Also . . .

General Mills Inc. said profit rose 14% in its fiscal fourth quarter to $104.8 million, or 67 cents a share, a penny higher than analysts expected. Revenue rose 3% to $1.6 billion, with strength in its breakfast cereals and new products such as Go-Gurt yogurt in a squeezable tube. The company boosted U.S. cereal sales by 2.8%, even as industry leader Kellogg Co. showered retailers and customers with record levels of coupons and other promotions to win back sales lost to lower-priced cereals. General Mills gets about half its profit from cereals.

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Dean Foods Co. said its fiscal fourth-quarter earnings rose 10% to $27.1 million, or 68 cents a share, as dairy profits increased. Revenue rose 21% to $1 billion. Dean Foods is the nation’s largest dairy processor.

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ITT Industries Inc. of White Plains, N.Y., the world’s largest maker of industrial water pumps, said it has completed its $400-million restructuring and expects to post double-digit earnings increases for the next four years while pursuing strategic acquisitions. ITT told Wall Street analysts that earnings per share should grow 14% to 16% over the next four years, boosted by annual sales growth of 8% to 10%. ITT shares fell 75 cents to close at $38.25 on the New York Stock Exchange, off a 52-week high of $41.50 but up from a low of $29.50.

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Covington, Ky.-based Omnicare, the largest U.S. provider of pharmacy services to nursing homes, said it will cut 1,700 jobs, or 8.5% of its work force, and take $21 million in charges over the next four quarters because of lower revenue.

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