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☆ Migrant Children Sell Candy on the Subway. New York Has No Solutions.
▼ + stars: | 2024-03-13 | by ( Andy Newman | ) www.nytimes.com time to read: 1 min

On a subway platform in the Bronx recently, a girl in a puffer coat strolled past passengers with a basket of M&M’s, Kit Kats and Trident gum slung across her shoulder. One rider captured her on a video posted on X, calling out, “No parent, no parent, where the parent at?” as she walked by. Of all the manifestations of human misery that the two-year-old migrant crisis has brought to New York City, few trouble the conscience more than the sight of children selling candy on the subway — sometimes during school hours, sometimes accompanied by parents, sometimes not. On trains and on social media, New Yorkers have asked: Isn’t this child labor? Shouldn’t someone be doing something to help these children?

Persons: Kit Kats Organizations: Trident Locations: Bronx, New York City

☆ A Trident missile test-fired by a UK submarine failed. That's a lot of money down the drain.
▼ + stars: | 2024-02-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Read previewThe British navy suffered an embarrassing flop after a failed test launch of a Trident nuclear missile was revealed. AdvertisementIt's the second time in a row that a test launch of a Trident missile by the Royal Navy has had an unhappy ending. These failures have a high price tag, given that each missile costs tens of millions of dollars. AdvertisementThat involves manufacturing costs, missile extension programs, replacement warheads, in-service costs, and personnel salaries. Building the Trident system in the 1980s cost about £21 billion ($26.5 billion) in today's money, according to the Ministry of Defense.

Persons: —, Grant Shapps, Lockheed Martin Organizations: Service, British, Trident, Sun, Business, Defense, Royal Navy, US Navy, US, Lockheed, Vanguard, Ministry of Defense, Nuclear Disarmament, Department of Defense, Congressional, Office Locations: Florida, Africa, Ohio, Red Sea, Russia, Ukraine, Taiwan Strait

☆ UK nuclear missile test fails for second time in eight years
▼ + stars: | 2024-02-21 | by ( Lauren Kent | ) edition.cnn.com time to read: +3 min

London CNN —A British nuclear missile test launch failed at a site off the coast of Florida, marking the second time in eight years that the country’s Trident 2 ballistic missiles have malfunctioned during trials. The fault was specific to the test kit and that the launch would have likely been successful if it had occurred out on a patrol, using a real nuclear warhead, according to the source. “The UK’s nuclear deterrent remains safe, secure and effective,” The Ministry of Defense spokesperson added. “The test has reaffirmed the effectiveness of the UK’s nuclear deterrent, in which we have absolute confidence.”A Trident II missile is launched by the US navy during a test in 1989. Phil Sandlin/AP/FileShapps is expected to present a written ministerial statement on Britain’s nuclear deterrent to Parliament on Wednesday, according to the House of Commons order paper.

Persons: London CNN —, of Defense Grant Shapps, Sir Ben Key, Phil Sandlin, ”, John Healey Organizations: London CNN, HMS Vanguard, Ministry of Defense, Trident, CNN, The Sun, of Defense, “, Vanguard, US, Labour Party, Royal Navy Locations: British, Florida, United States, Georgia

☆ A British nuclear missile launch failed for the second time in a row — yet another embarrassment for the Royal Navy
▼ + stars: | 2024-02-21 | by ( Tom Porter | ) www.businessinsider.com time to read: 1 min

A test of the UK's nuclear deterrent failed for the second time in a row. Britain's Ministry of Defence said "an anomaly" occurred during the firing of a Trident missile. It's the latest in a series of embarrassing failings by the UK's Royal Navy. The test firing of a British nuclear missile from a Royal Navy submarine failed for the second time in a row in yet another humiliation for the Royal Navy. Adding to the embarrassment, UK Defense Secretary Grant Schapps was on board the launch submarine, HMS Vanguard, at the time of the botched test in January, the report said.

