Call Buying Activity in Mondelez Int'l (MDLZ) Targets Near-Term Upside Following CEO Change & Merger Speculation -Susquehanna

Corporate profits to take more hits from Ukraine cyber attack

August 2, 2017 1:25 PM EDT

By Jim Finkle and Eric Auchard

TORONTO/FRANKFURT (Reuters) - The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to come.

While individual companies have been laid low by hacking attacks in the past, this financial reporting season marks the first time that major players across a range of industries have blamed them for significant financial damage to their results.

On Thursday, German consumer products... More

Mondelez Int'l (MDLZ) on Watch Amid Rumors of Kraft (KHC) Interest

August 2, 2017 10:00 AM EDT

Mondelez Int'l (NASDAQ: MDLZ) was in focus amid rumors regarding interest from Kraft Heinz (NASDAQ: KHC). The source of the rumor was DealReporter.

Notably, yesterday Mondelez announced that its Board of Directors selected Dirk Van de Put, current President and CEO of McCain Foods, to succeed Irene Rosenfeld as CEO.

... More

Outsider replaces long-time CEO at Oreo cookie maker Mondelez

August 2, 2017 7:17 AM EDT

By Siddharth Cavale and Gayathree Ganesan

(Reuters) - Mondelez International Inc (NASDAQ: MDLZ) on Wednesday named the head of Canadian frozen foods maker McCain Foods to succeed its long-time chief as the snack firm battles declining profits and activist investors.

Irene Rosenfeld's departure, set for November, will cap a challenging 11-year tenure, first as the chief executive officer of Kraft Foods Group and then as head of the renamed Mondelez.

The company has tried to make healthier foods with simpler ingredients to keep with up with changing consumer tastes, but the efforts have... More