Sara Lee net drops as food poisonings still hurt profits

Article Abstract:

Sara Lee Corp. posted a fall of 5.9% in its earnings for the fourth-quarter of 1998. The company was hurt by a product recall caused by a series of food poisonings in the winter of 1998. Sara Lee posted $286 million (266 million euros) in net income for the quarter ending on July 3, 1999. During the same period in 1998, the company posted $303 million.

Comment:

Posts fall of 5.9% in earnings for fourth-quarter of 1998

Sara Lee Corp.

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Honeywell's net plunged by 49% in third quarter

Article Abstract:

Honeywell International Inc. posted a decline of 49% in its net income for the 2000 third-quarter. The company, which was hurt by charges, increased costs of raw materials, and a weaker euro, posted $282 million (331.8 million euros) in net income for the period.

Honeywell International Inc., ALD

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3M plans to cut 5,000 positions as income falls 7%

Article Abstract:

Minnesota Mining and Manufacturing Co. (3M) posted a drop of 7% in its 2001 first-quarter net income. The company is also planning to layoff 7% of its work force, which comes out to approximately 5,000 jobs.

Labor force information, Management, 3M Co., MMM

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