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Stock Market & Financial Investment News

News Breaks
January 16, 2014
08:08 EDTMDLZMondelez achieves 100% palm oil sustainability milestone
Mondelez announced that it achieved Roundtable for Sustainable Palm Oil coverage for 100% of the palm oil it bought in 2013. This is two years ahead of the company's existing commitment to cover all requirements by 2015 through a combination of RSPO-certified oil and Greenpalm certificates that support sustainable production. In the first months of this year, Mondelez will review results from suppliers and publish an action plan during the second quarter to give priority to supplies that meet the company's sustainability principles, and eliminate supplies that do not, by 2020 at the latest.
News For MDLZ From The Last 14 Days
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October 1, 2014
13:52 EDTMDLZActivist firm Relational winding down, dissolving funds, WSJ says
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09:05 EDTMDLZMondelez signs agreement with Google focusing on online video
Mondelez International (MDLZ) announced has signed a global agreement with Google (GOOG), focusing on online video. This is part of the company's strategy to invest more of its media spending in digital and, in particular, online video. Globally, the company has committed to shifting 10% of its ad budgets to online video in 2014.
08:40 EDTMDLZMondelez to build $90M biscuit plant in Bahrain
Mondelez announced plans to invest $90M in building a biscuit plant in the Kingdom of Bahrain to meet rising demand in the Middle East and Africa for company brands such as Oreo, Ritz and TUC biscuits. With full commercial production scheduled to start in early 2016, the planned facility will be Mondelez's most advanced manufacturing site in the Middle East and Africa, where demand for its biscuits has been growing at double-digit rates. In the initial two- to three-year phase, the new plant will operate four biscuit-manufacturing lines with a total capacity of nearly 90,000 tons per year. Mondelez's supply-chain reinvention plan is expected to deliver $3B in gross-productivity savings, $1.5B in net savings and $1B in incremental cash over the next three years. These savings will be a primary driver of significant improvements in the company's base operating-income margin in the near term. The new plant will create as many as 300 direct jobs by the end of the initial phase and, through a multiplier effect, help sustain over 1,000 more in the local economy. Aimed at meeting demand in the Middle East and Africa for next 20 years, the facility has the potential to generate several hundred more direct jobs and sustain thousands of indirect jobs depending on future investment-decisions.
September 25, 2014
09:02 EDTMDLZMondelez appoints Dana Anderson as SVP and Chief Marketing Officer
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