Archer-Daniels-Midland Company $ADM has announced the closure of its soybean processing plant in Kershaw, South Carolina, by the end of spring as part of a larger cost-reduction and consolidation strategy previously revealed earlier this year. This decision highlights the company's ongoing efforts to streamline operations amidst challenging market conditions and financial difficulties stemming from a recent accounting scandal.

Nestle SA $NSRGY, the renowned producer of Nespresso coffee and KitKat chocolate bars, has announced plans to accelerate sales growth as current levels are historically low. In the context of rising raw material prices, Nestle intends to increase prices on its products while simultaneously optimizing costs.