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Kraft Foods Inc. (NYSE:KFT) expects both the shares of Kraft Foods Group, Inc. common stock and Mondelez International, Inc. common stock, ex-distribution, to start trading on a “when-issued” basis on The NASDAQ Global Select Market on September 17th, under the symbols “KRFTV” and “MDLZV,” respectively. Kraft Foods Inc. will still trade, with the entitlement to the shares of Kraft Foods Group, Inc. common stock that will be distributed in the spin-off, on The NASDAQ Global Select Market under the symbol “KFT.” Kraft Foods Group will begin “regular-way” trading on The NASDAQ Global Select Market on October 2nd, under the ticker symbol “KRFT.” Kraft Foods Inc. will take the name, Mondelez International, Inc. and will begin “regular-way” trading also on October 2nd, on The NASDAQ Global Select Market under the ticker symbol “MDLZ.”
Don’t Miss: Here’s Why Kraft is Getting Kicked Off the Dow.
McDonald’s Corporation (NYSE:MCD): The government of India has approved a previously held-up proposal to allow as much as 51 percent Foreign Direct Investment in multi-brand retail, so long as the states will be permitted to decide if they want it, according to The Economic Times. However, for single-brand retail, the Cabinet maintains that any company seeking waiver of the mandatory 30 percent local sourcing rules would have to establish an Indian manufacturing facility, though such a decision would need to be put to the Cabinet once again for finalization.
Microsoft Corporation’s (NASDAQ:MSFT) researchers are looking into the sale of counterfeit software that included malware, installed on new, unused laptops in China, which shows the vulnerabilities faced by consumers from weaknesses in computer supply chains, says the Associated Press.
AT&T Inc. (NYSE:T) is taking part in a joint venture with Deutsche Telekom’s (DTEGY) T-Mobile USA and Verizon Wireless (VZ, VOD), which is developing a mobile-payments service. The JV has postponed its first major test of the product, that was scheduled for Austin and Salt Lake City, with no reason given according to the Wall Street Journal.
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