Earnings Roundup: Abercrombie, Michelin

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NEW ALBANY, Ohio (AP) Abercrombie & Fitch Co. said Friday that its fourth-quarter earnings rose 9 percent on increased sales from its expanding Hollister Co. chain that caters to teens and its abercrombie stores for children.

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PARIS (AP) Michelin, Europe's biggest tire maker by revenue, said Friday its profit rose 35 percent in 2007 as lower taxes and an improved operating performance more than offset a large restructuring charge.

ORRVILLE, Ohio (AP) J.M. Smucker Co., the largest U.S. producer of jams and jellies, said Friday fiscal third-quarter net income rose 5 percent, as higher raw material costs pressured profit, but adjusted results beat expectations.

NEW YORK (AP) Investment bank Rodman & Renshaw Capital Group Inc. said Friday it swung to a loss in the fourth quarter due to sharp revenue declines in fees and principal transactions.

EAST RUTHERFORD, N.J. (AP) Cambrex Corp., which makes active drug ingredients, said Friday it swung to a profit in the fourth quarter, as the company cuts costs and the weaker U.S. dollar helped revenue.

ATLANTA (AP) Georgia Gulf Corp. said Friday its fourth-quarter loss widened, as the building supplies maker took a series of charges related to the slumping construction sector.

MIAMI (AP) Benihana Inc., operator of a chain of Japanese theme and sushi restaurants, said Friday its fiscal third-quarter earnings fell 3 percent due to growth in expenses for food and operations.