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Sam SchechnerLauren Pollock; Jenny Roth Fossil Inc., a maker of watches and fashion accessories, said its fourth-quarter profit surged 38% helped by stronger margins and revenue growth. Author: Lauren Pollock; Jenny RothFossil Inc., a maker of watches and fashion accessories, said its fourth-quarter profit surged 38% helped by stronger margins and revenue growth.The Discount Tiffany Bracelets beat the retailer's own rosy forecasts for the quarter.The retailer had seen sharp revenue gains amid robust wholesale shipments and strong same-store sales in recent quarters. Some retailers have benefited from consumers loosening their grip on their wallets.Fossil reported earnings of $96.7 million, or $1.46 a share, up from $70 million, or $1.03 a share, a year earlier. Revenue jumped 33% to $701.1 million.

In November, the company forecast fourth-quarter earnings of $1.26 to $1.30 a share with sales up 21% to 23%, well ahead of estimates at the time.Gross margin increased to 57.1% from 56.4%.Fossil posted 28% revenue growth at the direct-to-customer business, while wholesale sales in North America jumped 43%.Looking ahead, the company forecast Discount Tiffany Cuff Links -quarter earnings of 62 cents to 65 cents a share on a 28% to 30% revenue gain. Fossil also forecast 2011 earnings of $4.22 to $4.32, including a favorable 10-cent impact thanks to the weaker dollar, on 19% to 21% sales growth.Colombia's largest rebel group, the Revolutionary Armed Forces of Colombia, or FARC, announced in December the "humanitarian" plan Discount Tiffany Earrings release a half dozen hostages and said it was asking the government for nothing in return.

JAPANCentral Bank RaisesEconomic AssessmentThe Bank of Japan's policy board kept its easy monetary policy unchanged Tuesday but raised its assessment of the broader economy for the first time in nine months.The policy board voted unanimously at the end of a two-day meeting to leave the unseured overnight call loan rate at a 0.0%-0.1% range."Japan's economy is Discount Tiffany Key Rings emerging from the current deceleration phase," the central bank said in a statement released together with the rate decision.-- Megumi Fujikawa---AFGHANISTANTaliban Suicide BomberStrikes Mall in KabulA Taliban suicide bomber ripped apart the entrance to Kabul's sole Western-style shopping mall, killing at least two security guards.