Merck Profit Jumps 62 Percent
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The drugmaker posted third-quarter net income of $1.53 billion as revenues increased by double digits, while lower costs offset more spending on research and development.
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Strong sales of new vaccines and treatments help US drugs group Merck unveil a sharp rise in quarterly profits.
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The drug maker said net income rose 6 percent to $926.3 million and it raised its outlook for the year.
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Adobe Systems Inc.'s income rose 62 percent in its latest quarter on stronger-than-anticipated revenue growth.
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Merck & Co  reported a better-than-expected profit on Monday, helped by sales of its vaccines and cholesterol drugs, and raised its 2007 profit forecast.
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The Swiss pharmaceutical giant, Novartis, on Tuesday announced an 18 percent increase in second quarter net profit to 2.02 billion dollars (1.46 billion euros) and reiterated its forecast of record profits this year.
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Hasbro said its third-quarter profit climbed 62 percent on higher sales led by Transformers and Spider-Man toys and a favorable tax adjustment.
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Barrick Gold and Newmont Mining said profit surged in the fourth quarter as the price of bullion jumped.
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FRANKFURT/LONDON  - Shares in German drugs group Merck KGaA  jumped 6 percent on Tuesday on news Erbitux improves overall survival in lung cancer patients, offsetting earlier doubts about the drug's value in treating the disease.
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UnitedHealth Group Inc. UNH.N, the  second biggest managed health care company, on Thursday said  profit rose as its premiums outpaced the soaring cost of  medical care.
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The pharmaceutical's net revenue jumps 77%.
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CVS Corp. , the No. 2 U.S.  drugstore chain, posted a 2.7 percent rise in quarterly profit  on Thursday, driven by strong sales of prescription medications  and greater use of generic drugs, which are more profitable for  pharmacies.
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The drugmaker's Q2 boasts 12% earnings growth.
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Rising textbook sales and strong growth in international bond ratings at its Standard & Poorâs unit helped lift earnings to $452 million, the company said.
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Royal Dutch Shell Plc posted a 2.6 percent rise in underlying quarterly profits on Thursday, beating analysts' forecasts, thanks to higher production and strong oil prices.
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Better-than-expected profit news from Merck also raised the mood on Wall Street, helping shares partly recover from a steep sell-off Friday.
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Shares of drugmaker Merck & Co. Inc.  traded 1.52 percent higher on volume of more than 61,000 shares in pre-market dealings on Friday, a day after the stock plunged to an eight-year low after the company withdrew its arthritis drug Vioxx.