Bloomberg Nestle SA agreed to acquire a majority stake in Orgain, a maker of plant-based protein powders and other products, expanding its nutrition portfolio. Butterfly Equity and Orgain founder Andrew Abraham will keep a minority stake, staying on as chief executive officer, the companies said, confirming an earlier report by Bloomberg about the sale. Financial details weren’t disclosed, …

    Bloomberg Starbucks Corp. shares pared an earlier loss in late trading after the company released an updated forecast that only projects a slight impact on profits despite a surge in costs related to labor and the ongoing pandemic. The company now sees earnings per share falling 4% to 6% in its current fiscal year, versus a prior view …

  Bloomberg Sydney Airport shareholders overwhelmingly approved a A$23.6 billion ($17 billion) deal to sell the company to a consortium of funds, transferring Australia’s main international gateway to private ownership after the pandemic hammered earnings. Some 96% of votes cast at a shareholder meeting on Thursday backed the sale to a group led by IFM Investors Pty for A$8.75 a …