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Companies Are Wringing More From Less


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COMPANIES ARE WRINGING MORE FROM LESS

Is the economy stalled? You would never know it by looking at BUSINESS WEEK's flash report of second-quarter results. Sales increased by 6%, and profits jumped 16% over a healthy year-ago quarter, thanks primarily to cost cutting. There were some turnarounds in the quarter: Sears staged a profit rally, and American Airlines' parent managed to move into the black.


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