Frozen Foods

Nestle, the world's biggest food company, said today that sales ofits packaged food increased in emerging markets, compensating for slower growth in the United Statesand in Western Europe and helping to lift first-half profit 13 percent.

Sara Lee Corporation announced on Tuesday that it has completed its acquisition of The Earthgrains Company, the number-two player in the fresh bread category. The combined bakery operations of Sara Lee and Earthgrains, which will now be named the Sara Lee Bakery Group, together generate approximately $3.4 billion in annual sales.