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Ingersoll-Rand Profit Jumps

Ingersoll-Rand PLC’s fourth-quarter earnings rose 52%, but the company’s profit came in below expectations because of rising costs for raw materials, reported The Wall Street Journal. The industrial conglomerate’s 7.1% operating margin for the quarter ended Dec. 31 was up from a year earlier, but down from the third quarter, highlighting the cost of materials … Read More »

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