LVMH's 2004 sales rise 6.0 pct, operating profit seen up 10 pct
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French luxury goods group LVMH Moet Hennessy Louis Vuitton posted a six percent increase in sales for the full year 2004 and said that operating profits rose 10 percent.
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Hewlett-Packard Co  on Tuesday reported higher-than-expected quarterly earnings and forecast results ahead of Wall Street targets as it sold more PCs and server computers, sending its shares up 6 percent.
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Wyeth  on Thursday raised its  2006 profit forecast and said its recently approved Tygacil  antibiotic and three experimental medicines all could post  annual sales in the billions of dollars.
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The luxury goods maker LVMH MoÃ«t Hennessy Louis Vuitton posted a sharp increase in its first-half earnings, helped by more stable international currency markets and strong sales from its wines and spirits, fashion and leather goods, and perfumes and cosmetic divisions. The company reported a first-half net profit of 817 million euros ($1.05 billion), up 46 percent from 559 million euros in the period last year. Operating profit jumped to 1.26 billion euros ($1.61 billion), up 35 percent from 935 million euros ($1.19 billion), the company said. LVMH, which is based in Paris, also reported a 13 percent jump in its first-half revenue to 6.97 billion euros ($8.92 billion), up from 6.17 billion euros a year earlier.
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Profits got a boost despite sluggish sales from the challenging environment.
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UnitedHealth Group Inc. on Thursday  said quarterly profit jumped nearly 46 percent as medical costs  stabilized, and the No. 2 health insurer also boosted its 2005  forecast.
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Diversified manufacturer Honeywell International Inc  said quarterly profit rose nearly 18 percent, with sales up across all its units, sparking a 4 percent rise in the stock in early trading.
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Fourth-quarter profit increased 4 percent as growing medical enrollment lifted revenue from health care premiums.
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Ford Motor Co. said on Tuesday that retail sales of its vehicles rose 6 percent in September, while sales to commercial fleets rose 4 percent.
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Revenues at the U.S. unit of LG  Electronics Inc. (066570.KS) rose 39 percent in the first half,  and North American sales are expected to top $10 billion this  year, fueled by demand for mobile phones, flat-screen displays  and appliances, it said on Thursday.
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LG Electronics Inc., South Korea&#39;s second-largest electronics maker, reported third-quarter profit rose 36 percent, better than analysts expected, after selling a record number of mobile phones.
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Kingfisher reported a rise of 6.7 per cent in retail profit to Â£190m for the third quarter with like-for-like sales up 2.6 per cent.
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Quarterly profit soared thanks to new products, increased marketing and improvement in international business, the company said.
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Overnight rate nearly certain to rise to 6.0% after June prices pass expectations.
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Boosted by high demand for paper, UPM-Kymmene Corp. said Tuesday that fourth-quarter profits more than tripled and predicted increasing growth and earnings through 2005.
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Wyeth  on Thursday raised its 2006 profit forecast and said its recently approved Tygacil antibiotic and three experimental medicines all could post annual sales in the billions of dollars.
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Lenovo Group Ltd., the world's No. 4 personal computer maker, said Wednesday its profits grew nearly sevenfold in its latest fiscal year as it boosted sales and restructured following its acquisition of IBM Corp.'s PC unit.