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U.S. stocks rose on Wednesday after mixed economic reports.
June 25- General Mills Inc, maker of Cheerios cereal and Betty Crocker baking products, said it would launch healthier products and revamp and promote its existing ones to revive sales that have slipped for three straight quarters.
*Monsanto rallies after results; General Mills lower. *Medical Action almost doubles, Owens& Minor to buy.
Take a look at some of Wednesday's midday movers.
*Monsanto rallies after results, General Mills lower. NEW YORK, June 25- U.S. stocks edged higher on Wednesday as investors continued to find value in equities over other asset classes despite the latest economic data coming in below expectations.
*Investors watching Iraq violence; crude prices rise. *Monsanto rallies after results, General Mills lower. NEW YORK, June 25- U.S. stock index futures pointed to a lower open on Wednesday as the latest economic data came in below expectations, giving investors further reasons to take profits amid ongoing tension in Iraq.
Check out which companies are making headlines before the bell.
U.S. stock index futures pointed to a higher Wall Street open, ahead of the release of the final estimate for first-quarter GDP.
June 25- General Mills Inc, maker of Cheerios cereal and Betty Crocker baking products, reported a quarterly profit that fell short of market estimates largely due to higher commodity costs.
General Mills reported a 10.4 percent rise in quarterly profit, helped by lower costs.
June 25- General Mills Inc reported a 10.4 percent rise in quarterly profit, helped by lower costs. Net income rose to $404.6 million, or 65 cents per share, in the quarter, from $366.3 million, or 55 cents per share, a year earlier. The company, whose brands include Cheerios cereals and Betty Crocker baking products, said net sales fell 2.8 percent to $4.41 billion.
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June 18- ConAgra Foods Inc warned that its adjusted fourth-quarter profit would be lower than its forecast, as the company struggles with its big push into private-label foods and sales fall in its consumer foods business. The company's shares fell as much as 7.4 percent to $30.41 on the New York Stock Exchange on Wednesday.
If China's consumers slow their retail purchases, U.S. companies with Chinese market ties may take hits to sales.
WINNIPEG, Manitoba, June 10- Grain handlers are lobbying the Canadian government for even stricter rules requiring railroads to allocate thousands of railcars to them each week in hopes of stopping an unprecedented crop logjam from getting worse.
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The Environmental Working Group, a Washington, D.C.- based health information non-profit, said its report covers more than 1,500 cereals, including 181 marketed to children. "But there is a lot that manufacturers can be doing and FDA can be doing, to protect kids." The group said one of the worst offenders is Kellogg Co.' s Honey Smacks, with 56 percent sugar by weight.
TIPTON, Indiana, May 13- Fiat Chrysler Automobiles Chief Executive Officer Sergio Marchionne said the company will be much stronger than it is today at the end of his plan to sell 7 million cars by 2018, even if it misses the targets he set forth last week. long used to advertise a brand of canned and frozen vegetables produced by General Mills.
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