Sears 4Q profit rises 27 percent
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Retailer Sears Holdings Corp. said Thursday its fourth-quarter earnings rose 27 percent, ahead of Wall Street forecasts as margins improved despite weaker sales at established stores.
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Investment bank Lehman Brothers Holdings Inc.  on Tuesday said its second-quarter profit rose 27 percent as surging bond underwriting and stock trading revenue more than made up for bond trading results hurt by U.S. mortgage weakness.
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Shares of Sears, Roebuck &amp; Co. rose as much as 27 percent, the biggest gain since at least 1980, after an investment by Vornado Realty Trust highlighted the value of the retailer&#39;s real estate.
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Gillette Co. G.N on Thursday said  fourth-quarter profit climbed 13 percent, helped by sales of  its M3Power razor and blades.
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Retailer Sears Holdings Corp.   posted a 20 percent rise in quarterly profit on Thursday,  helped by a legal settlement and other special gains, but sales  declined at both its Sears and Kmart units.
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Target Corp. TGT.N, the No. 2 U.S.  discount retailer, on Thursday posted a higher quarterly  profit, boosted by stronger sales and gains from the sale of  its Mervyn's department store chain.
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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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General Electric Co , viewed as a bellwether of the U.S. economy, posted a 4 percent rise in net profit on Friday, matching Wall Street expectations, on strong demand for heavy equipment such as jet engines and electricity-producing turbines.
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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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General Electric, driven by strong demand for jet engines and electric turbines, posted a 4 percent rise in net profit, meeting Wall Street expectations.
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EMC Corp , the world's biggest maker of corporate storage gear, said on Tuesday its fourth-quarter profit rose on the back of strong revenue growth across a broad range of products.
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Wal-Mart reported a better-than-expected 9.8 percent increase in fourth-quarter profit yesterday, helped by new strategy and cost-control measures at its flagship U.S. stores division.
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Sears reported a 27 percent increase in earnings and Kohlâs said earnings rose 29.3 percent on strong sales of its exclusive brands.
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Talbots, the clothing retailer, said yesterday that second-quarter profit rose 4.8 percent as sales increased and the company benefited from the resolution of an income tax issue.
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General Motors Corp.  said on Wednesday it swung to a profit in the fourth quarter as it cut costs and saw gains in its core auto operations.
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Wal-Mart Stores Inc.  posted a better-than-expected 9.8 percent rise in fourth-quarter profit on Tuesday, helped by cost controls and international sales.
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The power generators said fourth-quarter profit rose 28 percent, helped by favorable weather, higher rates across much of its service area and marketing efforts.