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FOOD
ConAgra profit up despite costs
The packaged food firm earned 40 cents a share in Q4, up 43% from the year before. Earnings included expenses from efficiency programs. Sales rose 11% to $4 bil. The maker of Hunt's ketchup and Healthy Choice foods raised prices on some of its retail brands to offset escalating commodity costs. Shares fell 1%.
Monterey Pasta falls on outlook
The pasta maker's shares fell 3% to 3.52 after it said it expects to lose 2-4 cents a share in Q2. Monterey Pasta cited weak U.S. demand for pasta along with higher ingredient prices and rising workers' comp costs. Two weeks ago, American Italian Pasta announced job cuts due to weak ...