Archives for May 3, 2012

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Higher prices boost Kraft profit in Q1

By Caroline Scott-Thomas

Kraft Foods reported a 1.8% increase in first quarter profit after it raised prices for its products around the world and increased sales of its ‘power’ brands, particularly in developing markets.

GLG Life Tech receives cease trade order

By Caroline Scott-Thomas

Stevia supplier GLG Life Tech has stopped trading on the Toronto Stock Exchange after it received a full cease trade order from the British Columbia Securities Commission, due to delayed filing of its year-end financial statements and related documents.