Corning Profit Rises 11 Percent
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The company posted fourth-quarter earnings of $717 million, citing heavy demand for auto pollution filters and glass used in flat-screen televisions and computers.
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A hot summer and new products helps AG Barr profits climb 8.2% in the six months to the end of July.
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SunTrust Banks Inc. on Friday reported an 11 percent rise in third-quarter earnings and said issues over accounting for bad loans led to the understatement of the company&#39;s first- and second-quarter profit by $25.
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Lloyds TSB reports an 11% rise in pre-tax profits to Â£4.25bn for 2006.
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Chevron Corp. , the No. 2 U.S.  oil company, on Friday said its quarterly profit rose 18  percent, driven by a surge in crude oil prices, but its results  fell short of expectations and the stock fell in premarket  trading.
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SAN FRANCISCO (CBS.MW) -- Corning said late Wednesday it will take $2.8 billion to $2.9 billion in third-quarter charges because of reductions in projected future global demand for its fiber-optic products used in telecommunications networks.
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The food maker General Mills reported on Wednesday that its first-quarter profit rose 8 percent as rising revenue offset higher ingredient costs and increased spending on marketing.
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Anheuser-Busch Cos Inc  said on Wednesday quarterly profit rose nearly 11 percent as the nation's largest brewer sold more beer at higher prices.
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ConAgra Foods, whose brands include Banquet, Chef Boyardee and Healthy Choice, said Thursday that its first-quarter profit rose 5.2 percent as sales increased 9.9 percent.
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Third-quarter profit rose 11 percent to $640 million, helped by growth in fees from asset management and providing back-office services to institutional clients.
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Kimberly-Clark said second-quarter profit rose to $461 million as savings from a restructuring plan helped offset fiber costs, and it raised its full-year earnings forecast.
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General Mills Inc.  on Thursday said quarterly profit edged higher, though increased marketing spending and higher commodity costs tempered the increase.
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The home furnishings retailer reported quarterly profit of $25.97 million on an improvement at its Pottery Barn chain, sending its shares up as much as 11 percent.
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CORNING, NY -- Corning Inc. (GLW) plans to record $2.8 billion to $2.9 billion in noncash charges in the third quarter to impair goodwill and investments in its struggling telecommunications segment and establish a deferred-tax valuation allowance.
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Nordstrom Inc.  on Tuesday posted a 34 percent rise in its quarterly profit, helped by a better-than-expected increase in same-store sales as the upscale department store chain focused on keeping a lid on expenses.
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Department store group Debenhams sees yearly profits rise 11.5% from a year earlier.
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General Electric Co., the world&#39;s largest company by market value, said third-quarter profit rose 11 percent as acquisitions and economic growth spurred the biggest sales increase since Jeffrey Immelt succeeded Jack Welch.