Tyco Reports Profit as Electronics, Health Sales Rise
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Tyco International Ltd., the world&#39;s biggest maker of security systems, reported a fourth-quarter profit of $454 million as electronics and health-care sales rose and Chief Executive Officer Edward Breen cut costs.
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Healthy sales of software and technology services helped fourth-quarter profit rise 12 percent at International Business Machines Corp., which had already disclosed that the results would be way ahead of analysts' forecasts.
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Walgreen Co. , the top U.S. drugstore chain, on Monday said quarterly profit rose 18.1 percent due to rising prescription demand and strong sales of profitable nonpharmacy merchandise.
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Sysco Corp. (SYY.N), the largest U.S. distributor of food to restaurants and hospitals, on Monday said quarterly profit rose as an extra week in the period and acquisitions helped offset the effects of higher food prices.
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Abbott Laboratories Inc. ABT.N on  Thursday posted higher third-quarter profit, helped by surging  demand for its new arthritis drug and rising sales of medical  devices.
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UnitedHealth Group Inc. , 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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Biogen Idec Inc.  said on Thursday that fourth-quarter earnings rose on higher sales of its cancer and multiple sclerosis drugs.
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Eastman Kodak Co  said on Wednesday its fourth-quarter profit rose, driven by sales of digital products such as inkjet printers.
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Medco Health Solutions Inc. , one of the largest U.S. managers of drug benefits, said on Wednesday that profit rose 29 percent, as higher rates of mail-delivered generic drugs drove better profit margins, and it lifted its full-year earnings forecast.
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Tyco International Ltd.  aims to  rely on gaining ground in its core markets, including fire and  security systems, and increase core revenue 4 percent to 6  percent annually after it spins off its electronics and  health-care business, company officials said on Tuesday.
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Circuit City Stores Inc. CC.N on   Wednesday reported higher-than-expected quarterly profit,   driven by strong sales of flat-panel televisions and laptop   computers during the back-to-school shopping season, and   fine-tuned its sales forecasts higher.
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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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Electronic Data Systems Corp. reported a higher quarterly profit on Wednesday, boosted by a surge in new orders for its technology services.
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Circuit City Stores Inc. CC.N on   Wednesday reported higher-than-expected quarterly profit driven   by strong sales of flat-panel televisions and laptop computers   during the back-to-school shopping season.
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Eli Lilly and Co  on Tuesday  said fourth-quarter profit rose on higher-than-expected sales  of its medicines, including strong demand for its newer  treatments for depression, diabetes and cancer.
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Tyco International Ltd. on Thursday said its board approved an eightfold increase to its quarterly dividend and backed its first-quarter and full-year earnings estimates.
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CVS Corp. , the No. 2 U.S. drugstore chain, posted higher quarterly profit on Thursday, driven by strong sales of prescription medications.