Persons: Grant Schapps Organizations: Britain's Ministry of Defence, Trident, UK's Royal Navy, Royal Navy, The Sun, HMS Vanguard, Business Locations: British, Florida

☆ Broadcom adds silicon AI features to speed new Trident networking chip
▼ + stars: | 2023-11-30 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

Devoting a portion of the silicon in Broadcom's Trident networking processors to AI improves the chip's efficiency and its ability to handle other tasks such as network security. The chip, called a Trident 5-X12, can help alleviate some of the network traffic congestion, Robin Grindley, an executive in Broadcom's Core Switching Group, said in an interview. The AI portion of the chip can be turned on after a customer builds an AI model based on the traffic in their data center. Once constructed, a form of the model is fed into the chip and it can help route the traffic. The new version of the Trident is built with 5 nanometer manufacturing technology and is currently shipping to "qualified" customers.

Persons: Mike Blake, Robin Grindley, Grindley, Max A, Sonali Paul Organizations: Broadcom, REUTERS, Tech, Trident, Engineers, Thomson Locations: Rancho Bernardo, California, San Francisco

☆ Ukraine at last has all the Abrams tanks the US promised. Now the question is how best to use them.
▼ + stars: | 2023-10-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Ukraine has received all 31 of the formidable M1A1 Abrams tanks promised by the US. Ukraine will have to be careful with how it employs the Abrams, especially as the counteroffensive likely slows in coming months. But don't expect to see many showdowns with Russian tanks. Russian minefields have held Ukraine's armor at bay, while artillery and anti-tank missiles threaten the vehicles that do advance. Soldiers handle a US M1 Abrams tank during the Finnish Army mechanized exercise "Arrow 23" at the Pohjankangas shooting and training area in Niinisalo, Finland, on May 4, 2023.

Persons: —, Abrams, Mark Cancian, Volodymyr Zelenskyy, Biden, Olivia Yanchik, that's, ANTTI AIMO, Moscow's, Ukraine's, Russia's, Yanchik, Cancian, JONATHAN NACKSTRAND, Zelenskyy, ATACMS Organizations: US, Abrams, Service, Center for Strategic, International Studies, US Marine Corps, US Army, Council's Eurasia Center, Royal United Services Institute, M1 Abrams, Finnish Army, Getty, Trident, Russian, U.S . Marine Corps M1A1, 1st Tanks Bravo Company, Marine, Palms Marine Corps Base, US Department of Defense, MGM, Tactical Missile Systems, NATO Locations: Ukraine, Kyiv, Niinisalo, Finland, AFP, Zaporizhzhia, NATO, Oppdal, Norway, Azov, California, Russia

☆ US Air Force tests nuclear-capable long-range missile
▼ + stars: | 2023-09-06 | by ( Michael Callahan | ) edition.cnn.com time to read: +2 min

CNN —The US Air Force on Wednesday tested an unarmed nuclear-capable long-range missile, according to the Air Force Global Strike Command. The unarmed Minuteman III intercontinental ballistic missile, equipped with three test reentry vehicles, was launched from Vandenberg Air Force Base in California and traveled 4,200 miles to the Kwajalein Atoll in the Marshall Islands. An operational test launch of an Air Force Global Strike Command unarmed Minuteman III intercontinental ballistic missile launched from Vandenberg Space Force Base, Calif., on Wednesday, Sept. 6, at 1:26 a.m. PT. The purpose of the ICBM test launch program is to validate and verify the safety, security, effectiveness, and readiness of the weapon system, according to Air Force Global Strike Command. The other two parts of the triad are the Trident submarine-launched ballistic missile and nuclear weapons carried by long-range strategic bombers.

Persons: Kadielle, ”, Chris Cruise, Pat Ryder Organizations: CNN, US Air Force, Air Force Global Strike Command, Minuteman, Vandenberg Air Force Base, Vandenberg Space Force Base, Kadielle Shaw, . Space Force, Airmen, Guardians, Pentagon, Trident Locations: California, Marshall, Calif, Russia, United States, Hague, ” Brig

Zhang Yaoyu, PCI's global head of LNG trading, declined to comment on the company's traded volume, but said trading was part of the company's overall strategy. By 2026, Chinese companies are expected to have contracted LNG supplies of more than 100 million tons a year. That could mean a surplus of up to 8 million tons that year, according to consultancy Poten & Partners, or a deficit of 5 million to 6 million tons based on estimates from pricing agency ICIS. Qatar, which will be China's largest supplier for 2026, however, offers traditional LNG contracts that are restricted to a single destination or country. These openings in the market and a more liberalised domestic gas market have also prompted smaller Chinese gas distributors and importers to expand into the trading space.

