Pfizer, the world’s biggest drugmaker, said it will split up its three major internal businesses and shuffle the management that leads them, part of the company’s preparation for a further breakup.

Nestle SA, the world’s biggest food company, lost court rulings over attempts to stop companies from selling rival capsules compatible with Nespresso machines in Germany.

Paris: Nestle SA is studying a possible joint bid for French yoghurt company Yoplait with Lactalis, Le Figaro reported, without saying where it got the information.

Share prices were lower in early trade, after stronger than-expected inflation and labor data intensified the market's concerns that the Federal Reserve is poised to raise rates soon, dealers said.