Coles delivers record profit, positive outlook
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Coles Myer, three years into a five-year turnaround journey, bettered its guidance with a record annual net profit of $576.5 million on Wednesday and said it was well on the way to meeting its target of $800 million in fiscal 2006.
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Australia's second-largest retailer Coles Group Ltd.  said on Monday it had agreed a A$22 billion ($18.8 billion) offer from conglomerate Wesfarmers Ltd. , the largest takeover in Australian corporate history.
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Chevron Corp , the second-largest U.S. oil company, on Friday said its fourth-quarter earnings rose as record prices for oil outweighed relatively weak refining profits.
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WOOLWORTHS yesterday hit back at rejuvenated competitor Coles Myer with a 13 per cent jump in full-year net profit and a belief it can replicate the performance in the coming year.
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The company reported strong second-quarter results and said its profits for all of 2007 would beat analystsâ expectations.
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Barclays, the third-biggest British bank, has said that net profit surged by 33 percent to a record 4.571 billion pounds (6.782 billion euros, 8.906 billion dollars) in 2006, lifted by its investment banking arm.
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Archer Daniels Midland posted a record quarterly profit on higher selling prices for ethanol and corn sweetener.
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The data storage vendor said second-quarter profit rose to $334.4 million as it recorded double-digit sales gains at its biggest businesses.
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Coca-Cola Co , the world's  largest maker of soft drinks, reported higher-than-expected  quarterly profit on Wednesday, helped by higher sales,  acquisitions and foreign exchange rates.
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COLES Myer Ltd said today it remains on track to reach its goal of achieving a profit of $800 million in 2005/06, after booking record earnings in 2003/04.
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Retailer Best Buy Co  reported better-than-expected second-quarter earnings on Tuesday, helped by strong international sales, and raised its full-year profit forecast, pushing its shares up about 5 percent.
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CARNIVAL, the worldâs largest cruise line, yesterday posted record quarterly profits and said the performance underlined the success of its merger with P&amp;O Princess last year.
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Campbell Soup Co. CPB.N on Monday  posted a better-than-expected 9 percent rise in profit, sending  shares to a near three-year high, as heavy promotions and  product improvements spurred soup sales.
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Australian retailer Coles Group Ltd.  put itself up for sale on Friday after receiving a number of  takeover approaches, saying it believed it was worth more than  A$18.2 billion ($14.3 billion).
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Deere & Co. , the world's largest maker of agricultural and building equipment, reported better-then-expected quarterly profit on Wednesday as strong sales to farmers and foresters more than offset a decline in sales to builders.
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The company said profit in the latest quarter rose more than 10 percent on strong sales to mining, energy and construction customers outside the United States.
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Record oil prices lifted Exxonâs fourth-quarter earnings to $11.66 billion, the highest ever operating profit by a U.S. company.