United Brands Co.: The Cincinnati-based food producer...

United Brands Co.: The Cincinnati-based food producer said 1988 net income edged up to a record $60.4 million from $59.4 million in 1987. Sales increased to $3.5 billion from $3.3 billion. The firm said 1988 results were held down by costs of moving its Chiquita Brands and John Morrell headquarters to Cincinnati and by higher interest expense resulting from the issuance of $212.5 million in bonds.