Starting Jan. 3, General Mills /quotes/comstock/13*!gis/quotes/nls/gis (GIS 36.38, +0.00, +0.01%) plans to raise prices by up to 3% on everything from its frozen vegetables to hot snacks, a move intended to offset commodity inflation and to strengthen gross margins that have taken a hit from price wars. In November, the Minneapolis-based company raised some cereal prices.
http://www.marketwatch.com/story/general-mills-profit-rises-on-tax-benefit-2010-12-16
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