Sara Lee to sell European meat unit to Smithfield
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Sara Lee Corp.  on Tuesday said  it has entered into an agreement to sell its European meats  business to Smithfield Foods Inc.  for &#36;575 million in  cash and the assumption of &#36;39 million in pension and other  liabilities.
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CHICAGO - Sara Lee Corp.&#39;s earnings climbed 53 percent in the first fiscal quarter, boosted by a delayed payout from the sale of its European tobacco business, the packaged-foods and apparel company announced Tuesday.
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Smithfield Foods Inc., the world&#39;s largest hog producer, said profit in the fiscal first quarter more than doubled as livestock prices and pork demand surged.
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WILLIAMSBURG, Virginia  - U.S. meat company Smithfield Foods Inc.'s  once ravenous appetite for growth may be abating as the company may now focus on paying down debt, according to comments made on Wednesday by its chief executive.
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Hog and pork producer Smithfield Foods Inc. (SFD.N: Quote, Profile, Research) on Thursday said quarterly earnings more than doubled due to higher hog prices and the acquisition last year of Farmland Foods.
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Smithfield Foods Inc. SFD.N, the top  U.S. hog and pork producer, on Monday said preliminary earnings  per share for the fiscal third quarter were stronger than Wall  Street expectations, helped by higher hog prices, sending  shares to an all-time high.
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U.S. pork producer Smithfield Foods Inc.  said on Thursday that quarterly profits declined because high feed prices hurt results in its hog production unit.
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Sara Lee Corp.  on Monday stood  by its sales and earnings targets for the current fiscal year,  as it moves forward after a restructuring in which it sold or  spun off business that had accounted for about 40 percent of  its sales.
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Smithfield Foods Inc. (SFD.N: Quote, Profile, Research) , the largest US pork producer, on Tuesday posted a 61 percent rise in quarterly earnings due to strong hog prices and the purchase of Farmland Foods last year.
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Smithfield Foods, Inc. announced two acquisitions that continue to strategically align the company for growth in Europe.
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Kraft Foods Inc. said on Thursday it  has agreed to sell its UK desserts unit to Premier Foods Plc  for $135 million in a bid to focus on larger-scale businesses.
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US meat processor Smithfield Foods has reported higher second-quarter earnings, as higher hog prices offset lower pork margins and a loss in its beef operations.
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Consumer goods company posts flat 1Q, warns that 2Q profit will come in below Wall Street&#39;s views. CHICAGO  - Sara Lee Corp.
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Sara Lee Corp., whose profits have been  hurt by higher costs for cotton and coffee, on Thursday said it  would exit the apparel business and sell off other lines in  order to concentrate on more profitable businesses like baked  goods and packaged meats.
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Smithfield Foods Inc. SFD.N, the   largest U.S. producer of hogs, on Monday said it agreed to buy   smaller rival Premium Standard Farms Inc. PORK.O for $693   million in cash and stock to improve its hog production and   processing abilities.
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By Julian Walker, Richmond Times-Dispatch  Dec. 19--By next month, Chesterfield officials expect to have in place a sales agreement between the county and the firm that plans to redevelop Cloverleaf Mall.   Thomas E.
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Smithfield Foods Inc. SFD.N, the  largest U.S. pork producer, on Tuesday posted a 61 percent rise  in quarterly earnings due to strong hog prices and the purchase  of Farmland Foods last year.