Financial Accounting Blog

Tuesday, November 25, 2003

The MSNBC reports that H.J.Heinz quarterly earnings fell 10 percent
"In line with Wall Street expectations, reflecting the spin-off of some underperforming units in December. In December, Heinz spun off about a fifth of its business, including its tuna, pet and baby food divisions, to Del Monte Foods Co. to focus on core products like condiments. "