OTHER NEWS - Sept. 11, 1991

Heinz First-Quarter Earnings Up 78%: The diversified food product company reported that its earnings climbed 78% in its fiscal first quarter, but analysts said the results were bloated by a huge gain from the sale of a key division. The Pittsburgh-based company also said it plans to step up a cost-cutting program that will include “significant” job cuts. Heinz reported a profit of $254 million, or 95 cents a share, in the quarter that ended July 31, compared to $143 million, or 54 cents a share, a year earlier. Revenue fell to $1.5 billion from $1.56 billion in the first quarter of 1990.