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Wednesday Apr 30

Kraft Foods profit falls 13 percent in first quarter

“Our brands got stronger, our market share increased, our investments continue to pay off, and our margins improved sequentially from the fourth quarter”

Kraft Foods Inc., the nation's largest food and beverage maker, said Wednesday its first-quarter earnings dropped 13 percent amid higher costs for the ingredients that go into its products.The profit decline ... via WJLA-TV Arlington

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