Corning profit soars on TV glass demand

Corning Inc. said Tuesday its profit almost tripled in the fourth quarter on surging sales of glass for flat-screen televisions and computers.

The world’s largest maker of liquid-crystal-display glass, accounting for nearly two-thirds of the market, expects industry volume to grow 16.7 percent to 2.8 billion square feet this year from an estimated 2.4 billion square feet in 2009.