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European banks leaving Russia would hurt Western and Russian companies, Kremlin says

UPDATE 1-European banks leaving Russia would hurt Western and Russian companies, Kremlin says Adds detail and further quotes from Kremlin spokesman in paragraphs 2, 4-9 MOSCOW, June 25 (Reuters) - European banks leaving Russia would damage both Western and Russian companies, Kremlin spokesman Dmitry Peskov said on Tuesday, pointing to the many Western businesses that still operate and use banking services in Russia.
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Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Baker Hughes Co BKR.OQ +4.8% Diamondback Energy Inc FANG.OQ +4.2% Amgen Inc AMGN.OQ +2.9% MongoDB Inc MDB.OQ +2.7% Mondelez International Inc MDLZ.OQ +2.6% Bottom Performers Percent Change Dexcom Inc DXCM.OQ -5.5% NVIDIA Corp NVDA.OQ -5.4% Arm Holdings PLC ARM.OQ -5.1% Marvell Technology Inc MRVL.OQ -4.7% Qualcomm Inc QCOM.OQ -4.4% The Nasdaq 100 .NDX lost 157.25 points, or 0.80%,
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Baker Hughes Co BKR.OQ +3.4% Moderna Inc MRNA.OQ +2.8% Diamondback Energy Inc FANG.OQ +2.7% Mondelez International Inc MDLZ.OQ +2.4% Amgen Inc AMGN.OQ +2.2% Bottom Performers Percent Change Arm Holdings PLC ARM.OQ -4.7% NVIDIA Corp NVDA.OQ -4.6% Dexcom Inc DXCM.OQ -3.8% Qualcomm Inc QCOM.OQ -3.6% Marvell Technology Inc MRVL.OQ -3.5% The Nasdaq 100 .NDX lost 59.24 points, or 0.30%,
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Lotus Bakeries tops BEL 20 on Mondelez deal in India

BUZZ-Lotus Bakeries tops BEL 20 on Mondelez deal in India ** Shares in Lotus Bakeries LOTB.BR rise 2% to the top of Belgium's BEL 20 index .BFX after the biscuits maker signed a partnership with Mondelez MDLZ.O on Lotus Biscoff brand and co-branded products in India ** Cadbury-parent Mondelez will manufacture, market, distribute and sell Biscoff co
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Mondelez To Make And Sell Lotus Biscoff Brand In India

BRIEF-Mondelez To Make And Sell Lotus Biscoff Brand In India June 13 (Reuters) - Mondelez International Inc MDLZ.O : MONDELEZ - MONDELĒZ TO MANUFACTURE, MARKET, DISTRIBUTE AND SELL LOTUS BISCOFF(®) BRAND IN INDIA MONDELEZ - TWO COS WILL WORK TOGETHER TO DEVELOP AND MARKET CO-BRANDED CHOCOLATE PRODUCTS IN OTHER MARKETS Source text for Eikon: ID:nG
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Law firm Kirkland sued in class action over MOVEit data breach

Law firm Kirkland sued in class action over MOVEit data breach By Sara Merken June 10 (Reuters) - U.S. law firm Kirkland & Ellis, the world's largest law firm by revenue, has been pulled into U.S. litigation over a wide-ranging data breach linked to a file transfer tool that compromised data at hundreds of organizations. A proposed class action filed on Friday accused Kirkland and several other companies, including health insurer Humana, of not doing enough to safeguard personal information that
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Mondelez, US law firm must face class action over data breach

Mondelez, US law firm must face class action over data breach By David Thomas June 4 (Reuters) - Snack food giant Mondelez MDLZ.O and U.S. law firm Bryan Cave Leighton must face at least part of a proposed class action over a data breach at the firm that compromised personal information belonging to thousands of Mondelez employees, a Chicago federal judge has ruled.
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After repairing its war-damaged factory, Mondelez resumes making Oreos in Ukraine

After repairing its war-damaged factory, Mondelez resumes making Oreos in Ukraine By Jessica DiNapoli NEW YORK, May 31 (Reuters) - Snack maker Mondelez MDLZ.O resumed its production of Oreo cookies in Ukraine, after its plant in a small city in the eastern part of the country was badly damaged during Russia's invasion roughly two years ago. Mondelez's plant in Trostyanets is now fully rebuilt after opening partially last year to make chocolates, according to a company statement.
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Mondelēz International To Invest More Than $5 Million USD In Biscuit And Baked Snacks Lab And Innovation Kitchen In Singapore

BRIEF-Mondelēz International To Invest More Than $5 Million USD In Biscuit And Baked Snacks Lab And Innovation Kitchen In Singapore Mondelez International Inc MDLZ.O : MONDELĒZ INTERNATIONAL TO INVEST MORE THAN $5 MILLION USD IN BISCUIT AND BAKED SNACKS LAB AND INNOVATION KITCHEN IN SINGAPORE Source text for Eikon: ID:nGNX28Dh4n Further company
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British Business - May 24

