At the same time, the stock market enjoyed a near-record year and companies reported robust profits.

Many of the nation's banks are expected to write off their bad housing loans against these robust profits.

The bank controls nearly one-fourth of the Indian banking business, and its robust profit reflects falling interest rates in the country.

Producers throughout North America are enjoying their best days since the early 1980's, with high prices and robust profits the prevailing industry trend.

Before the opening, there was talk about the essential strength of the American economy - the steady growth, robust corporate profits and low inflation.

The local economy, which had been anemic, has strengthened, largely because of robust profits on Wall Street, giving the city more tax dollars.

Flush with cash after four years of robust profits, airlines have been buying new planes and seeking new routes to fly them.

Earlier this month, Lehman had cautioned analysts not to expect robust profits for the quarter.

He also said the suitor had tax losses that could be used to shield Rexene's robust profits.

Over all, robust corporate profits and receding concern about a political confrontation with Iran helped stocks to recover.