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Thursday, 29 August 2013

10 fastest-growing companies named by Fortune magazine

(CBS News) Fortune magazine reveals their list of the Fastest Growing Companies on "CBS This Morning." Check out the companies the magazine named below:

1. Jazz Pharmaceuticals

Dublin, Ireland

Revenue at this biopharmaceutical company spiked 115% in 2012 from acquisitions and up-tempo sales of narcolepsy drug Xyrem.

2. HollyFrontier

Dallas

Oil refiner cashed in on price gap between U.S. and North Sea crude while it lasted; profits from gas and other refined products surged.

3. Questcor Pharmaceuticals

Anaheim, Calif.

The expanded prescription of its top drug, Acthar ($28,000 per vial), boosted this biopharma company's stock and revenue.

4. On Assignment

Calabasas, Calif.

This specialty temp-staffing firm more than doubled revenue after it acquired Apex Systems, a provider of IT professionals.

5. 3D Systems

Rock Hill, S.C.

The maker of 3-D printers has added layers of new capabilities through rapid-fire acquisitions and big investments in R&D.

6. CVR Energy 1

Sugar Land, Texas

A dip in crude prices helped this petroleum refiner and fertilizer company improve margins and achieve record profits.

7. Virtus Investment Partners

Hartford, Conn.

Diverse investment options and effective distribution channels drove rapid growth at this asset-management firm.

8. IPG Photonics

Oxford, Mass.

Demand for this manufacturer's high-powered lasers, especially in Asia and the U.S., pushed sales up 22% in the second quarter.

9. HFF

Pittsburgh, Pa.

The rebound of the commercial-property market meant record 2012 revenues for this real estate capital middleman.

10. Green Mountain Coffee Roasters

Waterbury, Vt.

Despite losing patent protection, single-serve K-Cups still jolt revenue as the coffee purveyor looks to percolate in new markets.


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