Three of Europe’s main bottlers of Coca-Cola products are to combine in a $27bn deal to simplify manufacturing at the world’s largest drink maker as it seeks to cut costs at a time when consumers are shifting away from its fizzy drinks. (Photograph: Chris Ratcliffe/Bloomberg)

An Obama administration crackdown to stop US businesses pursuing takeovers that let them escape the country’s high corporate tax regime was dealt a s(...)

According to Tapestry Networks, at a conference a member of Nestlé’s executive board, David Frick, “talked about a programme to invite its largest shareholders to meet with the chairman . . . He said shareholders had either declined or simply didn’t turn up to the meetings.” Photograph: EPA/Keystone/Fabrice Coffrini

What if lawmakers never spoke to their constituents? Oddly enough, that’s exactly how corporate America operates. Shareholders vote for directors, (...)