Food Roundup: Sara Lee Outsources Jobs, Applebee's Owner Suspends Dividend, Costco Cuts Prices, and More.

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BNET Food provides daily industry trends and news coverage with insights for managers and executives, focusing on the major companies in the food and beverage sector, from manufacturers to retailers. In addition to detailed company profiles, we bring you industry analysis on new alliances and partnerships, food products, mergers and acquisitions, contamination events, health risks, investments, and a host of other important business issues.

Sara Lee to outsource 700 jobs — Sara Lee announced plans to outsource certain transaction-processing activities, resulting in the elimination of 700 company jobs. This is the latest step in Sara Lee’s “Accelerate” cost-saving initiative. [Source: Chicago Tribune]

DineEquity suspends dividend — The Applebee’s and IHOP owner has indefinitely suspended common stock dividends. The $17 million it would have paid out annually will instead go towards paying down the company’s debts. [Source: Reuters]

Costco to cut prices — The company said it will respond to lagging sales with “aggressive” price cuts. Profits rose very slightly this quarter. [Source: Reuters]

Researchers say HFCS not to blame for obesity — A recent study found that high-fructose corn syrup was no more responsible for the obesity epidemic than sugar or other sweeteners. The study appeared in a supplement to the December issue of the American Journal of Clinical Nutrition. [Source: Food Business News]

Krispy Kreme loss widens — The doughnut company reported greater losses for the third quarter because of higher ingredient and energy costs. Krispy Kreme has been struggling since low-carb dieting became a fad. [Source: AP]

Tags: Job, Food, Costco, Dividend, Sara Lee Corp., Applebee's, Krispy Kreme, Financial Planning, Financial Accounting, Food & Beverage, Recruitment & Selection, Finance, Manufacturing, Human Resources, Workforce Management, Katherine Glover

Katherine Glover is a Minneapolis-based print, radio and online journalist. She's written for Salon.com, Sierra Magazine and many others, and she does a weekly blog on immigration issues for MinnPost.