The double-digit increase in the sales of the multiple myeloma drug Revlimid of Celgene Corp. contributed to its 37% leap in quarterly profits. Celgene, a biotechnology company based in the U.S. said that it is confident that its recently acquired treatment for Crohn’s disease will help maintain its profitability. According to the RBC Capital Markets […]
American Airlines Records Higher Third Quarter Profits
For the third quarter of the year, American Airlines sees profits rise by 87% because of the plummeting fuel costs. The world’s biggest airline based on passenger traffic earned a third-quarter profit that amounts to $942 million with a combined net income of American and US Airways last year of $505 million. American Airlines and […]
3M Co. Posts Rise in Quarterly Profit with Jump in U.S. Sales
3M Co, a diverse maker of adhesives, abrasives and various other products in the U.S., posted an increase of 5.85 in its quarterly profits that exceeded most estimates. This rise is driven by a jump of sales in the U.S., cost control and strong pricing. The 3M Co shares in Dow Jones Industrial Average went […]
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