Sara Lee Posts 4Q Loss on Higher Costs

News - WJLA-TV Washington D.C

CHICAGO (AP) - Food and household products maker Sara Lee Corp. reported a fourth-quarter loss of $148 million Thursday that reflected higher commodity costs, weak European sales and charges related to a sweeping reorganization.The company, whose brands include Ball Park franks and Hanes underwear, also announced a $2 billion share repurchase program and plans to reduce at least $1.5 billion in debt over the next two years.

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