Persons: Dado Ruvic, Toby Copson, Copson, it's, Zhang Yaoyu, Zhang, Jason Feer, Feer, Chen Aizhu, Emily Chow, Marwa Rashad, Yuka Obayashi, Tom Hogue Organizations: REUTERS, 2026 Companies, Shell, BP, International Energy Agency, Offshore Oil Corp, China Gas Holdings, HK, Qatar, Trident LNG, Sinochem, PetroChina International, Poten, Partners, Rystad Energy, Reuters Graphics Reuters, Reuters, PCI, U.S, Beijing Gas, Zhejiang Energy, JOVO Energy, Thomson Locations: Qatar, US, Europe, Asia SINGAPORE, London, Singapore, U.S, Oman, Canada, Mozambique, Shanghai, China, Japan, Beijing, Central Asia, Russia, Southeast Asia, South Korea, Ukraine, ENN, Tokyo

☆ The British navy is teaming up with the US to build a new 'Dreadnought' for a totally different battle at sea
▼ + stars: | 2023-08-13 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +8 min

The British Royal Navy is building a new class of nuclear-powered ballistic-missile submarines. The British subs will have the same missile compartment as the US Navy's new missile subs. At-sea deterrentThe Royal Navy submarine HMS Dreadnought in April 1963. The Royal Navy plans to commission HMS Dreadnought sometime in the early 2030s. In addition to being the largest British subs ever, the Dreadnought class will be one of the most expensive defense projects in British history.

Persons: SSPL, Royce, Christopher Furlong, King George VI ., Valiant, Warspite Organizations: British Royal Navy, British, Service, HMS, Dreadnought, Royal, Royal Navy, Ministry of Defense, Submarine, Agency, BAE Systems, Royce, Vanguard, UK, US, Trident, Columbia, CMC, US Navy's Trident, BAE, MoD Locations: Wall, Silicon, Britain, Faslane, US Navy Ohio, British, Barrow, Furness

Kyiv last week replaced the Soviet hammer and sickle symbol with a trident – the Ukrainian coat of arms – on the shield of the Motherland Monument, which dominates the capital’s skyline. Its construction began in 1979, and it depicted a woman holding a sword and a shield emblazoned with the Soviet hammer and sickle symbol. Workers remove the Soviet-era emblem from the motherland monument in Kyiv on August 1, 2023. And they don’t know how.”Putin’s desire to undermine Ukrainian national identity and autonomy has remained a key motivation for the conflict. Kudrya, meanwhile, was a Soviet spy and a leader of a sabotage group in Kyiv during World War II.

Persons: Vladimir Putin’s, Valentyn Ogirenko, Pilipey, ” “, ’, Maria Zakharova, Putin, Andrei Ivanov, Andriy Ivanov, Ivan Kudrya, John McCain, Andreyi, “, McCain, Kudrya, ” “ McCain, Ukraine …, Pobigay Organizations: CNN, Getty, Russian Foreign, Kremlin, UNESCO, ” Locations: Ukraine, Kyiv, Soviet, Ukrainian, Kyiv's, AFP, Kiev, Russian Kiev, Moscow, Latvian, Pavlenko, Russia

☆ Ukraine gets rid of Soviet symbols on Motherland monument in Kyiv
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +2 min

[1/5] Workers mount a Ukrainian national emblem to the shield of the 'Motherland' monument replacing the Soviet one, amid Russia's attack on Ukraine, at a compound of the World War II museum in Kyiv, Ukraine August 6, 2023. REUTERS/Valentyn OgirenkoKYIV, Aug 6 (Reuters) - Workers installed Ukraine's national trident on an iconic monument depicting the Motherland in Kyiv on Sunday, replacing old Soviet symbols in one of the most visible examples of breaking away from the past and Moscow's influence. Originally, the shield bore the Soviet Union's coat of arms - a crossed hammer and sickle surrounded by ears of wheat. Kyiv says the invasion appears to be an imperial mission to recreate the Soviet Union. Ukraine outlawed Soviet symbols in 2015, the year after Russia annexed Crimea and backed separatist proxies in the country’s east.

