Mondelez International Inc http://www.globalpost.com/taxonomy/term/50309/all en Kraft Foods 1st-quarter profit beats Wall Street expectations as sales increase http://www.globalpost.com/dispatch/news/the-canadian-press/130502/krafts-profit-beats-wall-street-expectations-sales-increase <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Kraft Foods is reviving old brands like Kool-Aid and betting on big new innovations as it begins finding its way as a smaller, independent company.</p> <p>The Northfield, Ill., company, which makes Miracle Whip, Oscar Mayer and other staples found in American pantries, on Thursday reported first-quarter results that beat Wall Street expectations. Kraft noted that it managed to grow sales even in the challenging economy and that it was cutting costs following its split from its global snack business last year.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130502/krafts-profit-beats-wall-street-expectations-sales-increase" target="_blank">read more</a></p> Chocolatiers Food and drink Food industry Kraft Foods Kraft Foods Mondelez International Inc The Canadian Press Thu, 02 May 2013 21:16:59 +0000 5830110 at http://www.globalpost.com Mondelez profit meets expectations for 1st quarter, company lifts 2013 profit outlook http://www.globalpost.com/dispatch/news/the-canadian-press/130507/mondelez-profit-meets-expectations-1st-quarter-company-lifts <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Mondelez reported a first-quarter profit on Tuesday that met Wall Street expectations, as the maker of Oreo cookies raised prices and sold more of its snacks in emerging markets.</p> <p>The company, which also makes Cadbury chocolate and Trident gum, said it still expects revenue growth for the year to be on the low end of its forecast of 5 to 7 per cent, with a decline in coffee prices and ongoing weakness in the gum category weighing on results. But it raised its outlook for operating earnings, citing tax items.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130507/mondelez-profit-meets-expectations-1st-quarter-company-lifts" target="_blank">read more</a></p> Business Chocolatiers Food and drink Food industry Kraft Foods Mondelez International Inc Northfield, Illinois The Canadian Press Tue, 07 May 2013 23:20:11 +0000 5833208 at http://www.globalpost.com Starbucks says $2.76 billion Kraft split was necessary http://www.globalpost.com/dispatch/news/thomson-reuters/131112/arbitrator-says-starbucks-must-pay-kraft-grocery-fight <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Lisa Baertlein</p> <p>(Reuters) - Starbucks Corp on Wednesday said breaking up with Kraft was hard to do, but worth the high price, after an arbitrator ruled it must pay a whopping $2.76 billion for ending the companies' grocery coffee partnership early.</p> <p>The world's biggest coffee chain will restate results for the latest quarter to show an operating loss and issue debt following the bigger-than-expected award.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131112/arbitrator-says-starbucks-must-pay-kraft-grocery-fight" target="_blank">read more</a></p> Business Coffee in Seattle Food and drink Food industry Kraft Foods Inc. Mondelez International Inc Starbucks Corp Thomson Reuters Tue, 12 Nov 2013 22:02:48 +0000 5987439 at http://www.globalpost.com Peltz to join Mondelez board, ends push for PepsiCo deal http://www.globalpost.com/dispatch/news/thomson-reuters/140121/peltz-join-mondelez-board-ends-push-pepsico-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Reuters) - Mondelez International Inc &lt;MDLZ.O&gt;, maker of Cadbury chocolate and Oreo cookies, added activist investor Nelson Peltz to its board in a deal that ends his campaign to have the company merge with PepsiCo Inc &lt;PEP.N&gt;.</p> <p>Peltz, who is on the PepsiCo board, said last year that Mondelez should be acquired by the beverage giant but that it could also almost double earnings per share by managing costs better.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140121/peltz-join-mondelez-board-ends-push-pepsico-deal" target="_blank">read more</a></p> Business Food and drink Food industry Investment Mondelez International Inc Nelson Peltz Thomson Reuters Tue, 21 Jan 2014 15:45:43 +0000 6048915 at http://www.globalpost.com Peltz to join Mondelez board, ends push for PepsiCo deal http://www.globalpost.com/dispatch/news/thomson-reuters/140121/peltz-join-mondelez-board-ends-push-pepsico-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Reuters) - Mondelez International Inc &lt;MDLZ.O&gt;, maker of Cadbury chocolate and Oreo cookies, added activist investor Nelson Peltz to its board in a deal that ends his campaign to have the company merge with PepsiCo Inc &lt;PEP.N&gt;.</p> <p>Peltz, who is on the PepsiCo board, said last year that Mondelez should be acquired by the beverage giant but that it could also almost double earnings per share by managing costs better.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140121/peltz-join-mondelez-board-ends-push-pepsico-deal" target="_blank">read more</a></p> Business Food and drink Food industry Investment Mondelez International Inc Nelson Peltz Thomson Reuters Tue, 21 Jan 2014 15:45:43 +0000 6048916 at http://www.globalpost.com Peltz to join Mondelez board, ends push for PepsiCo deal http://www.globalpost.com/dispatch/news/thomson-reuters/140121/peltz-join-mondelez-board-ends-push-pepsico-deal-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Aditi Shrivastava</p> <p>(Reuters) - Mondelez International Inc &lt;MDLZ.O&gt;, maker of Cadbury chocolate and Oreo cookies, added activist investor Nelson Peltz to its board in a deal that ends his campaign to have the company merge with PepsiCo Inc &lt;PEP.N&gt;.</p> <p>Peltz has been pushing Mondelez to sell itself to the beverage and snacks giant since the middle of last year. He has also said the company could double earnings per share by better managing its costs.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140121/peltz-join-mondelez-board-ends-push-pepsico-deal-0" target="_blank">read more</a></p> Business Food and drink Food industry Investment Mondelez International Inc Nelson Peltz Thomson Reuters Tue, 21 Jan 2014 18:33:47 +0000 6049103 at http://www.globalpost.com Mondelez and DE Master Blenders combining their coffee businesses http://www.globalpost.com/dispatch/news/the-canadian-press/140507/mondelez-and-de-master-blenders-combining-their-coffee-busin <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>DEERFIELD, Ill. - Mondelez and D.E. Master Blenders will link their coffee businesses together as Mondelez concentrates increasingly on its snack foods division and cost cutting.</p> <p>The deal is part of a $3.5 billion restructuring program underway at Mondelez that is projected to create $1.5 billion in savings by 2018. The company said that the restructuring is expected to include some job cuts, but it did not specify how many positions or where.</p> <p>Shares of Mondelez rose more than 7 per cent in midday trading Wednesday.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140507/mondelez-and-de-master-blenders-combining-their-coffee-busin" target="_blank">read more</a></p> Chicago metropolitan area Douwe Egberts Mondelez International Inc Senseo The Canadian Press Wed, 07 May 2014 13:18:59 +0000 6140797 at http://www.globalpost.com