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Business briefs.

IPG revenue up 10%

OXFORD -- Revenue at IPG Photonics Corp. rose 10 percent in the third quarter as it sold more high-power lasers for materials processing in Asia.

The company said Friday that revenues increased to $172.2 million from $156.4 million in the same quarter last year. Profit stayed about flat at $42.3 million, or 81 cents per diluted share, compared with $42.4 million, or 81 cents per diluted share a year earlier, as IPG spent more on growing its operations. It ended the quarter with $398.4 million in cash.

-- Priyanka Dayal McCluskey

Still too sheer

NEW YORK -- Just a few months after Lululemon Athletica pulled yoga pants from shelves because they were too sheer, costing the company millions in sales, it's fielding new complaints that the pants are still too sheer.

New yoga pants have since made their way into stores, but recent complaints on the Canadian company's website and Facebook page are that the pants are still too sheer, pilling after just a few uses, holes and seams coming apart.

-- The Associated Press

Wal-Mart ups ante

NEW YORK -- Wal-Mart Stores Inc. upped the ante on holiday shopping, with shoppers able to buy seven big deals, like TVs and tablets, online after midnight Friday. The world's largest retailer is also pushing another 300 holiday deals on its website, from toys to home decor.

-- The Associated Press
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Title Annotation:Business
Publication:Telegram & Gazette (Worcester, MA)
Date:Nov 2, 2013
Words:232
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