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Business

  • Zimmer earnings up 16ápercent
    Zimmer Holdings Inc. on Thursday reported second-quarter earnings of $176.5 million, or $1.03 per diluted common share, on net sales of $1.18 billion. That’s a 16 percent increase over the $152.
  • Wal-Mart shakeup: Retail giant replaces US stores CEO
    Wal-Mart is replacing the chief of its U.S. discount stores in what could be an indication that it’s losing confidence that its largest business unit will rebound after more than a year of disappointing results.
  • Confidence up as layoffs dwindle
    The risk of losing your job is getting smaller and smaller.As the U.S.
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Ikea sees sales, market share grow

Buoyed by increasing demand for its popular furniture and accessories, Ikea says sales grew more that 3 percent to $38 billion in the latest fiscal year.

The world’s largest furniture retailer said Monday that market share grew in most regions, including Russia and China, and that “significant progress” was made in North America.

The Swedish company does not release quarterly figures. It gave no more details in a brief release on Monday, saying its full report for the fiscal year ending Aug. 31 will be published in January.

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