Persons: decommunize, Vladimir Putin, Vladimir Lenin, John McCain, Olena Harmash, Yurii, Pavel Polityuk, Frances Kerry Organizations: Workers, REUTERS, KYIV, Soviet Union, European Union, Soviet, Thomson Locations: Ukrainian, Soviet, Ukraine, Kyiv, Valentyn, Dnipro, Russian, Soviet Union, Russia, Crimea, U.S

☆ Rare submarine visit reminds North Korea of U.S. nuclear missiles out of sight, in range
▼ + stars: | 2023-07-21 | by ( Josh Smith | ) www.reuters.com time to read: +4 min

SEOUL, July 21 (Reuters) - When a U.S. ballistic missile submarine (SSBN) surfaced for a rare visit to South Korea this week it was a blunt reminder that Washington always has nuclear-tipped missiles deployed within close striking distance of North Korea, analysts said. “Placing nuclear weapons offshore and on submarines is actually a stronger deterrent in many ways,” said Duyeon Kim of the Center for a New American Security. SSBNs anywhere from the U.S. West coast westward can strike targets in North Korea,” Van Diepen said. For now, a missile submarine would only marginally supplement the North's burgeoning land-based nuclear force, Van Diepen said. "De-facto nuclear sharing between the United States and South Korea is happening," said Choi Il, a retired South Korean submarine captain.

Persons: ”, Duyeon Kim, Vann Van Diepen, ” Van Diepen, Van Diepen, Choi Il, Josh Smith, Simon Cameron, Moore Organizations: Center, New, New American Security, The U.S ., U.S, Thomson Locations: SEOUL, U.S, South Korea, Washington, North Korea, New American, USS Kentucky Ohio, South, Busan, United States, China, The, An Ohio, West, ”, Korea, South Korean

Seoul, South Korea CNN —For the first time in decades, a nuclear capable US Navy ballistic missile submarine has made a port call in South Korea, in a move that comes just days after North Korea test-fired what it said was a solid-fueled intercontinental ballistic missile. The presence of the Ohio-class ballistic missile submarine in the South Korean port city of Busan was announced by the country’s Defense Ministry on Tuesday afternoon. The NCG is a joint US and South Korean panel set up by the countries’ leaders at a summit in Washington in April. The Nuclear Threat Initiative at the James Martin Center for Nonproliferation Studies estimates that each Trident missile can carry four nuclear warheads, meaning each US ballistic missile submarine could be carrying about 80 nuclear warheads. One arriving in South Korea on a port visit – which must be arranged 24 to 48 hours in advance – would be far more visible, giving North Korea an advantage, Schuster said.

Persons: Kurt Campbell, Kim Yo Jong, Kim Jong Un, ”, Kim, “, James Martin, Joe Biden, Yoon Suk, ” Biden, Biden, Yoon, ” Carl Schuster, ” Blake Herzinger, Schuster, Kim Jong, we’ve, ” Schuster Organizations: South Korea CNN —, North, country’s Defense, US National Security Council, Nuclear Consultative, DPRK, Democratic, Nuclear, James, James Martin Center, Nonproliferation, Trident, South, ROK, US Navy, Pacific Command’s Joint Intelligence Center, Pacific, United States Studies Centre Locations: Seoul, South Korea, North Korea, Ohio, Korean, Busan, Washington, Korea, Democratic People’s Republic of Korea, Pyongyang, United States, Hawaii, –

☆ Main Street's labor problem is weighing on business owners as summer hiring picks up
▼ + stars: | 2023-06-21 | by ( Kate Rogers | ) www.cnbc.com time to read: +2 min

Alison Schuch owns Fells Point Surf Co., with locations in Maryland and Delaware. As summer arrives, Schuch is down about ten workers at her two beach locations as a perfect storm of reasons drive a post-pandemic hiring crunch. With summer hiring season in full swing, small business owners like Schuch have lingering concerns about filling roles to meet consumer demand. Labor quality was the most important problem for nearly a quarter of National Federation of Independent Business members surveyed in May, according to the small business advocacy organization. While owners have concerns about future business conditions and a potential recession, they're still trying to hire and raise wages to entice workers.

