Kraft to Be Renamed Mondelez After Grocery Unit Is Spun Off

http://www.bloomberg.com/news/2012-03-21/kraft-to-be-renamed-mondelez-after-grocery-business-is-spun-off.html

Kraft Foods Inc. (KFT), 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.