PRESS DIGEST-British Business - May 24 May 23 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The owner of Royal Mail, International Distributions Services IDSI.L , took nearly seven hours to tell the stock market that it would not be able to publish its annual results as scheduled, after blaming its auditors at KPMG.
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Mondelez fined $366 mln by EU for cross-border trade curbs

UPDATE 1-Mondelez fined $366 mln by EU for cross-border trade curbs Adds detail and Vestager and Mondelez comment By Foo Yun Chee BRUSSELS, May 23 (Reuters) - Oreo maker Mondelez International MDLZ.O was fined 337.5 million euros ($365.7 million) by EU antitrust regulators on Thursday for impeding cross-border trade of chocolate, biscuits and coffee products between EU countries.
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Mondelez fined $365.7 mln by EU for cross-border trade curbs

CORRECTED-Mondelez fined $365.7 mln by EU for cross-border trade curbs Corrects headline to remove euros BRUSSELS, May 23 (Reuters) - Oreo maker Mondelez International MDLZ.O was fined 337.5 million euros ($365.72 million) by EU antitrust regulators on Thursday for impeding cross-border trade of chocolate, biscuits and coffee products between EU countries.
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EU expected to announce Mondelez fine, says source

EU expected to announce Mondelez fine, says source BRUSSELS, May 23 (Reuters) - EU antitrust chief Margrethe Vestager is expected to announce a fine against Oreo maker Mondelez MDLZ.O on Thursday, a source close to the matter said after the European Commission said it will hold a news conference at 0900 GMT. The company said in a regulatory filing in January that it expects a liability of about 340 million euros ($368 million) in connection with the matter.
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Nestle set to sell $5 pizza, sandwiches for Wegovy, Ozempic users

Nestle set to sell $5 pizza, sandwiches for Wegovy, Ozempic users New brand boosts protein, iron, calcium content Up against new Daily Harvest, Herbalife products By Jessica DiNapoli NEW YORK, May 21(Reuters) - Nestle NESN.S will market a new, $5 line of frozen pizzas and protein-enriched pastas in the United States which it says it designed specifically for people taking drugs such as Wegovy or Ozempic for weight loss.
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Oscar Mayer offers peek at how M&A sausage is made

BREAKINGVIEWS-Oscar Mayer offers peek at how M&A sausage is made The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Saba NEW YORK, May 16 (Reuters Breakingviews) - Being an Oscar Mayer wiener no longer guarantees love, as the storied brand’s long-running jingle professed. Multiple owners attest to just how fickle consumers, CEOs and shareholders can be.
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Swedish investor AP7 to back study on Mondelez Russia business

UPDATE 1-Swedish investor AP7 to back study on Mondelez Russia business Adds comment from Mondelez, paragraph 9 By Jessica DiNapoli NEW YORK, May 15 (Reuters) - At least one Mondelez MDLZ.O investor, Swedish pension fund AP7, will back a resolution calling for the Oreo cookie maker to conduct an independent study of the risks of continuing to do business in Russia, which faces a vote at the company's annual meeting this month.
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Swedish investor AP7 to back study on Mondelez Russia business

Swedish investor AP7 to back study on Mondelez Russia business By Jessica DiNapoli NEW YORK, May 15 (Reuters) - At least one Mondelez MDLZ.O investor, Swedish pension fund AP7, will back a resolution calling for the Oreo cookie maker to conduct an independent study of the risks of continuing to do business in Russia, which faces a vote at the company's annual meeting this month.
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Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports

UPDATE 3-Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports Adds company comment in paragraph 7; updates share price May 13 (Reuters) - Kraft Heinz KHC.O is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.
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Hershey tops first-quarter estimates on higher pricing

Hershey tops first-quarter estimates on higher pricing May 3 (Reuters) - Hershey HSY.N exceeded Wall Street expectations for first-quarter sales and profit on Friday, benefiting from higher prices and steady consumer demand for its chocolates and candy. WHY IS IT IMPORTANT? Hershey has seen minimal resistance as its customers have been willing to spend on higher priced chocolates and candy.
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US fast-food chains may have to amp up promotions as more people eat at home

CORRECTED-US fast-food chains may have to amp up promotions as more people eat at home Corrects May 1 story to say "global sales growth slow" and not "sales decline" in paragraph 9 By Savyata Mishra and Juveria Tabassum May 1 (Reuters) - Global fast food giants may have to dole out steeper promotions to lure inflation-hit customers who are increasingly opting to eat at home, following weak sales from the likes of McDonald's and Starbucks this week.
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