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Cost cutting boosts Lexmark's 4Q profit; company signals improving demand Lexmark - Business - Hewlett-Packard - Publishing and Printing - Printing
Printer and copier maker said last October that it would cut 825 jobs to save money, the second round of layoffs in a year as demand fell off during the recession.
Lexmark International Inc. said Tuesday that cost cutting helped boost its fourth-quarter profit, beating Wall Street forecasts and lifting the printer and copier maker's shares by 11 percent in premarket trading.
Feb. 6 (Bloomberg) -- U.S. stocks fell a fourth straight week, the longest streak since July, as concern grew that widening budget deficits in Europe will slow the economic recovery. A 167-point rally in the Dow Jones Industrial Average during the final hour of trading failed to erase losses.
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