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Tuesday, February 8, 2011

Sara Lee eyes more price increases; shares rise, (NYSE: SLE)

Sara Lee (SLE.N) said on Tuesday it would be raising prices again on its food and beverages, which could continue to affect sales, as it struggles with soaring commodity costs. Sara Lee executives also shared new details regarding its planned separation into two companies, helping to send its shares up 2 percent. The maker of Jimmy Dean sausages, Ball Park hot dogs and Senseo coffee also reported a weaker-than-expected profit for the latest quarter.

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