EMC 4Q Profit Rises 35 Percent
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BOSTON -- EMC Corp.'s fourth-quarter profit jumped 35 percent, beating Wall Street expectations, but the data storage vendor's results were overshadowed by disappointment over a technology firm in which EMC owns a majority stake.
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Johnson Controls Inc  said on Friday quarterly earnings jumped 45 percent, better than expected, on strength in its building controls and automotive interiors businesses.
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EMC Corp. EMC.N, the top maker of  corporate data storage equipment, on Tuesday reported quarterly  profit rose 37 percent amid strong sales of low- and mid-priced  systems and market-share gains from rivals.
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EMC Corp. EMC.N, the top maker of  corporate data storage equipment, on Tuesday reported quarterly  profit jumped amid market-share gains against rival storage  suppliers.
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77 per cent profit boost EMC saw its stock price leap more than eight per cent today, thanks in part to its 86 per cent stake in the hotter-than-hot virtualization outfit, VMWare.â¦
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General Electric Co.  reported a 9.6 percent rise in profit on Friday, with strength in the infrastructure and commercial finance businesses offsetting a decline at its health care business and a loss in subprime lending.
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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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Consumer electronics retailer  RadioShack Corp.  reported higher fourth-quarter profit  on Tuesday, helped by improved gross margin and lower expenses.
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Off-price retailer TJX Cos. on Wednesday said improvements in inventory, cost controls and marketing boosted its fourth-quarter profit by almost 47 percent.
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VMWare sales up 89 percent Brisk corporate spending on storage devices lifted EMC's second-quarter profit by 20 percent and caused the company to boost - slightly - its estimate for the year. But investors drove down EMC shares, proving that sometimes good isn't good enough.â¦
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Ryder System Inc. R.N on Friday said  fourth-quarter profit rose on strong demand for truck leasing  and logistics services, especially in its fleet management  solutions division.
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Citing strong economic conditions, the manufacturer posted fourth-quarter earnings of $689 million, up from $585 million a year earlier.
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EMC Corp. , the world&#039;s largest  maker of corporate data-storage equipment, on Friday reported  lower quarterly profit after supplies of a key new product  failed to keep up with demand.
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U.S. investment bank Lehman Brothers Holdings Inc.  on Thursday said its fiscal fourth-quarter profit rose 22 percent on increased income from mergers, offerings and trading.
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General Electric, driven by strong demand for jet engines and electric turbines, posted a 4 percent rise in net profit, meeting Wall Street expectations.
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Nymex Holdings Inc , parent of the New York Mercantile Exchange and the target of an $11 billion takeover bid by CME Group Inc , posted a better-than-expected fourth quarter profit on Friday, helped by growth in electronic commodities trading.
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For the quarter, EMC, the worldâs No. 1 maker of corporate data storage equipment, beat analystsâ estimates.