Heinz Profit Falls; Co. to Close Three Factories

H.J. Heinz reported earnings fell 6 percent to $237 million in the quarter ended Oct. 26 from a year ago, while sales climbed 8 percent to $2.83 billion, the Wall Street Journal reported online. While it expects to close three factories due to the difficult operating environment, Heinz said in a release that it is launching several new products designed to cater to cash-strapped consumers.

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