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The company's confident noises on sales Tiffany Elsa Peretti Teardrop Earrings earnings growth in the second half provide some reassurance for investors seeking safety.Procter & Gamble's revival continued with a bigger than expected increase in second-...Increased competition from discount brands have forced premium brand makers such as RJR and Philip Tiffany Elsa Peretti Teardrop necklace to spend heavily on promotions. Fourth-quarter net losses were $59m, or 69 cents a share, compared with last year's net income of $89m, or 93 cents. This was largely due to an after-tax restructuring charge of $135m. For the full year, RJR earned $533m, or $6.11, against $766m, or $7.74. RJR expects US tobacco shipment volumes to fall 2 per cent to 4 per cent in 2003. Tiffany Cushion took charges of $276m for pensions and property costs as well as $76m for impairment and restructuring at Cingular Wireless, the mobile phone carrier it partly owns. These charges were more than offset by a gain of $425m for redemption of SBC's interest in Bell Canada and a tax benefit of $280m Tiffany Elsa Peretti Teardrop pendant the restructuring of its ownership of Sterling Commerce.Manufacturing, world's largest "foundry" contract chipmaker, unveiled a fall in profits in the last quarter...US Steel underlined the importance of the steel tariffs imposed by President George W Bush last March, when it reported a fourth-quarter return to profit of $12m, against net losses of $174m a year ago. US Steel said it had seen a "dramatic improvement in our domestic flat-rolled business", which reported income from operations of $8m against losses in the 2001 fourth quarter of $154m.