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Kraft’s Sees Big Increase In Earnings

Processed food giant Kraft had great earnings this past quarter. February 22, 2012- Earnings for the fourth quarter increased 54% at Kraft Foods Inc., the company reported Monday. Income was helped by higher prices nevertheless, an increase in costs cut into its margins. Kraft said they have launched new products that have been successful and that has helped to stave off some of the weakness in the market. Irene Rosenfeld, the CEO of Kraft said, “Our portfolio is broad enough and enough of it has... 
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