Mondelez reported a 6.6 percent drop in quarterly revenue, largely due to deconsolidation of its Venezuelan operations.
U.S. stock index futures pointed to a solidly lower open, as investors got ready to wade through another downpour of earnings.
Trian Fund's Nelson Peltz also tells CNBC: "I don't know why the hell they're thinking about having an interest rate hike."
The chief executive of Hershey Co, the chocolate company that Oreo cookie-maker Mondelez International Inc tried to acquire earlier this year, is preparing to step down by next summer, the company said in a release.
Chocolate companies are coping with a slowdown in major markets such as the U.S. at a time when emerging markets are losing steam.
Entrepreneurship is a mindset, says Bonin Bough, host of CNBC's "Cleveland Hustles."
The death toll from a fire at a food and cigarette packaging factory in Bangladesh rose to 29 on Sunday as fire crews began digging through debris.
Some of the names on the move ahead of the open.
The billionaire investor's portfolios were boosted by strong gains at drug company Valeant Pharmaceuticals.
Though chocolate giant Hershey's fell nearly 11 percent Tuesday after the end of takeover talks, one strategist calls it a sweet buy in the long run.
Jim Cramer told investors what they need to see to know if a turnaround is for real.
Jim Cramer told investors what they need to see to know if a turnaround is for real
Jim Cramer pointed to technology, retail, food and energy groups that need takeovers in order to stay appealing.
Shares of Hershey fell as much as 11.2 percent on Tuesday, a day Mondelez said it was no longer in talks to purchase the chocolate company.
European stock indexes closed higher on Tuesday, with the exception of the FTSE 100, which was knocked by the weak performance of mining stocks.
Wall Street looked set to open higher on Tuesday, with futures for the Dow Jones industrial average trading up.
Mondelez states there is no actionable path forward as they end their bid for Hershey.
Check out Tuesday's early movers: AAPL, AAL, UAL, HSY, MDLZ, ANF, DSW, GIII & more.
Apple, Hershey and Abercrombie & Fitch are making headlines on Wall Street this Tuesday morning.
According to Dow Jones, Mondelez abandons their deal with Hershey due to pricing. CNBC's Seema Mody reports the details.