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General Mills first-quarter profit falls to $397 million from $1.2 billion

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  • General Mills reported lower fiscal first-quarter profit and sales while pursuing cost reductions and new products.
  • General Mills earned $397 million, or 74 cents a share, versus $1.2 billion previously.
  • General Mills is working to regain business by cutting costs and launching products.
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General Mills first-quarter profit falls to $397 million from $1.2 billion - CoinPost Terminal