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March 15, 1997|Times Staff and Wire Reports

H.J. Heinz Co. unveiled its long-awaited restructuring plan, saying it will close or sell at least 25 plants, cut 2,500 jobs worldwide and take a $650-million pretax charge to cover the costs. Separately, Heinz announced record results for its fiscal third quarter. . . . Pacific Enterprises and Enova Corp., which are awaiting regulatory approval of their $4.3-billion merger, agreed to bring together their unregulated businesses to sell energy management services in California and other Western states. . . . The SEC sued Lehman Bros. Inc. over $4.2 million in trading profit the firm seized as collateral from the indicted former chief of Centennial Technologies Inc. . . . Ricki R. Helfer, chairwoman of the Federal Deposit Insurance Corp. since October 1994, is resigning. . . . Premium coffee retailer Starbucks Corp. said it raised prices on its coffee products to reflect higher coffee bean costs around the world.

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