Persons: Alison Schuch, Schuch, It's, they're, Brendan McCluskey, he's, McCluskey Organizations: Co, Dewey, Goods, Labor, National Federation of Independent Business, Trident Builders Locations: Maryland, Delaware, Fells Point , Maryland, Dewey Beach , Delaware, Bethany Beach , Delaware, Baltimore , Maryland

[1/2] An unarmed Trident II D5 missile is test-launched from the Ohio-class U.S. Navy ballistic missile submarine USS Nebraska off the coast of California, U.S. March 26, 2018. In a fact sheet on its website, the State Department said it would also stop giving Russia telemetry information - remotely gathered data about a missile's flight - on launches of U.S. intercontinental and submarine-launched ballistic missiles. On Feb. 21, he said Russia would suspend participation, imperiling the last pillar of U.S.-Russian arms control. Signed in 2010 and due to expire in 2026, the New START treaty caps the number of strategic nuclear warheads that the countries can deploy. A Biden administration official said the United States "will continue to adhere to the (treaty's) central limits ... and expect that Russia will continue to do so as well."

Persons: Ronald Gutridge, Vladimir Putin, Biden, Jonathan Landay, Arshad Mohammed, Diane Craft, Berkrot Organizations: Trident, U.S . Navy, REUTERS, WASHINGTON, United, State Department, U.S, Moscow, The State Department, Thomson Locations: Ohio, Nebraska, California, U.S, Handout, United States, Russia, Russian, Moscow, Washington, Ukraine, Kyiv

CompaniesCompanies Law Firms Mondelez International Inc FollowWalmart Inc FollowMay 19 (Reuters) - A federal judge in Illinois has dismissed a lawsuit accusing Mondelez International Inc (MDLZ.O) of deceiving consumers into believing its Trident "Original Flavor" gum contained real mint. U.S. District Judge Iain Johnston said it was "fanciful" to believe reasonable consumers would expect the gum to contain mint or peppermint because its packaging featured an "unnaturally blue" leaf with condensation bubbles. "At most, Trident 'Original Flavor' packaging hints that its flavor is mint, not that its ingredients include mint or peppermint," he added. The lawsuit covered consumers in Illinois and eight other U.S. states, and accused Chicago-based Mondelez of violating various consumer protection laws. The case is Lesorgen v Mondelez International LLC, U.S. District Court, Northern District of Illinois, No.

☆ Fact Check-Ukrainian coat of arms predates use of trident symbol by far-right nationalists
▼ + stars: | 2023-05-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

The Ukrainian coat of arms, a trident, is an official symbol of the country and dates back over a thousand years. The blue shield with a gold trident-like symbol is seen on the Military of Defense of Ukraine site and is currently listed as the country’s official coat of arms (here). FAR-RIGHT NATIONALISTS ADOPTED THE SYMBOLFar-right Ukrainian nationalists during the pre-WW2 era “naturally used symbols that were historically associated with Ukraine,” Mark Pitcavage, senior research fellow at the Anti-Defamation League (ADL) Center on Extremism said, including what is now the Ukrainian coat of arms. The Organization of Ukrainian Nationalists (OUN), was founded in 1929 to “liberate Ukraine from Soviet rule and create an independent Ukrainian state,” according to Reuters reporting from 2015 (here). While far-right Ukrainian nationalists have used the trident symbol, the symbol is from a millennium earlier, is on Ukraine’s coat of arms, and is not proof Zelenskiy is connected to extremists.

☆ Why is the US sending a nuclear submarine to South Korea?
▼ + stars: | 2023-04-27 | by ( Brad Lendon | ) edition.cnn.com time to read: +6 min

Seoul, South Korea CNN —When the presidents of the United States and South Korea this week announced a landmark deal to deter North Korean aggression, one element of the pact stood out. Here’s what you need to know about the submarine and why it’s heading to South Korea. The Nuclear Threat Initiative at the James Martin Center for Nonproliferation Studies estimates that each Trident missile can carry four nuclear warheads, meaning each US ballistic missile submarine could be carrying about 80 nuclear warheads. One arriving in South Korea on a port visit – which must be arranged 24 to 48 hours in advance – would be far more visible, giving North Korea an advantage, Schuster said. Kim’s threats have prompted some in South Korea to call for Seoul to become a nuclear-armed power itself.

