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Swiss food and drink giant Nestle announced a deal Monday to acquire Pfizer Inc.'s infant-nutrition business for $11.85 billion in a bid to boost sales in emerging markets. Before the announcement, Nestle already had the largest share of the global baby-formula market at just under 20 percent.

The denim store in Kobe, Japan, sells jeans for $350. The store is able to sell a pair of jeans for that price because it's tapped into a Japanese subculture that is obsessed by 1950s Americana.

Homes sales are still weak and prices in many cities continue to fall. Overall, the housing market remains in the doldrums. But first-time buyers are returning, one signal that the worst may be over.

A deadly fire and explosion at a German chemical plant has created big headaches for the global auto industry. The recent blast has resulted in a shortage of a chemical compound used in plastic fuel and brake lines. The chemical is hard to replace, and now automakers are scrambling to avoid major production disruptions.

U.S. and Afghan officials have finalized their partnership agreement, which sets up guidelines for U.S. involvement as American forces leave that country. Details have not been released, but both governments hope the agreement will put to rest doubts about a long term American commitment to support Afghanistan.

The Republicans could use the vice presidential slot to appeal to Hispanics. Meanwhile, President Obama used his weekly address to focus on the high cost of student loans.

The conservative group that has seen some corporate donors flee because of its involvement in pushing for voter ID and stand-your-ground gun laws, has new troubles. Common Cause has filed a complaint with the IRS that the American Legislative Exchange Council, known as ALEC, violated the limits of its charity tax status.

Unlike the United States, Germany never had a housing bubble. Its mortgage market is too tightly regulated. But some German banks did lose a lot of money in the financial crisis. The network of institutions called landesbanks have became a cautionary tale about risky investing.

French President Nicolas Sarkozy and socialist challenger Francois Hollande will face off next month in a presidential runoff. Anti-immigrant candidate Marine Le Pen came in a surprisingly strong third place.

Sebastian Vettel won the Bahrain Grand Prix over the weekend, but in a larger sense the winners were the race organizers. They managed to hold the race which was canceled last year by political unrest, which was part of the uprisings of the Arab Spring. Bill Law, of the British Broadcasting Corporation, talks to Steve Inskeep about the weekend's events in Bahrain.