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Stock Market & Financial Investment News

News Breaks
April 10, 2014
07:31 EDTMDLZMondelez spends $110M on new Russia factory, Bloomberg says
Mondelez is planning to spend $110M on a new plant in Russia, which will add enough capacity to make 50K tons of snacks annually, according to Bloomberg, citing comments from company spokesman Michael Mitchell. The new factory is projected to create 180 jobs. Reference Link
News For MDLZ From The Last 14 Days
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April 6, 2015
13:52 EDTMDLZIndia imposes $88M tax fine on Cadbury, Reuters says
Indian tax authorities have imposed an $88M fine on Mondelez' Cadbury unit, reports Reuters, citing government officials. The government claims Cadbury misused a "tax holiday" strategy for a factory in Himachal Pradesh. Mondelez India said its tax exemptions for the period are legal, noting that "the issue is one of interpretation." Reference Link

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