News on Sara Lee Corporation

CBS names Sara Lee executive as top accountant

2010-03-01T12:33:33Z

<div id="subtitle">CBS names Sara Lee executive Thomas S. Shilen Jr. as top accountant</div><div><p>CBS Corp. said Monday it has named Sara Lee Corp. executive Thomas S. Shilen Jr. as controller and chief accounting officer.</p><p>Shilen, 50, has served as a senior vice p...

Fitful recovery tests consumer goods makers in 2010

2010-02-22T09:49:38Z

<div><p>CHICAGO (Reuters) - The world's biggest food companies and household products makers face a selective return to consumer spending in 2010, testing their resolve to avoid promotions and suggesting more industry mergers to come.</p><p>Their strategies to cope with a slow and fitful recovery will be the focus of the Consumer ...

On the Call: Sara Lee CEO Brenda Barnes

2010-02-22T11:46:46Z

<div id="subtitle">Sara Lee CEO Brenda Barnes discusses the bakery category</div><div><p>Food and beverage maker Sara Lee Corp. reported a fiscal second-quarter profit on Thursday. The company is facing moderating commodity costs and has lowered some of its prices in the highly competitive bakery segment.<...

Sara Lee's fiscal 2nd-quarter earnings at a glance

2010-02-22T11:48:14Z

<div id="subtitle">Sara Lee's fiscal 2nd-quarter earnings by category at a glance</div><div><p>Sara Lee Corp. reported a profit in the second-quarter versus a year-ago loss, helped by cost cutting. Sara Lee has shed several lines to focus on its core food and beverage business and improve its profitability.</p><p>It earned $371 million in the...

Cost cuts help Sara Lee report fiscal 2Q profit

2010-02-22T11:56:56Z

<div id="subtitle">Sara Lee reports 2nd-quarter profit, helped by cost cutting</div><div><p>Food maker Sara Lee Corp. said Thursday that cutting costs helped it report a profit for its second quarter, compared with a $17 million loss a year earlier, though its revenue was flat and volume edged down.</p><p>The maker of Sara Lee products are seen on display at Costco in Mountain View, Calif. Food maker Sara Lee Corp. said Thursday, Feb. 4, 2010, cost cuts helped it report a fiscal second-quarter profit on flat revenue. The company is raisi...

Food makers Kellogg, Sara Lee hit on pricing worry

2010-02-22T11:52:17Z

<div><p>CHICAGO (Reuters) - Concerns that food makers would overdo price cuts to lure cautious consumers weighed on Kellogg Co &lt;K.N&gt; and Sara Lee &lt;SLE.N&gt;, even th...

Earnings Preview: Sara Lee Corp.

2010-02-22T12:31:36Z

<div id="subtitle">Sara Lee Corp. to report 2Q results Thursday</div><div><p>Sara Lee Corp., maker of Jimmy Dean sausages, Hillshire Farm deli meats and its namesake baked goods, reports its second-quar...

Sara Lee to cut salt content by 20 pct

2010-02-23T15:05:58Z

<div id="subtitle">Sara Lee to cut salt in Jimmy Dean Sausages, Ball Park hot dogs by 20 pct over next 5 years</div><div><p>Sara Lee Corp. said Wednesday it plans to cut the salt in certain products by 20 percent over the next five years, in response to consumer requests for less salt.</p>&...

Procter & Gamble buys Sara Lee's Ambi Pur business

2010-02-23T17:37:55Z

<div id="subtitle">Procter &amp; Gamble to buy Sara Lee's unit Ambi Pur for $470 million</div><div><p>Procter &amp; Gamble Co. is buying Sara Lee Inc.'s Ambi Pur air freshener business for $320 million euros, or $470 million.</p><p>The deal adds strength for consumer-products giant P...

P&G repurchasing shares, quiet on potential deals

2010-02-24T02:48:55Z

<div><p>CHICAGO (Reuters) - Procter &amp; Gamble Co &lt;PG.N&gt; does not see acquisitions as a core part of its growth plan and has started to buy back shares again, Chief Financial Officer Jon Moeller said on Friday.</p&...

Report: S.C. Johnson may be eyeing Sara Lee unit

2010-02-24T04:08:39Z

<div id="subtitle">S.C. Johnson may be vying with P&amp;G for Sara Lee air-freshner business, says WSJ report</div><div><p>S.C. Johnson &amp; Son Inc. may be eyeing Sara Lee Corp.'s air-freshner business, according to a published report Tuesday.</p><p...

Sara Lee appoints chief information officer

2010-02-24T07:13:55Z

<div id="subtitle">Sara Lee promotes Anne Teague to position of chief information officer</div><div><p>Sara Lee Corp. said Tuesday it has appointed Anne Teague as chief information officer, effective immediately.</p><p>Teague will be based in Utrec...

Sara Lee raises forecast, shares hit year high

2010-02-24T08:58:01Z

<div><p>CHICAGO (Reuters) - Sara Lee Corp &lt;SLE.N&gt; posted higher-than-expected quarterly earnings and raised its full-year earnings forecast on Thursday, and its shares rose 3.5 percent.</p><p>The company also said it w...

Sara Lee 1Q profit, outlook up, though sales fall

2010-02-24T09:37:58Z

<div id="subtitle">Sara Lee first quarter profit up, company raises outlook for full year though sales fall</div><div><p>Sara Lee Corp., with leaner operations and more profitable product line, reported that its first-quarter profit jumped 23 percent and raised its outlook for the year.</p><p>The maker of products such as SARA LEE </h1><p>Shares of Sara Lee jumped as much as 8% on Sept. 25, to 11.36, on news that the company's global body care and European detergents businesses would be purchased by Unilever for almost $1.9 billion. The same day, Sara Lee's board authorized a $1 billion share repurchase pro...

KB Home, Sara Lee, Brunswick are among big movers

2010-02-25T04:32:27Z

<div id="subtitle">KB Home, Sara Lee, Brunswick, AmeriCredit are among big market movers Friday</div><div><p>The following stocks were among those that moved substantially or traded heavily Friday on the

Sara Lee shares up on European sale news

2010-02-25T02:38:00Z

<div id="subtitle">Sara Lee shares rise on announcement of sale of some European units</div><div><p>Shares of Sara Lee Corp. rose on Friday after the maker of Ball Park franks and Jimmy Dean sausages said it has reached an agreement t...

Unilever pays 1.3 billion euros for Sara Lee brands

2010-02-25T02:51:27Z

<div><p>LONDON/CHICAGO (Reuters) - Sara Lee Corp &lt;SLE.N&gt; will sell its personal care brands like Sanex and Brylcreem for $1.87 billion (1.275 billion euros) to consumer goods giant Europe's main stock markets recovered a little on Friday as investors focused on a Group of 20 summit that looks likely to strike a deal on curbing bankers' bonuses.</p><p>The FTSE 100 index rose 0.61 percent to 5,110.03 points in late morning London deals.</p&...