Detailed text transcripts for TV channel - FOXNEWS - 20110526:20:12:00
More and heinz knows it, they may have poured on the profits but higher commodity costs put on the squeeze, so much that the company is announcing 1,000 job cuts and westerning of higher prices to come. and now the heinz c.e.o. >> commodity costs are increasing all over the globe and with fuel prices up virtually the price of everything we put in our products has increased so we have to offset it and the way we offset it obviously is to price up and take as much cost out to remain competitive. >>neil: you absorbed it in the latest quarter and some were surprised. you think that is tough to rep...