CHINA-INFANT FORMULABEIJING â¿¿ Nestle SA says it will cut infant formula prices in China by an average of 11 percent starting Monday in response to an investigation into alleged price-fixing by several foreign companies. The price cuts by the company's Wyeth Nutrition unit will be maintained through 2014, and the prices of some products will be cut by up to 20 percent, a spokesman said. China has been investigating five foreign companies and one Chinese company for allegedly violating market competition laws by manipulating retailers to sell infant formula at inflated prices.
BC-APFN-Business News Digest
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