Advertisement
YOU ARE HERE: LAT HomeCollectionsSysco Corp
IN THE NEWS

Sysco Corp

FEATURED ARTICLES
BUSINESS
November 2, 2004 | From Associated Press
Industrial conglomerate Tyco International Ltd. swung to a profit on a double-digit jump in sales and lower one-time charges compared with the same quarter a year earlier. Net income rose to $454 million, or 22 cents a share, for its fiscal fourth quarter ended Sept. 30. Excluding one-time charges totaling $524 million, or 23 cents a share, net income would have been 45 cents a share. Tyco, based in Pembroke, Bermuda, but run from West Windsor, N.J.
ARTICLES BY DATE
BUSINESS
November 2, 2004 | From Associated Press
Industrial conglomerate Tyco International Ltd. swung to a profit on a double-digit jump in sales and lower one-time charges compared with the same quarter a year earlier. Net income rose to $454 million, or 22 cents a share, for its fiscal fourth quarter ended Sept. 30. Excluding one-time charges totaling $524 million, or 23 cents a share, net income would have been 45 cents a share. Tyco, based in Pembroke, Bermuda, but run from West Windsor, N.J.
Advertisement
BUSINESS
July 10, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
Newport Meat Co., which supplies meat to some of the Southland's toniest hotels and restaurants, is being purchased by food service giant Sysco Corp., the companies said Friday. Newport executives said the deal, which is expected to close by the end of the month, will allow the Irvine company to expand its operations locally and elsewhere in the West. Financial terms were not disclosed.
BUSINESS
July 10, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
Newport Meat Co., which supplies meat to some of the Southland's toniest hotels and restaurants, is being purchased by food service giant Sysco Corp., the companies said Friday. Newport executives said the deal, which is expected to close by the end of the month, will allow the Irvine company to expand its operations locally and elsewhere in the West. Financial terms were not disclosed.
BUSINESS
November 3, 1998
* U.S. Foodservice, the nation's second-largest distributor of food to restaurants and institutions behind Sysco Corp., agreed to buy Joseph Webb Foods Inc. for an undisclosed price to boost its business in California. Vista-based Joseph Webb operates in Los Angeles and Northern California and had sales of about $157 million last year. U.S. Foodservice shares rose 56 cents to close at $48.06 on the NYSE.
BUSINESS
September 1, 2001 | Reuters
Dutch supermarket group Ahold is in advanced talks to buy Alliant Foodservice Inc. of the U.S. for $1.5 billion in cash, plus the assumption of $700 million in debt, according to a source familiar with the deal. The purchase of Alliant from New York investment firm Clayton Dubilier & Rice, which is expected to be announced early next week, would consolidate Ahold's position as the world's third-largest supermarket and retail group. Ahold owns the Giant Food and Stop & Shop chains in the U.S.
BUSINESS
January 31, 2006 | From Bloomberg News
Restaurant food distributor Sysco Corp. said fiscal second-quarter profit fell 12% on higher fuel and stock option expenses. Net income at the Houston-based company dropped to $204.2 million, or 33 cents, from $232.6 million, or 36 cents. That was short of the average 35 cents that analysts polled by Thomson Financial expected. Revenue climbed 8.7% to $7.97 billion. Sysco's stock climbed $1.90, or 6.2%, $32.47.
NEWS
May 3, 2000 | From Associated Press
More than 700 children may have been exposed to hepatitis A when they ate strawberry-topped waffles for breakfast in a Head Start program. The 715 children, ages 3 to 5, were to be immunized against the disease today, said Francie Wise, director of communicable disease control in Contra Costa County, east of San Francisco. The 139 adults who ate the strawberries also will be immunized. Sysco Corp. distributed the frozen fruit, which was served April 21.
BUSINESS
October 1, 1994 | From Bloomberg Business News
Philip Morris Cos., following through on its new leadership's promise to streamline, is in talks to sell its Kraft Food Service unit, the company confirmed Friday. Responding to news reports, Philip Morris confirmed it is in talks with one party to sell the division. It declined to elaborate. Analysts with knowledge of the talks said the sale price would be between $600 million and $800 million. The food and tobacco firm's stock rose $1.125 a share to close at $61.
BUSINESS
August 16, 2004 | From Reuters, From Associated Press
Soaring crude prices plus worries about the economy and the outlook for earnings are expected to hang over the stock market this week during the depths of the summer doldrums. U.S. oil prices topped $46 a barrel Friday. They have set new highs every trading session except one in August and showed little sign of ending a steady climb that began in June.
CALIFORNIA | LOCAL
April 9, 2002 | FRED ALVAREZ, TIMES STAFF WRITER
Members of a state conservation agency plan to meet this month with Oxnard officials to pursue the purchase of 309 acres at Ormond Beach as part of a statewide push to preserve coastal habitat. Peter Brand, point man in Ventura County for the Coastal Conservancy, said his agency has completed an appraisal of the property--jointly owned by the city and the Metropolitan Water District--and is ready to begin negotiating for some or all of the acreage on the south Oxnard shoreline.
SPORTS
August 17, 2002 | BEN BOLCH, TIMES STAFF WRITER
Like scores of baseball fans who attended the Angels' game against the Cleveland Indian on Friday night at Edison Field, Rick Grissom reacted with anger and disappointment to the news that the players union had set an Aug. 30 strike date. And the 26-year-old Rancho Cucamonga resident sounded a warning that he thinks players and owners might want to consider before allowing the major leagues' ninth work stoppage since 1972. "I think they have to get it done," Grissom said.
Los Angeles Times Articles
|