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Stanley Black & Decker’s Profit Rises as Cost-Cutting Continues

By Ben Glickman

Stanley Black & Decker’s profit topped expectations in the second quarter as the company continued to reduce costs.

The New Britain, Conn.-based tool maker said it posted a second-quarter profit of $177 million, or $1.18 a share, compared with a profit of $87.6 million, or 51 cents a share, a year earlier. Analysts polled by…

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