Activist Investor Takes Agrium Stake

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Activist investor ValueAct Capital Management disclosed a 5.7% stake in Canadian fertilizer giant Agrium Inc., which last year beat back a challenge from Jana Partners.

Chiquita Ends Fyffes Banana Deal

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Chiquita has terminated its deal with Irish food company Fyffes and said it plans to enter negotiations with Cutrale-Safra, the coalition between a Brazilian orange juice maker and an investment firm.

Apple's Ex-Retail Chief Readies Service for Web Shoppers

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Ron Johnson, who helped build Apple’s successful retail stores before a troubled stint as J.C. Penney CEO, is readying a well-funded startup that aims to help online shoppers find the right products.

UPS Sees an 11% Jump in Shipments in December

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UPS said its revenue rose 5.7% in the latest quarter, boosted by a higher number of deliveries from overseas, and added that it expects shipments in December to jump 11% from a year ago.

P&G to Exit Duracell Battery Ops

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P&G said it plans to exit its Duracell battery business and will likely split the operation off into a separate company, part of its plan to shed up to half its brands to simplify and speed sales growth.

Uncool Microsoft Is Hot Once Again as Sales Defy Expectations

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Microsoft’s sales continue to defy expectations by growing at a much faster clip than those of its business-technology peers.

Cabot Oil Earnings Rise 44%

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Cabot Oil Gas Corp. said its third-quarter earnings grew 44% on the strength of higher production volume in key segments.

Ford's Profit Falls

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Ford said third-quarter net income fell to $835 million from $1.27 billion a year ago as lower production, and warranty and recall costs led to lower profits in North America, and losses in Europe hurt results.

Bristol-Myers Sales, Profit Beat Estimates

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Bristol-Myers Squibb Co. reported a smaller-than-expected decline in third-quarter revenue, despite lost sales as the result of the pharmaceutical company’s exit of a diabetes alliance earlier this year.

IMF Warns on Eastern Europe Income Convergence

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Progress toward closing the gap in incomes between eastern and western Europe has stalled, and in some cases is going in reverse, the International Monetary Fund said.

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