Danone Joins Nestle in Cutting China Prices Amid State Probe

Danone Joins Nestle in Cutting China Prices Amid State Probe

Lam Yik Fei/Bloomberg

Shoppers walk past cans of Wyeth's baby formula displayed in a pharmacy in the Causeway Bay area of Hong Kong. Wyeth said the price cuts would save consumers an estimated 450 million yuan ($73 million) in the next 12 months.