KALAMAZOO, MI -- Zoetis Inc., an international animal-health drugmaker, which employs about 1,000 people at its research and development headquarters in Kalamazoo, will cut up to 25 percent of its total workforce. (Kalamazoo Gazette)

DECATUR, MI – Melissa Stamp, co-owner of bankrupt Stamp Farms, is facing prison time for her role in hiding money from a federal bankruptcy court, according to court documents. A pre-sentence investigation report calculated Stamp's sentencing guideline range for her bankruptcy fraud conviction at 41 months to 51 months in a federal penitentiary, according to a motion filed last week by her attorney in U.S. District Court in Grand Rapids. (Kalamazoo Gazette)

Kellogg Co. reported first-quarter earnings of $227 million on Tuesday. The Battle Creek-based company said it had profit of 64 cents per share. Earnings, adjusted for non-recurring costs, were 98 cents per share. (Battle Creek Enquirer)

Kellogg Co. has named presidents to lead North American business and its U.S. Morning Foods Division, the company announced Wednesday. (Battle Creek Enquirer)

Refusing to take “no” for an answer, Mylan N.V. today raised its offer to acquire Perrigo Co. plc to nearly $32.7 billion— an offer that was quickly rejected. The unsolicited offer made this morning is the third the Potters Field, England-based Mylan has made for Perrigo. The company offered $75 in cash and 2.3 share of Mylan stock for every Perrigo share and the value is based on Mylan’s April 8 closing share price of $68.36. (MiBiz)