Kraft to move to Nasdaq, drops KFT ticker

Filed under: AM Roundup |

Kraft Foods is moving from the New York Stock Exchange to the Nasdaq and retiring the “KFT” ticker, said the Chicago Tribune.

The move is designed to save money and promote its brands.

The Chicago-based package food company also plans to spin off its North American grocery business  to create a global snacks company.

Read more at the Chicago Tribune.