Brewer Helps Push Up Altria Profit
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Altria Group Inc. MO.N, on Tuesday  posted higher quarterly profit, as higher income from its stake  in brewer SABMiller Plc SAB.L and the weak dollar offset  weakness in domestic tobacco and its Kraft food business.
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The oilfield services provider said fourth-quarter profit rose almost 5 percent from a year ago, helped by growing business in the Eastern Hemisphere.
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Anheuser-Busch Cos Inc  said on  Wednesday quarterly profit rose nearly 11 percent as the  nation's largest brewer sold more beer at higher prices.
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The beer, wine and spirits company posted a quarterly profit far above Wall Street estimates, sending its shares up sharply.
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Anheuser-Busch Cos. Inc. BUD.N,  the largest U.S. brewer, said on Wednesday quarterly profit  rose, but domestic market share slipped and the company  forecast a tough year for growing profit in its beer business.
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Diageo Plc, the world's biggest   alcoholic drinks group, reported a 10 percent rise in annual   earnings, but its shares fell on dashed hopes the group might   raise its targets and the effects of a weaker dollar.
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Molson Coors Brewing Co.   reported quarterly profit on Thursday that trounced analysts expectations, aided by higher pricing and volume growth, sending its shares up more than 6 percent.
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Anheuser-Busch Cos. Inc. , said  on Thursday that quarterly net income rose on stronger domestic  beer shipments.
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CHICAGO (CBS.MW) -- Shares of Altria jumped more than 8 percent Thursday after the company&#39;s chief executive said 2004 earnings would come in at the high end of previous expectations and that the company is looking at splitting up.
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The nationâs largest brewer posted a 11 percent rise in profit as it sold more beer at higher prices.
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Altria Group Inc., the parent of tobacco company Philip Morris, Wednesday raised its regular quarterly dividend to 73 cents from 68 cents.
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The worldâs largest soft drink maker reported higher-than-expected quarterly profit on Wednesday, helped by higher sales, acquisitions and foreign exchange rates.
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SABMiller, the brewing company, said Thursday that its first-half profits rose 28 percent compared with the first half of the previous year.
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ConAgra Foods Inc  said on Tuesday that earnings in its third quarter, ending February 24, would come in higher than expected, thanks to strong performance of its trading and merchandise segment and its food and ingredients unit.
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Profits at mining group Xstrata more than double, boosted by acquisitions and rising metals prices.
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Molson Coors Brewing Co.   (TAPnv.TO) said on Thursday that quarterly net income rose,  helped by higher pricing and volume growth.
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Molson Coors Brewing Co.   said on Thursday that quarterly net income rose, helped by higher pricing and volume growth.