In a year that saw the return and rapid acceleration of cost inflation for various food ingredients and energy, Kendall Powell, chairman and chief executive officer of General Mills, happily reported to investors that the company was still able to grind out a 4% profit. “We're generally pleased with our 2011 sales and profit results, which met the key targets we set for the year and represent performance consistent with our long-term growth model,” he said. General ...

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