International Business News - Sara http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Sara Lee Corp. said Wednesday it is selling its U.S. Direct Store Delivery Foodservice coffee business to Farmer Bros. Co. for $45 million. Sara Lee, known for brands such as Jimmy Dean and Hillshire Farm, said the deal is expected to close in the first quarter of 2009. http://www.ibtimes.com/articles/20081203/sara-lee-sells-delivery-coffee-to-farmer-bros.htm Wed, 03 Dec 2008 17:40:18 EST The U.S. Equal Employment Opportunity Commission says a settlement has been reached in a race discrimination lawsuit against the Sara Lee Corp. division in Sioux Falls. http://www.ibtimes.com/articles/20081202/eeoc-bakery-company-settles-discrimination-case.htm Tue, 02 Dec 2008 18:22:37 EST Hewlett-Packard Co. said Wednesday it has expanded its deal with Sara Lee Corp. to help manage the packaged food maker's technology infrastructure. HP said the contract has been extended to 2015 and will include managing technology for Sara Lee throughout North America. The computer company said the deal will involve moving Sara Lee's technology infrastructure to its Atlanta data center. http://www.ibtimes.com/articles/20081126/hp-extends-technology-management-with-sara-lee.htm Wed, 26 Nov 2008 11:23:03 EST Sara Lee Corp. said Wednesday it will exit the kosher meat business and close a facility that processes kosher hot dogs and meat by the end of January. http://www.ibtimes.com/articles/20081119/sara-lee-to-close-kosher-meat-unit-cut-185-jobs.htm Wed, 19 Nov 2008 18:07:53 EST Sara Lee Corp. said Friday that it appointed Thomas S. Shilen Jr. to become the food company's senior vice president and corporate controller. The 49-year-old's appointment will be effective Monday. http://www.ibtimes.com/articles/20081107/sara-lee-names-shilen-as-senior-vp-controller.htm Fri, 07 Nov 2008 14:40:09 EST Analysts say future results at Sara Lee Corp. will be dragged down by weakness in Europe as those economies continue to suffer. Stifel Nicolaus & Co. analyst Christopher Growe wrote in a research note Thursday that Europe had been one of Sara Lee's highest-margin and fastest-growing businesses. About half of its business is overseas. http://www.ibtimes.com/articles/20081106/analysts-say-european-weakness-to-hurt-sara-lee.htm Thu, 06 Nov 2008 19:12:26 EST Sara Lee Corp. said Thursday it has reversed its decision to suspend its buyback program, saying it wants to take advantage of the lower price for its stock. http://www.ibtimes.com/articles/20081106/sara-lee-re-enters-market-to-buy-back-its-shares.htm Thu, 06 Nov 2008 16:38:35 EST Here's a look at how Sara Lee Corp.'s business units performed in the first quarter of the company's fiscal year: North American Retail: Net sales up 10.6 percent to $680 million, on a 2.5 percent jump in volumes and price increases. Top brands were Ball Park hot dogs, Hillshire Farm smoked sausage, and frozen sweet goods. http://www.ibtimes.com/articles/20081105/a-look-at-sara-lees-business-units.htm Wed, 05 Nov 2008 16:07:35 EST Among the stock activity stories for Wednesday, Nov. 5, from AP Financial News: MILWAUKEE (AP)--Shares of Sara Lee Corp. tumbled Wednesday after the company lowered its outlook for the rest of the year because of a stronger dollar and more shares outstanding. http://www.ibtimes.com/articles/20081105/movers-roundup-sara-lee-boston-beer.htm Wed, 05 Nov 2008 14:27:14 EST Among the earnings projection stories for Wednesday, Nov. 5, from AP Financial News: MILWAUKEE (AP)--Sara Lee Corp. lowered its outlook for fiscal 2009 on Wednesday because of a stronger dollar and a higher number of shares outstanding due to the suspension of its buyback plan. http://www.ibtimes.com/articles/20081105/outlook-roundup-sara-lee-dollar-thrifty.htm Wed, 05 Nov 2008 11:38:28 EST Shares of Sara Lee Corp. tumbled Wednesday after the company lowered its outlook for the rest of the year because of a stronger dollar and more shares outstanding. http://www.ibtimes.com/articles/20081105/sara-lee-shares-tumble-on-lowered-2009-outlook.htm Wed, 05 Nov 2008 10:45:20 EST Sara Lee Corp. lowered its outlook for fiscal 2009 on Wednesday because of a stronger dollar and a higher number of shares outstanding because it has suspended its buyback plan. http://www.ibtimes.com/articles/20081105/sara-lee-lowers-2009-outlook-on-stronger-dollar.htm Wed, 05 Nov 2008 09:56:14 EST Sara Lee Corp. managed to increase the North American market share for its namesake breads and other brands in a tough economy during its first quarter, but European sales slumped as consumers started trading down to off-brand products. http://www.ibtimes.com/articles/20081105/sara-lees-fiscal-1q-profit-rises-15-percent.htm Wed, 05 Nov 2008 17:04:45 EST Sara Lee Corp. reports earnings for the first quarter of its fiscal year on Wednesday before the market opens. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20081103/earnings-preview-sara-lee-1q-earns-expected-down.htm Mon, 03 Nov 2008 19:30:02 EST Sara Lee Corp. said Thursday its board approved a regular quarterly dividend of 11 cents a share. The dividend is payable Jan. 8 to shareholders of record Dec. 1. http://www.ibtimes.com/articles/20081030/sara-lees-board-oks-dividend-of-11-cents-a-share.htm Thu, 30 Oct 2008 13:35:41 EDT Sara Lee Corp., the maker of Jimmy Dean sausages, Hillshire Farm deli meats and Sara Lee breads, is holding its annual meeting Thursday. Shareholders will be eager to hear how the company's turnaround plan is progressing. In the most recent fiscal year, Sara Lee posted a loss of $102 million, or 14 cents per share. Like many others companies in the food industry, Sara Lee is being hurt by high costs for key ingredients like corn and oil. The loss in the company's fiscal 2007 year compared with a profit of $504 million, or 68 cents per share, the previous year. http://www.ibtimes.com/articles/20081030/ahead-of-the-bell-sara-lee-holds-annual-meeting.htm Thu, 30 Oct 2008 07:42:43 EDT Sara Lee Corp. said Wednesday it agreed to acquire Cafe Moka, a coffee business in Brazil. Financial terms were not disclosed. The deal is expected to close in October. http://www.ibtimes.com/articles/20080917/sara-lee-to-acquire-brazilian-coffee-business.htm Wed, 17 Sep 2008 09:58:46 EDT Brenda Barnes, the chief executive of Sara Lee Corp. received compensation valued at nearly $10.5 million for its most recent fiscal year, a 15 percent increase from the previous year, according to regulatory filings Tuesday. http://www.ibtimes.com/articles/20080916/sara-lee-ceo-barnes-gets-10-5m-pay-in-fiscal-2008.htm Tue, 16 Sep 2008 16:58:59 EDT Richelieu Foods Inc. said Tuesday it has bought the Sara Lee foodservice sauce and dressings business. Terms of the deal were not disclosed. The transaction closed Aug. 30. http://www.ibtimes.com/articles/20080902/richelieu-foods-buys-sara-lee-sauce-business.htm Tue, 02 Sep 2008 11:12:25 EDT Shares of Sara Lee Corp. soared Friday as analysts increased their outlook for future years and said it is evident the company is still maintaining volumes as it passes on price increases to consumers. http://www.ibtimes.com/articles/20080808/sara-lee-shares-gain-as-analysts-raise-predictions.htm Fri, 08 Aug 2008 13:06:55 EDT