Heineken in the tank

Posted by Nick Trougakos

on February 18, 2009M at 4:11 pm

A report issued today says Dutch beer-maker Heineken has announced plunging profits and will institute cost-cutting measures after poor financial performance this year. The company reported that net income for 2008 fell 74 percent. One thing is clear: the beer industry is far from being in the clear in these economic times.