Price Increases Lift Profit at General Mills
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The food maker General Mills reported a slightly higher profit in its latest quarter on Wednesday, as stronger sales offset rising costs for ingredients and price increases did not faze consumers.
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General Mills Inc , on Wednesday posted a 1 percent increase in quarterly profit, as higher sales were partially offset by more expensive marketing and a pizza recall.
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Kellogg Co. on Monday said quarterly profit rose a better than expected 7 percent, as the world&#39;s largest cereal maker was helped by strong sales of new products and a weaker US dollar.
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General Mills Inc , the world's second-biggest maker of breakfast cereal, on Wednesday said profit rose 8.2 percent, helped by a move to reduce the size of cereal boxes and charge consumers more per ounce.
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General Electric Co.'s GE.N  third-quarter earnings inched up 1 percent as strength across  many of its financial and industrial businesses outweighed  hurricane-related insurance losses, the company said on Friday.
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Deere & Co  said on Wednesday its  fiscal first-quarter earnings rose a better-than-expected 55  percent, as soaring crop prices boosted demand for agricultural  equipment across the globe.
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General Mills Inc. GIS.N, the   world's second-largest maker of breakfast cereals, on Thursday   reported a 6 percent rise in quarterly profit, beating Wall   Street estimates, as stepped-up marketing efforts helped boost   sales of Cheerios and other products.
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General Electric Co., the world&#39;s largest company by market value, said third-quarter profit rose 11 percent as acquisitions and economic growth spurred the biggest quarterly sales increase in four years.
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General Electric Co.  on Friday posted an 18 percent rise in quarterly profit, driven by broad-based growth as it received new aircraft engine service contracts and had solid orders for ultrasound equipment.
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General Electric Co.  posted a 9.6 percent rise in quarterly profit Friday on good results in its commercial finance business and strong demand for products ranging from jet engines to gas turbines.
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General Mills Inc. GIS.N, the world's   second-largest maker of breakfast cereal, on Thursday said   quarterly earnings rose, helped by sales of ready-to-serve   soups and improved plant operations.
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Investment manager T. Rowe Price Group  Inc. TROW.O on Tuesday said its quarterly profit jumped 25  percent on an increase in investment advisory revenue.
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Bakery company Flowers Foods Inc. , whose brands include Nature's Own, posted better-than-expected quarterly profit on Thursday, helped by price increases and stronger sales of higher-priced items.
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General Electric Co.  said on Tuesday that it was raising its quarterly dividend by 12 percent, and that it expects to report a profit of $2.17 to $2.23 per share in 2007.
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General Electric today reported third-quarter earnings of $4.051 billion, an increase of 1 percent from the same quarter last year.
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General Electric Co. GE.N on Friday  said third-quarter earnings rose as profit gains across many of  its financial and industrial businesses outweighed  hurricane-related costs.
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LONDON : Drinks giant Diageo said it had raised 2.26 billion dollars (1.84 billion euros) from the sale of 49.9 million shares in US food company General Mills Inc.