International Business

Kraft Foods Inc. signed final agreements to acquire the global biscuit business of Groupe Danone for EUR 5.3 billion in cash subject to purchase price adjustments.

Diageo announces a strategic alliance between Sean "Diddy" Combs and Ciroc vodka.

The Board of Directors of The Stanley Works announces the election of a new member, Carlos M. Cardoso, president and chief executive officer of Kennametal Inc.

Nike Inc. reaches agreement on an all-cash offer to acquire Umbro plc, a United Kingdom-based global football (soccer) brand.

T3Ci formally announces the appointment of Cedric Guyot as the new vice president of Marketing. Guyot will report to Jonathan Golovin, chairman & CEO, T3Ci.

SABMiller plc and Molson Coors Brewing Company intend to combine the U.S. and Puerto Rico operations of their respective subsidiaries, Miller and Coors, in a joint venture to create a stronger, brand-led U.S. brewer with the scale, resources and distribution platform to compete more effectively in the increasingly competitive U.S. marketplace.

Scott Bader, a U.K.-based producer of composite and specialty polymer resins, enlists Sopheon's Accolade product life cycle management solution to enhance product innovation and portfolio management processes.

Nike Inc. announces that Jill Stanton, vice president, Apparel for Nike's U.S. region, is named vice president of Global Apparel for the Nike brand.