Limited sees '08 profitability boost from changes
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Limited Brands Inc.'s  strategic changes, such as enlarging Victoria's Secret stores, are not expected to boost profitability in 2007 but should begin contributing to profitability in 2008, the company's chief financial officer said on Thursday.
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The auto parts retailer turns to profitability but sees key sales effort fall below last year.
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Reynolds American Inc. , the No. 2 U.S. cigarette maker, on Tuesday posted a quarterly profit, compared with a year-earlier loss, helped by a restructuring and cost savings following the merger that formed the company last year.
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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.
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Limited Brands Inc. LTD.N on  Thursday reported higher quarterly operating profit as cost  controls and strong lingerie sales offset poor results at the  retailer's Express apparel stores.
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NEW YORK (CBS.MW) -- Limited Brands Inc. on Monday raised earnings estimates as well as the price on its share repurchase program.
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Profit was up despite a drop in production, but Shell warned that the underlying performance of its refining operations was weaker than it appeared.
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After loss last year, business software company Siebel Systems Inc. turned to a profit in its third quarter , helped by smaller restructuring expenses.
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The firm may finally post net inflows this year.
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The company is not flashy, but it may benefit from long-term trends.
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The company posted strong second-quarter sales, and an acquisition could help long-term results.
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The company said quarterly profit rose to $494 million despite a slowing U.S. economy, but it lowered its full-year earnings outlook.
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Oracle Corp , the world's third-largest software maker, reported a 25 percent rise in quarterly profit on Thursday, but forecast slower growth in sales of new software in the current quarter.
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How a tiny company hinted it was ready for a turnaround.
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The companyâs performance shows that it is making progress in its shift toward selling higher-margin software.
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David Jones Limited (DJS) said today that it expected a 5% increase in profit after tax in the 2005 financial year after a strong rally in FY04 net profit.
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Limited Brands Inc. LTD.N on Monday  increased its earnings forecast for the third quarter due to a  bigger-than-forecast tax benefit and increased the offer price  in a $2 billion share buyback.