Agere Systems swung to a profit in the first quarter as operating costs fell by nearly a quarter. Ford Motor lost a staggering $12.7 billion in 2006 came amid slumping sales and huge restructuring costs. Pantry first-quarter earnings tumbled because gasoline sales were less profitable. Fiat SpA net profit soared as the core auto division posted a nearly five-fold earnings gain. Potash said stronger sales of its phosphate and potash fertilizers fueled a 59% increase in fourth-quarter earnings. |
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