Federated Earnings Up 10 Percent in 3Q
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The retailing giant Federated Department Stores Inc. on Wednesday reported a 10 percent increase in third-quarter earnings, citing improvements after Florida hurricanes hurt September sales.
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Personal income, boosted by a large dividend payment from computer software giant Microsoft Corp., shot up by a record 3.7 percent in December.
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Federated Department Store Inc. posted better-than-expected earnings in the third-quarter of 2004 thanks to a sales rebound in Florida, where hurricanes had dampened sales in September.
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Lehman Brothers Holdings Inc. LEH.N   on Wednesday said strong trading and investment management   revenue lifted third-quarter earnings by a better-than-expected   4 percent, bringing the company's shares to their highest level   since May.
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Diversified manufacturer 3M Co  reported higher operating earnings Tuesday on strength in its health-care and international businesses.
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The largest U.S. health insurer said higher premiums revenue helped offset a 10 percent rise in medical benefit costs.
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Federated Department Stores Inc.  on Thursday reported a better-than-expected rise in January sales at stores open at least one fiscal year and raised its quarterly earnings forecast, sending its shares up nearly 4 percent.
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DuPont has its third consecutive quarter of higher revenue and earnings.
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CHARLOTTE, NC Bank of America&#39;s third-quarter profit meets Wall Street&#39;s expectations with a continued boost in business from the FleetBoston Financial merger.
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The results surpassed Wall Street's expectations in both sales and profit, with fourth-quarter earnings reaching $3 billion for the first time in the company's history.
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Shares in US computer giant Dell rise 10% in early trade, buoyed by strong earnings news.
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Swiss banking giant Credit Suisse reported a 3.0-percent gain in underlying net earnings last year, in line with market expectations and despite big asset writedowns linked to current financial market turbulence.
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French bank Societe Generale SA on Tuesday posted a 10.3 percent increase in third-quarter net profit, boosted by higher revenues from international retail banking and a better-than-expected result at its corporate investment banking operations.
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Defense conglomerate General Dynamics Corp. said Wednesday that earnings rose 23 percent in the third quarter to $322 million, thanks to strong results across all its divisions.
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American Express Co , a credit card and travel services company, said on Monday that third-quarter earnings rose 10 percent, helped by increased spending among its consumer and corporate clients.
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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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The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point today, marking the third increase this year.