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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| July 02, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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