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General Mills profit beats estimates due to cost cuts

2014-12-18 06:31:44| Food - Topix.net

General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, reaffirmed its full-year forecast and reported a better-than-expected profit as it cut costs to battle weak sales in the United States. General Mills has embarked on a cost-saving program that aims to save more than $400 million in fiscal 2015.

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