Tuesday, January 29, 2008

"Tyson Foods Will Raise Prices Substantially"

"We have no other choice but to raise prices substantially," CEO Richard Bond said in a conference call. "We are raising prices because we can't absorb these costs. Despite concerns about the economy, people have to eat, and they will continue to eat protein." Tyson Foods Inc. reported Monday its quarterly profit fell 40% from a year ago

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