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Kraft Foods to rename snacks company Mondelez

NORTHFIELD, Ill. - Kraft Foods Inc. said Wednesday that its new global snacks company will be named Mondelez International Inc.

Mondelez was inspired by the suggestions of two Kraft employees. It is intended to evoke the idea of a “delicious world’’ as “monde’’ is derived from the Latin word for “world’’ and “delez’’ as an expression of “delicious.’’

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