In a Reversal, AK Steel Reports Profit
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CINCINNATI  â AK Steel Holding said Tuesday that it swung to a fourth-quarter profit in contrast to a loss a year ago, when it took a one-time charge for employee health care benefits during a long lockout at its biggest mill.
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The auto parts maker reversed a year-earlier loss, supported by strength in its business outside North America and a broad restructuring.
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The company said quarterly profit rose to $494 million despite a slowing U.S. economy, but it lowered its full-year earnings outlook.
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The NHLPA said on Thursday that its 24 percent salary rollback would produce a $275.5 million profit for teams as opposed to a $568.5 million loss, as stated by the NHL.
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The investment firm posts a strong profit report, but shares slid.
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Steelcase Inc. SCS.N, the world's  largest office-furniture maker, on Thursday swung back to a  quarterly profit from the previous quarter, but warned that  rising steel prices would hurt results going forward.
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Shares of AK Steel and several other steel makers rose sharply Friday, despite a short trading day, on speculation that steel supplies in Japan are short.
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U.S. Steel Corp  posted a 35 percent decline in third-quarter profit on Tuesday, worse than Wall Street had expected, and forecast weak fourth-quarter earnings, sending the steelmaker's shares down 6 percent.
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NYSE Group Inc.  posted a fourth-quarter profit on Friday, reversing a year-earlier loss, but results were not as strong as some investors had hoped, and its shares fell.
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Greeting card maker American Greetings  Corp. AM.N on Wednesday posted a quarterly profit, reversing  a year-earlier loss, as licensing income and lower costs offset  flat sales.
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LONDON : Anglo-Dutch steelmaker Corus reported the first profit since its birth in 1999 thanks to cost cuts, rising metals prices and strong demand, notably from China.
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Corus Group Plc, the UK&#39;s biggest steelmaker, reported its first profit and revived plans to sell 500 million euros ($608 million) of bonds to refinance debt after it benefited from higher steel prices and cost cuts.
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The company reported net income for the fourth quarter of $632 million on restructuring moves and tax benefits, which more than offset lower aluminum prices.
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STEEL group Corus unveiled profits for the first time yesterday after soaring prices and a restructuring boosted the former British Steel business.
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Steel makers' gain is steel users' loss.
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Discount retailer Kmart Holding Corp. reported a third-quarter profit Wednesday, reversing a year-earlier loss, as asset sales and cost containment helped offset a further decline in sales.
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The company said fourth-quarter earnings fell from year-ago results that included a one-time gain. But adjusted profit exceeded expectations on Wall Street, driven by higher sales.