Borders Profits Rise, Raises Outlook
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Borders Group Inc. BGP.N, the No. 2  U.S. bookseller, on Tuesday said quarterly earnings rose,  beating estimates by the company and Wall Street, largely  because of stronger-than-expected book sales.
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Borders Group Inc. on Tuesday revised its third-quarter outlook to a loss of 1 cent to 3 cents per share because of slumping sales. The nation's second-largest bookseller previously had forecast earnings of as much as 3 cents per share.
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United Parcel Service Inc. (UPS.N: Quote, Profile, Research) said on Thursday its quarterly profit rose but missed analysts&#39; expectations as rising oil prices offset strength in its international and non-package businesses.
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Merck & Co  on Monday said its  third-quarter profit rose sharply, helped by sales of its  vaccines and cholesterol drugs, and raised its 2007 profit  forecast in view of strong current trends.
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Borders Group Inc. (BGP.N), the No. 2 U.S. bookseller, on Tuesday said quarterly earnings rose, beating estimates by the company and Wall Street, largely because of stronger-than-expected book sales.
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International Paper Co. IP.N, the  world's largest forest products company, on Thursday said its  quarterly profit rose on solid volumes higher paper prices.
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Continental Airlines  posted a better-than-expected 15 percent increase in quarterly earnings on Thursday on strong demand for trans-Atlantic and other international flights.
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Retailer Office Depot Inc.  on Thursday posted a higher quarterly profit, driven by sales growth in North America.
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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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OTTAWA (CP) - Profits at Canadian retailers are forecast to rise by nearly one-third this year, according to a report by the Conference Board of Canada.
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Borders Group Inc  said on  Thursday sales in the holiday period rose 2.4 percent at its  Borders bookstores open at least one year, outperforming rival  Barnes & Noble Inc  and sending Borders shares higher.
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Office supplies retailer Office Depot  Inc.  on Friday said quarterly profit rose, helped by  sales in North America.
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Package delivery company FedEx Corp.   said on Wednesday that quarterly net profit increased  27 percent on strong international and U.S. economic growth,  beating market expectations.
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Borders Group Inc. , the No. 2 U.S. bookseller, on Wednesday revised its profit forecasts for the 2004 and 2005 fiscal years to reflect a charge related to accounting practices on leases.
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FedEx Corp., the world&#39;s top air-express shipper, said Thursday quarterly profit more than tripled on strength in its international, ground and freight businesses, and the company raised its full-year earnings forecast.
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Carnival Corp. & Plc  , the world's largest cruise operator, posted slightly higher quarterly profit on Tuesday as growth in Europe more than offset weakness in the Caribbean.
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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.