Profit at Talbots Up 4.8% for 2nd Quarter
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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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Apparel retailer J. Crew Group Inc   on Wednesday posted a second-quarter net profit, helped  by robust sales and higher gross margins.
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Nordstrom, the department store chain, said yesterday that fourth-quarter profit rose by 22 percent, less than analysts estimated, on increased sales of womenâs clothes.
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Target Corp. , 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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Profits at the drugmaker increased 13 percent in the second quarter on higher sales of its arthritis drug and pneumonia vaccine.
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The second-quarter results topped analyst expectations and the grocery chain raised its outlook for the year.
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MINNEAPOLIS -- Best Buy Co. Inc., the nation's largest consumer electronics retailer, said second-quarter profits rose 8.7 percent on strong international results and tighter spending controls.
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The company said second-quarter profit rose 7 percent, to $460 million, helped by higher information technology sales and an insurance gain at its shipbuilding unit.
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Nordstrom reported a strong second-quarter profit as it continued to select more relevant inventory and sell more items at full price.
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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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Johnson &amp; Johnson  on Tuesday  said its second-quarter profit rose on higher sales of its  medical devices and prescription medicines.
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ConocoPhillips said that its fourth-quarter profit more than doubled because of high oil and gas prices and better refining margins.
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Morgan Stanley  on Wednesday said its second-quarter profit rose 40 percent, trouncing expectations as a number of trading and investment banking businesses achieved record results.
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The clothing retailer J. Crew Group reported a profit in the fourth quarter yesterday, in contrast to a loss a year ago, as sales rose.
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Wyeth  on Thursday said its  second-quarter earnings rose on higher sales of its  prescription drugs.
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Smithfield Foods Inc., the world&#39;s largest hog producer and pork processor, on Tuesday posted higher second-quarter earnings as sharply improved hog production results more than offset lower pork margins and a modest loss in the beef segment.
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The South Korean consumer electronics and appliances company swung to a profit in the second quarter on strong sales of appliances and premium mobile phones.