Formula firms face price probe

Several infant milk formula producers, mostly foreign, are under an anti-trust investigation by China's top economic planner for allegedly fixing prices, the official People's Daily reported on Tuesday.

The National Development and Reform Commission is investigating baby formula companies including Nestle SA, Abbott Laboratories, Mead Johnson Nutrition Co, Danone's Dumex brand and Wyeth Nutrition.

Also under investigation is a local company, Biostime International Holdings Ltd.