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Kraft Foods earnings, sales fall in fiscal ‘12
date:Feb 16, 2013
es segment to $2,734 million.

In addition to the release of its financials, Kraft unveiled a new, comprehensive strategy for post-employment benefits designed to improve transparency, simplify accounting, and reduce funding volatility.

Tim McLevish, executive vice-president and chief financial officer, elaborated on the strategy during the conference call. First, the company will move to mark-to-market accounting for post-employment benefit obligations, a move he said will lower Krafts ongoing

12/25 01:42