Heinz reports fourth quarter earnings drop amid charges
Pittsburgh AP Heinz Co posted a 7 percent fall in after tax Q4 earnings to 56 cents a share on sales of 1.87 billion as higher marketing costs and a 50 million restructuring charge weighed on results. Full year profit rose 12.4 percent to 638.3 million on sales of 6.58 billion, aided by gains from asset sales and acquisitions including JL Foods and Hubinger.
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Westinghouse to analyze Bulgaria nuclear plants
Westinghouse Electric Corp with two Spanish firms will provide engineering and safety analysis for four Kozloduy reactors in Bulgaria under a 12 million dollar EC funded program. The effort aims to upgrade aging reactors to Western safety standards, amid broader Eastern Europe nuclear safety concerns following Chernobyl.
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