Toyota Confirms Sale of Part of Tesla Stake

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Toyota said Friday it has sold some of its stake in Tesla Motors, days after German luxury car maker Daimler disclosed it had divested its Tesla shares for a sizable gain.

P&G to Shed Duracell

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P&G said it plans to exit its Duracell business, with plans to carve off the leading battery brand with $2 billion in global sales into a separate company. The plan was announced as P&G reported flat sales and a 34% profit drop for its fiscal first quarter.

Chiquita Ends Banana Deal

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

Ford's Profit Falls 34%

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Ford said third-quarter income fell 34% from a year ago to $835 million as lower truck production and higher warranty and recall costs hurt results in its core North American operations and losses in Europe widened.

UPS Growth Fueled by Increase in Shipments in U.S. and Abroad

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United Parcel Service Inc. reported robust third-quarter growth, fueled by an increase in package shipments both in the U.S. and abroad and the strongest increase in domestic business-to-business deliveries in several years, signaling a strengthening U.S. economy.

Indonesia Plays Legal Hardball

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Indonesian prosecutors are increasingly bringing criminal charges against employees of large companies for allegedly causing losses to the state, a development that is chilling the business community there.

Trinity to Stop Shipments of Guardrail Systems

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Trinity Industries said its Trinity Highway Products unit will stop shipments of its ET-Plus guardrail systems until more crash testing is completed.

Apple iTunes Sees Drop in Music Sales

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Digital music sales at Apple iTunes store have fallen 13% to 14% world-wide since the start of the year, according to people familiar with the matter, underscoring the fragility of the music industry’s nascent recovery.

H-P Shops China Networking Unit

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H-P is seeking a buyer for its corporate-networking business in China, in a deal that could return the operation to local control, according to people familiar with the situation.

The New Rules of Estate Planning

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A higher exemption for the federal estate tax is shifting the focus to minimizing capital-gains taxes and state levies. Here are the latest strategies.

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