In the Region

Phila. snack food plant closes

Mondelez, the $35 billion food giant that makes Oreo cookies, Ritz crackers, Cadbury candies, Trident gum and other brands, last week stopped production at its North Philadelphia bakery at Roosevelt Boulevard and Byberry Road, idling the last of 350 workers and hundreds of drivers who shipped its products under the Nabisco, Standard Brands and Kraft corporate labels. Crews are cleaning the plant and the company is actively trying to sell it, company representative Tracy Mihaz said Tuesday. Mondelez said it was moving the work to more modern plants in Fair Lawn, N.J.. and Richmond, Va. Mondelez earned more than $3 billion in profits last year for investors, including billionaire activist investor Nelson Peltz's Trian Global Partners. - Joseph N. DiStefano

Genex buys case manager

Genex Services L.L.C., a Wayne provider of workers compensation clinical services, said it acquired Integrated Care Management, an Alpharetta, Ga., company that manages cases for the workers compensation and disability insurance markets. The price was not disclosed. Including 150 Integrated Care employees, Genex employs more than 2,800 at 47 locations in North America. The company says its customers include 381 members of the Fortune 500. - Harold Brubaker

One more race for Axalta

Philadelphia-based paint manufacturer Axalta Coating Systems and NASCAR star Jeff Gordon said the racer will use the iconic rainbow paint scheme for the final time on Aug. 22 in Bristol, Tenn. A four-time champion in stock car racing's best circuit, Gordon plans to retire after this season. He gained most of his fame driving a car with a multi-colored rainbow on the hood. The rainbow wrapped around the word "DuPont," which was his team's main corporate sponsor. The Carlyle Group bought Wilmington-based DuPont's performance paint division in 2013 and renamed the company Axalta. - David Sell

Teleflex recalls medical device

Teleflex Inc. of Wayne said that it has recalled certain resuscitators and notified domestic and foreign hospitals. The U.S. Food and Drug Administration has classified the voluntary medical device recall of the firm's Hudson RCI Lifesaver Neonate manual resuscitator as a Class 1 recall. FDA defines Class I recalls as "a situation in which there is a reasonable probability that the use of or exposure to a violative product will cause serious adverse health consequences or death." Teleflex is recalling the products because the intake port may be blocked, which can cause the bag to fail to fill. No patient injury or harm has been reported, however a delay in treatment may occur while another resuscitator is obtained. A delay in treatment may potentially lead to adverse consequences such as oxygen deficiency. - Inquirer staff report


Donna Karan stepping down

One of the most important designers in the history of American fashion, Donna Karan, is stepping down as chief designer of Donna Karan International, Women's Wear Daily reported. Karan, 66, plans to devote greater time to her Urban Zen company and foundation, but will remain a close adviser to DKI under a long-term agreement, according to the company. The designer created a modern system of dressing for legions of successful women, while establishing a tremendous rapport with her customers, which continues to this day. Karan co-founded DKI with her late husband Stephan Weiss and Takiyho Inc. in 1984. - Inquirer staff report

Willis-Towers Watson merging

Willis Group Holdings Plc, the third-largest insurance broker, agreed to merge with Towers Watson & Co. to add consulting operations and help take on larger U.S. rivals. Shareholders of the broker will own 50.1 percent of the combined company, which will be based in Ireland, lowering taxes for U.S.-based Towers Watson. Investors of the consulting company will get 2.649 Willis shares and a one-time cash dividend of $4.87 for each share they own, the companies said. Based on the broker's closing price Monday, the deal values Towers Watson at about $8.7 billion. - Bloomberg News

Disney gets first female CFO

Walt Disney Co. promoted Christine M. McCarthy to be its first female chief financial officer, making her the company's highest ranking woman ever. The appointment is effective immediately, Burbank, Calif.-based Disney said in a statement. McCarthy, 60, was executive vice president and treasurer, overseeing corporate real estate in addition to her financial role. - Bloomberg News

Apple loses e-book case

A federal appeals court sided with regulators who said Apple was guilty of conspiring to drive up the price of e-books. Calling Apple's transgressions "the supreme evil of antitrust," the New York-based U.S. Court of Appeals for the Second Circuit upheld, in a 2-1 decision, a ruling that Apple had conspired in 2010 with five major book publishers to fix e-book prices. The publishers - Harper Collins, Penguin, Simon & Schuster, Hachette and Macmillan - all settled with the Justice Department, which had accused them and Apple of "horizontal price-fixing" with the aim of breaking online retailer Amazon's hold on e-book prices. - Washington Post