Higher PROFIT: H.J. Heinz Co.'s net income increased by 16% in summer million, or 69 cents per share, for the quarter.
Job losses: the company announced Thursday that il will shed up to 1,000 jobs globally in 2012 tax that il farm five plants. Heinz has 37,000 workers worldwide.
PRICES: the company, as most of the manufacturers of food, has already raised prices on some items to account for the rising ingredient costs but will make more increases in the future.
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