- M2 Presswire -
Two news: the first one regarding the financial results of Sara Lee that are now finally showing in sales and profit margins and the second news relevant to the appointment of Sanjay Khosla as new president of international commercial division by Kraft Foods.
City of Industry, CA - Consumer Goods industry alert provided by U.S. Equity News. Shares of Sara Lee Corp. (NYSE:SLE) moved higher in Monday premarket trading when J.P. Morgan analyst Pablo E. Zuanic upgraded the food and household products maker, saying long-term operating risk has been reduced amid cost cutting and reorganizational efforts. Zuanic noted that Chief Executive Brenda Barnes said in a recent meeting that the company's results were starting to show in sales and profit margins and also in terms of the company's overall outlook due to a cost cutting and reorganizational undertaking. NutraCea (OTC BB: NTRZ) recently announced they have received their first purchase order based on an agreement they have entered into with one the nation's largest supermarket chain with over 1600 stores nationwide to produce organic rice baby cereal for their private label brand.
"We're very pleased to be able to provide this national grocery store chain with a high quality organic rice baby cereal product," said Margie Adelman, Senior Vice President NutraCea.
Kraft Foods Inc. (NYSE:KFT) on Monday named Sanjay Khosla as the new president of its international commercial division. Khosla previously worked at New Zealand-based milk company Fonterra Co-operative Group Ltd., where he served as managing director of its consumer and foodservice business Fonterra Brands. Before joining Fonterra, Khosla worked at consumer goods company Unilever in India, London and Europe. A former secretary at The Coca-Cola Co. (NYSE:KO) was angry at her employer for not treating her well and hatched a plan to steal trade secrets from the beverage giant to sell them to rival PepsiCo Inc., a co-defendant testified Monday at the woman's conspiracy trial. Coca-Cola has declined to say what product or products the samples relate to. Duhaney testified Monday that at least one product Williams had information about was Coca-Cola Blak, which Coca-Cola launched in January 2006.