Land O'Lakes earnings down 29%, but sales up

Dairy cooperative Land O'Lakes said its second-quarter earnings fell 29 percent, due to softness in its flagship dairy foods business, though sales continued to grow.
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Dairy cooperative Land O'Lakes said its second-quarter earnings fell 29 percent, due to softness in its flagship dairy foods business, though sales continued to grow.

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Land O'Lakes profits rebound in 3Q

Land O'Lakes Inc. posted net income of $18 million in the third-quarter, compared to a $30 million loss a year earlier, the Star Tribune reports. The Arden Hills-based co-op also reported a seven percent increase in sales.

Land O'Lakes accounting clerk charged with mail fraud for embezzling $1.1M

Federal prosecutors accuse a Brooklyn Park woman of stealing more than $1 million from Land O'Lakes between 2008 and 2012. Federal prosecutors say Cynthia Jacobsen, 58, fraudulently authorized payments to her daughter and allegedly used the money for personal expenses. Jacobsen worked as an accounts-payable supervisor.