LG Electronics unit says U.S. sales up
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Revenues at the U.S. unit of LG  Electronics Inc. (066570.KS) rose 39 percent in the first half,  and North American sales are expected to top $10 billion this  year, fueled by demand for mobile phones, flat-screen displays  and appliances, it said on Thursday.
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General Motors Corp  on Tuesday said U.S. sales rose more than 5 percent in August, boosted by strong demand for its pickup trucks and sport utility vehicles.
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Wal-Mart Stores Inc., the world&#39;s largest retailer, said December sales at US stores open at least a year are rising within its forecast as shoppers rushed to stores last week to complete their holiday shopping.
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South Korea's LG Electronics said its net profit surged 130 percent to 1.48 billion dollars on record sales last year, although a weak dollar slowed fourth quarter performance.
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SEOUL LG Electronics, South Korea&#39;s second-largest electronics maker, on Tuesday reported a 36 percent rise in third-quarter profit from a year earlier, better than expected, after selling a record number of mobile phones.
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Worldwide mobile phone sales surpassed 167 million units in the third quarter of 2004, a 26 percent increase from the third quarter of 2003, according to a report released by market rtesearch firm Gartner.
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Global consumer electronics sales are  expected to climb by 11 percent in 2005, marking the second  year in a row of double-digit growth, powered by demand for  big-screen TVs, pocket-sized music players and tiny memory  cards, an industry trade group said on Tuesday.
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Best Buy Co Inc. BBY.N on Tuesday   said its quarterly profit rose 22 percent, boosted by new store   openings and sales of high-priced electronics, like flat-panel   televisions.
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Swedish-Japanese mobile phone maker  Sony Ericsson reported higher fourth-quarter sales and average  selling prices than expected on Tuesday, saying its 3G handsets  and camera phones were driving the growth.
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Consumer electronics retailer Best Buy  Co. Inc.  posted higher quarterly earnings on Tuesday,  driven by new store openings and strong sales of hot products  like flat-panel televisions.
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U.S. retail sales increased by 0.1  percent in November, the Commerce Department said on Monday,  slightly stronger than expectations, while the previous month  was revised sharply higher.
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LM Ericsson, the world's largest maker of wireless networks, on Friday said earnings grew 12 percent in the second quarter, boosted by strong sales in Asia.
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Sales in the US by online retailers rise 19% between 1 November and 27 December, comScore says.
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Strong demand for replacement handsets in western Europe and the US helped push global mobile phone sales to 156.4 million units in the second quarter of 2004, a 35 per cent increase from the second quarter of 2003, new research has claimed.
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Shares in handset and appliance maker LG Electronics  surged as much as 7.6 percent on Friday, after the South Korean firm reported strong profits while bigger rival Motorola  posted another quarterly loss.
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Swedish-Japanese mobile phone maker Sony Ericsson reported higher fourth-quarter sales and average selling prices than expected on Tuesday, saying its 3G handsets and camera phones were driving the growth.
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LG Electronics'  plasma business is improving steadily and the display division hopes to post a single-digit operating profit margin by the end of the year, the head of its display business said on Sunday.