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Antibiotic-free meat gets a foothold in US

Facing pressure from environmentalists and shareholder activists, major US food companies and restaurant chains are moving to limit antibiotics in farm animals raised for meat.

McDonald's sells China operations for $2.08 bn

US fast-food giant McDonald’s will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday.

Coca-Cola chief Muhtar Kent to step down

Coca-Cola announced Friday that chief executive Muhtar Kent will step down next year as the beverage giant confronts a tougher demand environment for soda.

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