Steel Producer Nucor Sees Profit Soar
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Nucor Corp., one of the largest U.S.  steel producers, on Thursday reported a more than 25-fold  increase in quarterly profit due to high steel prices, and said  it expected demand to remain strong next year.
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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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Statoil sees soaring earnings as the oil and gas firm pushes ahead with the takeover of Norwegian rival Norsk Hydro.
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Dofasco Inc., Canada&#39;s biggest steelmaker by sales, said third-quarter profit rose almost quadrupled to a record as North American demand for the metal drove prices to all-time highs.
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Manufacturer Johnson Controls Inc  said on Friday that quarterly earnings jumped 45 percent, better than expected, on strength in its building controls and automotive interiors businesses.
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Quarterly profit soared thanks to new products, increased marketing and improvement in international business, the company said.
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Caterpillar Inc.  said on Friday its profit in the latest quarter rose more than 10 percent as strong international mining, energy and construction sales offset a decline in U.S. equipment and engine sales.
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Service engine maker Cummins Inc. on Wednesday said that third-quarter profits more than quadrupled - beating both its own guidance and Wall Street estimates - and full-year earnings would also exceed previous expectations.
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India's Tata Steel sees its quarterly profits rise 41% as the construction boom in India fuels demand for its products.
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The world's largest gold producer,  Newmont Mining Corp. NEM.N, on Wednesday said higher gold  prices drove up quarterly profit by 12.5 percent, even though  it sold less of the precious metal.
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Steel producer and recycler Nucor Corp. on Thursday boosted third-quarter earnings guidance by more than $1 per share as rising steel prices continue to lift profit margins.
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LONDON (Dow Jones/AP) -- Corus Group PLC, one of the world&#39;s largest makers of steel, Thursday reported a profit for the first time in its five-year history.
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Clorox Co. CLX.N on Monday said its  quarterly profit rose more than six-fold, driven by gains its  transfer of some businesses to Henkel KGaA HNKG.DE and on  higher sales and cost-savings.
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Having bought Lone Star Technologies this year, U.S. Steel finds another strong target.
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Clorox Co.  on Monday said its quarterly profit rose more than six-fold, driven by gains its transfer of some businesses to Henkel KGaA  and on higher sales and cost-savings.
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The world&#39;s largest gold producer, Newmont Mining Corp. (NEM.N: Quote, Profile, Research) , on Wednesday said higher gold prices drove up quarterly profit by 12.
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Australia's largest steelmaker BlueScope Steel on Monday reported a 24 percent rise in first-half profits and said it expected full-year earnings to exceed those of last year.