General Mills, Inc.

News and overview for General Mills, Inc.

Midwest Insider Trading
Star Tribune (Minneapolis-St. Paul, Minn.) | 21 hours 21 minutes ago
3M Co. Robert MacDonald III officer Exercised options: 5,642 Price: $61.85 - $61.90 Date: Nov.


General Mills looks online for food innovators
American City Business Journals | 19 days 4 hours 18 minutes ago
General Mills Inc. has unveiled a Web portal for people interested in building better Cheerios.


Smart Choices labels lead to litigation over health benefits
Dallas Morning News, The | 4 days 20 hours 48 minutes ago
The backlash against the food industry's attempt to boost sales through "Smart Choices" labels is moving into the courts, and it may end only with the imposition of new, uniform nutrition labels on all processed food.Food companies are backpedaling from the labels they affixed to many products over the last year, labels that promised such benefits as lowering cholesterol or boosting the immune system.


General Mills shelves SmartChoice program
American City Business Journals | 24 days 7 hours 13 minutes ago
Golden Valley-based food maker General Mills Inc. announced they would no longer participate in the Smart Choices labeling program after the program was criticized for misleading consumers about the nutritional value of some foods.


ANA Elects Board Members
MediaPost Communications | 13 days 16 hours 17 minutes ago
The Association of National Advertisers has elected 10 professionals to its board of directors. They are: Mark W. Addicks, SVP, CMO, General Mills, Inc.


Unilever to stop using healthy food logos while FDA develops standard criteria for labels -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 27 days 22 hours 57 minutes ago
ENGLEWOOD CLIFFS, N.J. (AP) — Unilever PLC said late Monday it has decided to phase out use of the Smart Choices logo on its food and beverage products now that the Food and Drug Administration plans to standardize criteria for food nutrition labels.


Kraft Quarterly Results Could Make a Case to Cadbury
ABC News | 20 days 17 hours 20 minutes ago
CHICAGO (Reuters) - Kraft Foods Inc will need to show progress in cutting costs and improving organic revenue when it reports earnings on Tuesday, in a bid to convince Cadbury shareholders it is a viable deal partner.


Unilever to stop using healthy food logos while FDA develops standard criteria for labels
Orlando Sentinel (Fla.) | 27 days 22 hours 59 minutes ago
ENGLEWOOD CLIFFS, N.J. (AP) — Unilever PLC said late Monday it has decided to phase out use of the Smart Choices logo on its food and beverage products now that the Food and Drug Administration plans to standardize criteria for food nutrition labels.


Kraft quarterly results could make a case to Cadbury
Reuters | 20 days 17 hours 14 minutes ago
CHICAGO (Reuters) - Kraft Foods Inc (KFT.N) will need to show progress in cutting costs and improving organic revenue when it reports earnings on Tuesday, in a bid to convince Cadbury (CBRY.L) shareholders it is a viable deal partner.


Industry halts food label program over FDA concern
Forbes | 31 days 3 hours 48 minutes ago
PORTLAND, Ore. -- The Smart Choices nutrition labeling program, created voluntarily by nine large U.S. manufacturers, is halting after federal regulators said such systems could mislead consumers, officials with the labeling group said Friday.


Industry backs off food labels after FDA criticism
Forbes | 31 days 24 minutes ago
PORTLAND, Ore. -- A food industry group is voluntarily halting promotion of its nutrition labeling program after federal regulators said such systems may be misleading consumers, officials with the group said Friday.


Stocks on the move: Aeropostale, CareFusion, Dynegy, MetroPCS
Oakland Tribune (Calif.), The | 18 days 4 hours 59 minutes ago
By Lynn Thomasson and Mary Childs BLOOMBERG NEWS Shares of the following companies are having unusual moves in U.S. trading this morning.


Wire Business News
Sacramento Bee (Calif.), The | 27 days 22 hours 43 minutes ago
ENGLEWOOD CLIFFS, N.J. -- Unilever PLC said late Monday it has decided to phase out use of the Smart Choices logo on its food and beverage products now that the Food and Drug Administration plans to standardize criteria for food nutrition labels.


Unilever to phase out Smart Choices labels
Seattle Times, The | 27 days 22 hours 53 minutes ago
ENGLEWOOD CLIFFS, N.J. Unilever PLC said late Monday it has decided to phase out use of the Smart Choices logo on its food and beverage products now that the Food and Drug Administration plans to standardize criteria for food nutrition labels.


Food-Makers Promote Bad Eating Habits
Hartford Courant (Conn.), The | 13 days 22 hours 8 minutes ago
Choosing fat-saturated mayonnaise and sugar-laden Froot Loops and ice cream seems more suspect than nutritionally smart.





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Company Overview


Company: General Mills, Inc.
Industry: Pastas & Cereals
Website: http://www.generalmills.com

General Mills gets its Kix trying to grab the spotlight as the US's #1 breakfast cereal maker (wrangling for the top spot every year with uber-rival Kellogg). But #1 or not, the company has supermarket-aisles-full of kid-friendly products. Its Big G Cereals include the well-known brands Cheerios, Chex, and Wheaties. Its products are manufactured in 15 countries and available in more than 100. General Mills operates 70 production facilities (down from 79 in 2008, the closures were a cost-controlling measure) -- 44 in the US, 11 in the Asia Pacific region, three in Canada, seven in Europe, four in Latin America and Mexico, and one in South Africa.


Key Numbers

Sales in U.S. Dollars (mil.) 14,691.3 (2009)
One-year % Growth in Sales 7.6 (2009)
Net Income in U.S. Dollars (mil.) 1,304.4 (2009)
One-year % Growth in Net Income 0.7 (2009)
Number of Employees 30,000 (2009)
One-year % Growth in Number of Employees 1.7 (2009)
Fiscal Year-End May