Sara Lee stands by earnings, sales views
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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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The top three in this week's singles charts remain unchanged with R&B star Rihanna holding fast at number one.
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So far 2008 has not been a good year for music sales. This week Alicia Keys, below, stays atop the Billboard chart with âAs I Amâ (J), but the number of copies that CD sold is barely above the historic low for a No. 1 album. Nielsen SoundScan reported that 61,000 copies of the album sold last week; the least number of weekly sales for No. 1 is 60,000, set by the âDreamgirlsâ soundtrack a year ago. (The numbers are rounded.) This week the âJunoâ soundtrack (Rhino) is at No. 2 with 58,000, Mary J. Bligeâs âGrowing Painsâ (Geffen) is No. 3 with 52,000, and Radioheadâs âIn Rainbowsâ (ATO) is next with 46,000. The R&B singer Raheem DeVaughn opens at No. 5 with 45,000 sales of âLove Behind the Melodyâ (J) and John Legendâs new âLive From Philadelphia,â available only through Target, reached No. 7 with 33,000.
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NASHVILLE (Billboard) - Despite talk in the early going of slow ticket sales, Barbra Streisand's first live performances in six years put up record-setting box office numbers. The 20 concerts grossed $92,457,062 and set house gross records in 14 of the 16 arenas played on the tour.
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Red Lobster may be back in the pink. Darden Restaurants Inc., boosted by a long-in-coming sales improvement at its struggling seafood chain, on Thursday handily beat Wall Street&#39;s forecasts for fiscal second-quarter earnings.
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Japanese electronics maker Sharp said it posted record sales and profits in the nine months to December on continued robust demand for liquid crystal display (LCD) televisions and camera-equipped cellphones, despite slower exports.
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The regional short-line operator keeps posting quality margins and returns on equity.
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Sara Lee Corp. SLE.N on Tuesday  posted a 53 percent increase in quarterly profit, as a fee  related to the 1999 sale of a tobacco business helped offset  higher costs for meat and cotton.
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Mika heads the UK singles and albums charts despite a boost in sales for acts seen performing at the Brit Awards.
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Sales rise, but earnings and margins are on the fritz.
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CHICAGO, Jan. 29  â The Sara Lee Corporation said on Monday that it planned to cut nearly 1,700 jobs, or about 3 percent of its work force, in its latest effort to reduce costs.
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The company will likely come out on top regardless of the outcome of the latest controversies.
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Sara Lee Corp. SLE.N on Monday sought   to draw a line between a 19-month portfolio overhaul that ended   this month and its plans to grow the remaining businesses.
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The earnings information the company offers ranges as wide as its product line.
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Being No. 2 doesn't limit its opportunity for profits.
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Darden Restaurants Inc. DRI.N   said on Tuesday that quarterly earnings rose 3.5 percent as   strength at its Italian-theme Olive Garden chain offset weaker   results at the company's Red Lobster seafood restaurants.
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Sara Lee Corp.  on Tuesday  posted a quarterly profit before one-time items that beat  analysts estimates, but warned that it would not meet long-term  sales and margin goals as soon it had promised.