Vermont-based Keurig Green Mountain will move most of its U.S. coffee buying operation to Switzerland, following rivals who have already moved.» Read More
Some of Wednesday's midday movers:
Aug 6- Mondelez International Inc, the maker of Cadbury chocolate and Oreo cookies, cut its 2014 sales target on Wednesday after price hikes to cover commodity costs sparked a backlash by consumers and retailers in some European markets. Mondelez also reported higher net income in the second quarter, topping Wall Street estimates.
Aug 6- Mondelez International Inc said Wednesday that its second-quarter profit rose on higher prices in emerging markets, but the maker of Cadbury chocolate and Oreo cookies cut its sales target. Net income increased to $622 million, or 36 cents per share, from $601 million, or 33 cents per share, a year earlier.
U.S. stock index futures traded down on Wednesday, as European shares fell sharply on rising concerns about Russia and Ukraine.
Investors are honed in on consumer companies that use cocoa as a raw ingredient to see how they manage costs to protect the bottom line.
Mars Chocolate North America said that it will raise its prices by 7 percent "to offset rising costs," its first increase in three years.
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July 11- Mondelez International Inc, maker of Cadbury chocolate and Oreo cookies, said it would create a "stand-alone" European cheese and grocery business to focus on its fast-growing snacks business, including biscuits, gum and candy.
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BEIJING, July 1- Foreign brands in China's consumer goods market are facing stiffer competition from domestic rivals, with about 60 percent of firms overseas losing market share last year, a private study of 40,000 households showed on Tuesday.
PARIS, July 1- Grocery manufacturers are struggling to adapt to the online world and need to invest in smarter packaging, presentation and supply chains to reap the long term benefits.
If China's consumers slow their retail purchases, U.S. companies with Chinese market ties may take hits to sales.
Although you may search the market far and wide for value, sometimes the best plays are right under your nose.
This chocolate company is investing in tech to drive productivity and innovation. It even has a futurist on staff. Up next: 3-D manufacturing.
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Talks between Mondelez and D.E. Master Blenders began well before investor Nelson Peltz joined Mondelez's board, a source told CNBC.
Some of the names on the move ahead of the open.
Traders across the financial markets will be hyper-focused on Congressional testimony from Fed Chair Janet Yellen Wednesday.