Update 1: Carrefour&#39;s Profit Up on Robust Operations
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Carrefour, the world&#39;s No. 2 retailer said Wednesday that its profit increased 5.3 percent in the first half of the year, as robust international operations and lower finance costs helped it ride out tough conditions at its core French superstores.
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Credit Agricole SA, France&#39;s biggest bank, reported a 71 percent increase in third-quarter profit after setting aside less money for risky loans and lowering costs.
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French industrial group Bouygues posts a rise in profits after its construction unit counters losses at its telecom arm.
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The retailer reports strong earnings and lifts its outlook.
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The European Aeronautic Defence and Space Company said that strong defence operations and increased Airbus orders had led it to lift its operating profit forecast for 2004 to more than 2.3 billion euros (3.0 billion dollars) from 2.2 billion previously.
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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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The manufacturing conglomerate Tyco International, which is preparing to split into three separate companies, said yesterday its profit climbed 43 percent in its most recent quarter.
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French auto group PSA Peugeot Citroen reported on Wednesday a near five-fold profits leap on cost-cutting and strong sales.
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Diversified manufacturer Textron Inc.  TXT.N on Thursday posted a higher quarterly profit and lifted  its full-year earnings estimate on a strong performance by its  Cessna business jet division, sending its shares up nearly 5  percent.
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Diversified manufacturer United Technologies Corp.  posted a rise in quarterly profit, helped by strong infrastructure demand and a recovery in its aerospace business, the company said on Wednesday.
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Carrefour, the European retailer, posted a 3.3 percent rise in profit for 2006, with a weaker performance in its home market in France dampening robust growth elsewhere. The company said net profit was 1.86 billion euros ($2.44 billion), compared with 1.8 billion euros in 2005. Sales, which Carrefour reported in January, rose 3.4 percent, to 3.26 billion euros. The earnings report came the day after the chairman of Carrefourâs supervisory board, Luc Vandevelde, resigned in a shake-up.
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French banking group Societe Generale has reported that second-quarter net profit rose by 37.9 percent, with its finance and investment divisions posting strong growth amid market volatility.
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Procter & Gamble Co. PG.N  on  Wednesday posted higher quarterly profit, boosted by sales of  new products and continued gains in developing markets.
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Diversified manufacturer Tyco  International Ltd  reported higher quarterly profit on  Tuesday on demand from energy and industrial markets and an  improving performance at its ADT security division.
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Citigroup Inc.'s C.N fourth-quarter  profit rose 12 percent to a record as its consumer and  investment banking businesses grew, but it said 2005 profit  will likely be near the low end of Wall Street estimates.
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Peugeot Citroen unveils a rise in 2007 profits and says it is on track to double profitability by 2010.
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Rupert Murdoch&#39;s News Corp. posted a higher profit Wednesday for its fiscal first quarter, driven by strong revenue gains in its broadcast and cable TV operations.