The Bottom Line
Kraft Foods, the worldâ€™s No. 2 food maker, reported a 6.3 percent dip in fourth-quarter profits, to $585 million, which it attributed to higher marketing costs and rising dairy prices.
Kraft Foods, the world’s No. 2 food maker, reported a 6.3 percent dip in fourth-quarter profits, to $585 million, which it attributed to higher marketing costs and rising dairy prices. Cheese accounts for about 20 percent of Kraft’s revenue. “Commodities are a headwind,” said John Sini at Douglas C. Lane & Associates in New York. (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 43 TV shows to watch in 2014
- How liberals are unwittingly paving the way for the legalization of adult incest
- Watch out, China — America is working on dogfighting drones
- Why you probably don't have Ebola — even if you shook hands with America's 'patient zero'
- Libertarianism's terrible, horrible, no good, very bad idea
- How the Simpsons/Family Guy crossover revealed the worst of both shows
- Ted Cruz is the new Sarah Palin
- 6 things the happiest families all have in common
- Why America won't have enough money to battle ISIS
Subscribe to the Week