H.J. Heinz Co., the number one ketchup maker, announced better-than-expected profits by raising prices and selling more soup and pasta. Apparently the foreign exchange rates reduced the amount of profits due to the strong dollar.
Thomson Reuters Corporation, the financial news and data provider, showed a 51 percent increase in profit after the their recent merger. Furthermore, they are expected to continue to grow in 2009. It’s good to know that peddling data seems to be recession-proof.
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