The Latest Breaking News from Mondelez International Inc

Mondelez International Inc (NASDAQ:MDLZ) has agreed to acquire Grupo Bimbo’s confectionery business, Ricolino, for $1.3 billion. The company expects the acquisition to double the size of its Mexico business and provide an attractive entry point into the chocolate category while expanding its presence in snacking.  Ricolino’s annual revenue is about $500 million. It employs 6,000 associates…

Mondelez International Inc - Class A's (NASDAQ:MDLZ) short percent of float has fallen 4.0% since its last report. The company recently reported that it has 13.29 million shares sold short, which is 0.96% of all regular shares that are available for trading.

Mondelez International Inc - Class A's (NASDAQ:MDLZ) short percent of float has risen 29.87% since its last report. The company recently reported that it has 13.90 million shares sold short, which is 1.0% of all regular shares that are available for trading.

Rio Tinto PLC (NYSE:RIO) became the first leading miner to suspend trading relations with Russian businesses, Reuters reports. Japan's Sony Group (NYSE:SONY) and Nintendo Co Ltd (OTC:NTDOF) (NTDOY) also halted deliveries of their gaming consoles. Credit Suisse Group AG (NYSE:CS) flagged a ~$900 million Russian credit exposure. Hitachi Construction Machinery Co Ltd (OTC:HTCMF) (OTC:HTCMY) looks to stop exports…