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Stock Market & Financial Investment News

News Breaks
August 6, 2014
10:05 EDTMDLZMondelez expects to return $2B-$3B to shareholders in FY14
Says market likely to soften even more in 2H14 and especially in Q3. Says on track to deliver 2013-2014 combined free cash flow ex-items target of $3.7B. Expects to repurchase $1B-$2B of shares in FY14. Sees improvement in 2H14 being driven by coffee pricing and easier China comparison. Says global category growth unlikely to improve in 2H14. Says 2H14 growth tempered by challenging operating environment and slower resolution of customer disputes. Maintains high-12% adjusted OI margin. Says aims to further focus its portfolio on snacks and expects its coffee deal to close in FY15. Comments taken from slides from the company's Q2 earnings conference call presentation.
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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