Corus breaks into profit
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Anglo-Dutch steelmaker Corus Group has swung into the black for the first time in its five-year history and says restructuring, a tight market and price hikes keep the outlook positive for 2004.
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The company said fourth-quarter earnings fell from year-ago results that included a one-time gain. But adjusted profit exceeded expectations on Wall Street, driven by higher sales.
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ConocoPhillips COP.N, the No. 3 U.S.  oil company, on Wednesday reported a rise in quarterly profit,  boosted by soaring oil and gas prices.
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Cognos Inc., a maker of business-management software, on Tuesday said its earnings added 42 percent in the third quarter, beating Wall Street expectations as software sales surged during the period.
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Swedish aviation and defence group Saab said Friday its second-quarter profit soared by 45 percent, exceeding analysts&#39; expectations, owing to strong sales despite a plunge in orders.
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Quarterly earnings rose to $58 million, or 18 cents per share, from $48 million, or 16 cents per share, last year. Excluding results from casinos scheduled to be sold, a write-down of the book value of Caesars
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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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OTTAWA (CP) - Cognos Inc. issued a strong quarterly financial report Wednesday, posting double-digit increases in both revenues and profits for the software maker&#39;s second quarter and a bullish outlook for its current three-month period.
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Profit from companies that are breaking in two.
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Anglo-Dutch steel producer Corus yesterday reported its first profit since it was formed by the merger of British Steel and Hoogovens almost five years ago.
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Corus Group Plc, the UK&#39;s biggest steelmaker, reported its first profit and revived plans to sell 500 million euros ($608 million) of bonds to refinance debt after it benefited from higher steel prices and cost cuts.
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CA Inc. reported Thursday that quarterly profit ballooned as it cut expenses and the weak dollar helped bolster revenue from overseas operations.
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High steel prices helps the UK's biggest steelmaker Corus to report a profit for the first six months of 2004.
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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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ConocoPhillips  posted higher  fourth-quarter earnings on Wednesday as record oil prices  outweighed lower profits from gasoline production.
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Barrick Gold and Newmont Mining said profit surged in the fourth quarter as the price of bullion jumped.
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Shares in Cognos Inc.    jumped 8 percent on Friday, the day after the business software  maker posted second-quarter results that beat both its own  forecasts and analyst expectations.