Reinsurer Munich Re's 2007 profit rises
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Reinsurer Munich Re AG said Wednesday it expects to post a bigger profit in 2007 than last year, beating its previous target of more than $5.17 billion.
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Full-year profits jump 72% at German utility group RWE, buoyed by rising prices and its sale of Thames Water.
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Global mining giant Anglo American on Wednesday said its 2007 net profit jumped 18 percent to 7.30 billion dollars (4.96 billion euros), boosted by high output and soaring metals prices.
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Third-quarter net income rose 7.4 percent to $960 million, helped by strong demand in international markets. The company also raised its full-year profit outlook.
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Swiss Reinsurance Co., the world&#39;s second largest reinsurance company, on Thursday posted a net profit of 1.4 billion Swiss francs ($1.
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Munich Re, the world&#39;s largest reinsurer, lowered its target for 2004 earnings after the worst storm season in more than a century led to 550 million euros ($714 million) of damage claims.
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Swiss Reinsurance Co., the world's second-largest reinsurance company, posted a first-half net profit on Thursday of 1.4 billion Swiss francs (&#36;1.1 billion), more than double its earnings for the same period last year.
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BMW, the German automaker, said its profit rose 28 percent in 2006, helped by strong car sales and a one-time gain from the sale of a stake in Rolls-Royce, the British aircraft engine manufacturer. The company, which is based in Berlin, said it was seeking approval from its board to buy back up to 10 percent of its stock and said it would increase dividends. Net profit climbed to 2.87 billion euros ($3.77 billion) from 2.24 billion euros the previous year.
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Health insurer posted a rise in quarterly net profit as  increased membership boosted revenue.
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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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Mazda Motor Corp.  posted a 7.5 percent rise in quarterly profit powered by a favourable slide in the yen and increased exports to North America and Europe, and lifted its forecasts for record annual operating profit.
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Merck released a forecast for first-quarter profit well above analystsâ expectations, and also increased its forecast for 2007.
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DaimlerChrysler&#39;s (DCXGn.DE: Quote, Profile, Research) third-quarter operating profit rose 7 percent, just below analyst expectations, as
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Health insurer WellPoint Inc  said on Wednesday that third-quarter profit rose 7 percent, helped by higher membership and improved control of operating costs.
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First Industrial Realty Trust FR.N  on Monday raised its profit forecast for the third quarter and  full year, citing higher gains from the sale of properties  owned by its joint venture.
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Swiss Reinsurance Co., the world's second largest reinsurance company, on Thursday posted a net profit of 1.4 billion Swiss francs ($1.1 billion; euro910 million), more than double its net profit for the same ...
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Insurance giant Allianz said Thursday it would post a record net profit for 2007 despite a fourth-quarter loss at Dresdner Bank, which took a huge write down in connection with US subprime housing market losses.