SEOUL, April 27 (Reuters) - For the first time since the 1980s a U.S. Navy nuclear-armed ballistic missile submarine (SSBN) will visit South Korea to help demonstrate Washington's resolve to protect the country from a North Korean attack. The visit was announced in a joint declaration during a summit between South Korean President Yoon Suk Yeol and U.S. President Joe Biden in Washington on Wednesday. "That could be a huge pressure on North Korea, because usually they don’t share where those submarines are," said Moon Keun-sik, a retired South Korean submarine captain and squadron leader. The United States has pledged to deploy more so-called "strategic assets" such as aircraft carriers, submarines, and long-range bombers to South Korea to deter North Korea, which has developed increasingly powerful missiles that can hit targets from South Korea to the mainland United States. The submarine visit is also seen as a way to reassure South Korea and quell talk in Seoul of developing homegrown nuclear weapons.

☆ Maserati's going electric while simultaneously reconnecting to its gas-powered past
▼ + stars: | 2023-04-19 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

Next year, Maserati will reveal a fully electric sedan for which they will be no gas-powered version at all. So does Ferrari, Maserati’s sister brand until a few years ago when it was spun off under its own stock symbol. The Maserati Grecale SUV has an aggressive driving feel. Now that the spinoff of Ferrari has left Maserati the company’s only ultra-luxury brand, Grasso feels more is expected, he said. “We can only be at ease when Maserati’s profitability is above Stellantis’s profitability,” he said.

If sealed, this would be the second such deal between major LNG exporter Qatar and the world's no.2 LNG buyer, as Beijing looks to beef up gas supply and diversify its sources in a drive to replace coal and cut carbon emissions. CNPC's talks follow a deal announced last November by China's Sinopec, in which QatarEnergy agreed to supply 4 million tonnes of LNG annually for 27 years, the longest duration LNG supply contract ever signed by Qatar. "This is a good move for CNPC, securing additional long term supply from a reliable and well positioned partner. Sinopec said in November the gas purchase agreement was part of an "integrated partnership", which indicated the Chinese firm could be considering acquiring a stake in Qatar's North Field expansion export facility. Chinese customs data showed the country's imports of Qatari LNG surged 75% last year from 2021 to 15.7 million tonnes, making up a quarter of the nation's total imports, while China's total LNG imports shrank nearly 20%.

☆ A UK nuclear submarine had its broken bolts fixed with superglue, report says
▼ + stars: | 2023-02-01 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

The British Navy launched a probe after finding a " defect" in a nuclear submarine, The Sun reported. Broken bolts on HMS Vanguard's reactor chamber were glued on instead of replaced, the report said. A Royal Navy source told The Sun that the discovery was a "disgrace." Nuclear standards are never compromised." A spokesperson for both the Royal Navy and Babcock did not immediately respond to Insider's request for comment.

☆ 5 symbolic moments you may have missed from Zelenskyy's White House visit and historic address to Congress, from his green sweatshirt to quoting FDR
▼ + stars: | 2022-12-22 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Ukrainian President Volodymyr Zelenskyy gave a historic address to Congress on Wednesday. Zelenskyy made multiple comparisons to World War II and American history during the speech. There were also a few symbolic aspects to Zelenskyy's visit, as well as similarities to historic events. Pelosi also gifted Zelenskyy with a flag — an American flag that flew over the Capitol on Wednesday — in honor of his visit. Comparison to the Battle of the Bulge and Battle of SaratogaZelenskyy again made a comparison to America's role in World War II, invoking the Battle of the Bulge.

☆ Mondelez to Sell Trident, Other Gum Brands for $1.35 Billion
▼ + stars: | 2022-12-19 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Mondelez is selling its gum business in the U.S., Canada and Europe. Mondelez International Inc. said it has agreed to sell Trident , Dentyne and other gum brands in developed markets for $1.35 billion, part of the food company’s plan to focus on chocolates, cookies and other snacks. The buyer is Perfetti Van Melle Group, a candy maker known for global brands such as Mentos and Chupa Chups. Mondelez said the sale price represents a multiple of 15 times current year estimates for earnings before interest, taxes, depreciation and amortization.

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