Steel costs hit Electrolux profit
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Electrolux, the world's largest maker of consumer electronics, says third-quarter profits have been hit by the rising price of raw materials.
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Electrolux, the world&#39;s leading electrical appliance maker, reported a 53.2 percent fall in second quarter net earnings that it attributed to a rise in raw materials costs and delays in new product launches.
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PITTSBURGH -- US Steel Corp. swung to its third consecutive quarterly profit, helped by higher prices and a tax gain, to beat analysts&#39; earnings estimates.
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CORUS, the British/Dutch steel major, and one-time basket-case of British industry, yesterday completed a remarkable turnaround when it posted its first profit since it was formed from the merger of British ...
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Second quarter profits at ketchup maker Heinz are hit by higher material and transport costs.
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Electrolux, the world's largest maker of household appliances, said on Monday that operating income fell 34.3 per cent in 2004 as the company faced almost SEK2 billion ($290 million) in charges to relocate ...
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Del Monte Foods Co. DLM.N on Thursday   posted lower quarterly profit, hit by costs related to recent   acquisitions and higher prices for fuel and the steel used in   its packages.
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The Clorox Company, the consumer products maker, posted a lower quarterly profit on Monday, hurt by rising costs for raw materials but helped by a lower tax rate.
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Sears, Roebuck and Co. on Thursday said quarterly profit fell sharply compared with a year earlier, when the department store operator had a gain from the sale of its credit card business, but the profit topped forecasts as the retailer slashed costs.
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LONDON : Anglo-Dutch steelmaker Corus reported the first profit since its birth in 1999 thanks to cost cuts, rising metals prices and strong demand, notably from China.
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Electrolux shares have tumbled after the world&#39;s largest maker of consumer electronics said profit in the second half of 2004 will be less than forecast.
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CINCINNATI  â AK Steel Holding said Tuesday that it swung to a fourth-quarter profit in contrast to a loss a year ago, when it took a one-time charge for employee health care benefits during a long lockout at its biggest mill.
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Steelcase Inc. SCS.N, the world's  largest office-furniture maker, on Thursday swung back to a  quarterly profit from the previous quarter, but warned that  rising raw-materials prices would hurt results going forward.
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Electrolux, the world's biggest maker of home appliances, warned on Thursday that soaring steel prices would hit its second-half profits to the tune of 500 million crowns (&#36;68 million).
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Anglo-Dutch steelmaker Corus reports a 32% drop in first-half earnings as higher raw material and energy costs bite.
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CHICAGO  â The Sara Lee Corporation posted a quarterly profit on Wednesday, in contrast to a loss a year earlier, as the weaker dollar, new products and increased spending on marketing helped sales.
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Anglo American reported a 76 percent increase in annual profit as it increased production capacity and benefited from higher metal prices. It also said it would buy back $3 billion worth of its shares. Anglo said profit for 2006 came to nearly $6.2 billion, up from $3.52 billion the previous year. Revenue rose 12 percent, to $38.6 billion. Excluding one-time items, Angloâs profit rose 46 percent, to $5.5 billion. The company did not break out quarterly results. âOur strong performance was due to increased production across the majority of our businesses and higher prices, in particular for base metals, platinum and iron ore,â the chief executive, Tony Trahar, said. Operating profit from gold rose 41 percent, the company said. Operating profit from diamonds was down 21 percent.