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Kraft to be renamed Modelez after grocery unit is spun off
Kraft Foods Inc., the food manufacturer spinning off its grocery business later this year, will change its name to Mondelez International Inc. after the split as it seeks a new identity as a global snacks company.
Pronounced Mohn-dah-LEEZ, the new name is a combination of the Latin word for world and an expression meant to evoke the word delicious, Northfield, Illinois-based Kraft said today in a statement. The grocery business will be named Kraft Foods Group Inc.
Mondelez will be strictly a corporate name on the back of packages of such snack foods as Oreo cookies and Newtons snacks. After the split, the snacks business will market those brands directly to consumers and Mondelez will remain in the background.
The intention is for Mondelez to be a corporate name, Michael Mitchell, a Kraft spokesman, said in a phone interview.
BARNES TO SPEAK AT BREAKFAST TO BUSINESS EVENT
– Stephen Barnes, associate director of the LSU Division of Economic Development, will be the first speaker of 2012 in LSU Executive Education’s Breakfast to Business series. The event will be held Tuesday, January 17, at Café Américain from 7:30 a.m.to 8:30 a.m. Café Américain is located at 7521 Jefferson Highway.
Barnes will discuss the rise of the Green Economy and how Louisiana is getting involved. His presentation, “The Greening of the LA Economy: Fact or Fiction?” will present the concept of the green economy and cover the following topics:
- What exactly is the Green Economy and how is it growing?
- Is Louisiana (and Baton Rouge) really invested in it?
- What does the Green Economy mean for you and your business?
“LSU’s Division of Economic Development, working with the Louisiana Workforce Commission, conducted a recent study around the Green Economy within Louisiana,” LSU Executive Education Director Robin Kistler said. “This is an opportu
Nucor says earnings will fall short in face of more competition
CHARLOTTE, N.C. (AP) — Steel maker Nucor Corp. predicted today that its first-quarter earnings will fall short of last year’s as prices have deteriorated since January with more inventory in the marketplace from domestic mills and imports.
The Charlotte, N.C., steel manufacturer, which operates a mill in Memphis, estimated earnings per share will range from 30 cents to 35 cents in the first three months of the year. Tha
Stocks rally, Nasdaq closes at 12-year high
Stocks rallied Tuesday, pushing the Nasdaq Composite to close above the key 3,000 level for the first time since 2000.
On Tuesday, the Nasdaq added 56 points, to close at 3,039, a level not seen since December 2000.
The Dow Jones Industrial Average gained 218 points, to 13,177, its highest level since May 2008.
The Standard & Poor’s 500-stock index advanced 24 points, to 1,396, reaching its highest level since June 2008.
US Industries Expanding: Solar and Wind
First appeared in USA Today
Newly installed solar panels produced 109% more electricity nationwide last year than in 2010, reaching a record 1,855 megawatts, as the price of these panels plummeted by more than 50%, according to a report today by the Solar Energy Industries Association (SEIA), an industry group, and GTM Research.
“The U.S. remains the innovative center of the solar industry worldwide,” says Rhone Resch, SEIA’s president. He says “run-of-the-mill” panels may increasingly be made overseas, but the U.S. still will make the most advanced solar components and post double-digit annual growth. He expects solar power, which now produces less than 1% of U.S. Read more…
Bord Gáis warns of higher prices
The company warned of the price hikes if changes proposed to charges for the use of natural gas pipelines are not implemented.
Last month, the Commission for Energy Regulation proposed that suppliers pay for Ireland’s interconnectors, which supply 95% of the country’s gas, irrespective of whether they use them.
This provoked an angry reaction from Shannon LNG, which is currently planning to build a €600m liquid natural gas facility at Ballylongford, Co Kerry.
The construction of the facility is expected to bring 800 jobs — Shannon LNG has already spent €40m to get the project to this stage and has secured planning permission and obtained a foreshore licence.
However, a question now lies over the project with Shannon LNG chief executive Paddy Power telling the February meeting of Kerry County Council that the Commission decision could force the firm to pay €75m per annum to the State.
In
LSU BUSINESS STUDENTS MEET WARREN BUFFETT
OMAHA, Neb. – Twenty LSU E. J. Ourso College of Business students from the Department of Finance and the LSU Flores MBA Program were among students from six universities nationally that were selected to meet and interact with Warren Buffett, Friday, January 13. The students spent their day with the business magnate, investor and philanthropist by touring two Berkshire-Hathaway subsidiaries, participating in a two-hour Q&A session with him and dining at his favorite restaurant, Piccolo Pete’s.
Jasmine Spear, a second-year LSU Flores MBA student, said meeting Buffett was a “momentous experience,” and described him as a humble man with a welcoming persona.
“He managed to hold the attention of 100-plus students for about two and half hours straight,” Spear said. “He spoke to us as the future leaders of America, explaining his political philosophy, business intellect and overall success.”
Harrison Breaud, a finance senior in the E. J. Ourso College
Taking the Liberté
I don’t want to get stuck into a rut of complaining about the French – particularly after my last rant a couple of weeks ago. I genuinely do like them, but seriously guys what are you playing at? First we reported how it was illegal for Google to give away maps for free and now they’re at it again, but this time the French have passed a law which effectively gives the rights in all books written before 2001 to a French Quango.
The story was broken by the Register who said:
It’s essentially a Compulsory Purchase Order for intellectual property – the author’s work is no longer their own. Ownership is instead transferred to a quango answering to the French Ministry of Culture, which is authorised to make it digitally available. Publishers are the big beneficiaries. <