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Philip Morris Cos. said it raised the price of its Maxwell House coffee, matching an increase announced earlier by rival Procter & Gamble Co. for its Folgers brand. The increases follow a surge in the price of coffee beans because of concern that dry weather will leave next year’s crop in Brazil, the world’s biggest grower, much smaller than previously expected. The price of a 13-ounce can of regular ground Maxwell House coffee was raised by 30 cents to $2.51, effective immediately.

* H.J. Heinz Co. said its operating profit rose 6.6% in its fiscal second quarter to $234.8 million, or 65 cents a share, a penny higher than analysts expected, in the wake of a worldwide restructuring program. Sales were virtually flat at $2.34 billion. Heinz also said it plans to take all charges from its $900-million restructuring by the end of fiscal 2001, a year earlier than planned.

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