THE NEWS: Kraft Foods Inc. is moving its stock listing to the Nasdaq from the New York Stock Exchange to cut costs.
THE BACKGROUND: The move comes as the packaged foods maker prepares to split into two publicly traded companies later this year.
THE DETAILS: Both companies will trade on the Nasdaq after the split as well. One company will focus on North American grocery brands and be called Kraft Foods Group Inc., with the symbol "KRFT." Mondelez International Inc. will focus on global snack brands and trade under the symbol "MDLZ."