Profit Quadruples at AK Steel
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The company said earnings jumped because of shipments recovered after a labor dispute and a rise in demand for specialty metals used in power plants.
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The No. 2 U.S. oil company reported a rise in quarterly profit pumped up by record oil and gas prices and gains on asset sales.
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Anglo-Dutch steelmaker Corus has reported a profit for the first time since it was formed in 1999. Surging steel prices have helped the company lift earnings, and it has cut jobs and sold a number of businesses.
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The company said quarterly profit would be higher than analystsâ estimates and it raised its full-year outlook as exchange rates and price and volume increases offset high commodity costs.
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The online retailer announced Tuesday that its second-quarter net income increased more than threefold, with revenue up 35 percent.
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Newmont Mining Corp. , the world's second-largest gold producer, said on Thursday that fourth-quarter profit more than tripled on much higher gold prices.
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By Reuters. Two of the biggest American steel companies reported dramatic third-quarter turnarounds yesterday, with robust profits driven by surging steel prices that reversed year-earlier losses.
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Another round of good results brings another boost in the stock price.
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Rio Tinto Ltd./Plc.'s   second-half net profit rose 25 percent, driven by higher prices for key commodities such as iron ore, aluminum and copper, and said capacity was fully stretched as it tries to meet demand.
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Global mining giant Anglo American said its net profit struck 7.304 billion dollars (4.963 billion euros) last year, up 18 percent on 2006, boosted by high output and soaring metals prices.
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PITTSBURGH -- US Steel Corp. swung to its third consecutive quarterly profit, helped by higher prices and a tax gain, to beat analysts&#39; earnings estimates.
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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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PARIS : European steelmaker Arcelor said net profit in the third quarter surged by more than sixfold and forecast a strong fourth quarter amid &#39;healthy&#39; growth in the global steel market, driven by Chinese demand.
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Shares in Africa's biggest steel producer surge to a record high on the back of strong interim profits
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The company posted higher quarterly earnings per share, as  a fee related to the 1999 sale of a tobacco business offset  higher commodity prices.
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Applied Materials Inc. , the top supplier of equipment for making microchips, on Tuesday said first-quarter profit nearly tripled and that second-quarter revenue could rise as much as 5 percent, sending its shares up 4.5 percent.
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The appliance maker's fourth-quarter profit soars on international sales.