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Mondelez tops Street 2Q forecasts

Shares of Mondelez International Inc. jumped Thursday after the snack maker reported better-than-expected earnings for the second quarter due to reduced expenses. The Deerfield, Illinois-based company said cost-saving measures in delivery and production helped boost its bottom line despite foreign currency pressures. CEO Irene Rosenfeld said in a statement that the company would use the savings to "step up investments in marketing, sales and capacity expansion to accelerate revenue growth and improve market share." Mondelez reported net income of $406 million, or 25 cents per share, for the three months ended June 30 compared with $622 million, or 36 cents per share, in the...

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