To get an idea of how a higher prices for commodities and a
competitive European food market are hurting companies' bottom
lines, one only has to look at the financial results published by
threecompanies this week.
ConAgra Foods has blamed higher pork and beef costs and the
company's failure to compensate by raising prices sufficiently as
the main reasons for lowering its profits forecast by about
one-third for the fiscal fourth quarter...
The largest wholesale bakery in the United States, Interstate
Bakeries, has filed for bankruptcy amid a tide of mounting debts,
rising costs and falling sales, but the company's new fix-it
specialists have vowed that the show...