BT Strikes Netflix Deal as Profit Falls

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BT Group PLC said it struck a partnership deal with Netflix to add the U.S. entertainment streaming platform to its growing television service, even as the British telecom incumbent posted lower quarterly profit and revenue.

ConocoPhillips's Earnings Rise

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ConocoPhillips said its third-quarter earnings grew 9% on increased oil and gas production, despite a drop in selling prices.

Chinese Auto Maker SAIC Sees Profit Grow 5%

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SAIC, China’s largest auto maker by sales, said its third-quarter net profit rose 5% on solid sales gains at its joint ventures with Volkswagen and GM.

Time Warner Cable Profit Drops

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Time Warner Cable Inc., still awaiting regulatory approval for its deal to be bought by larger peer Comcast Corp., said its third-quarter profit fell 6%, missing expectations, as the company lost subscribers.

Energy Boom Can Withstand Steeper Oil-Price Drop

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Oil prices would need to fall at least another $20 a barrel to choke off the U.S. energy boom, industry experts say, though some smaller American producers would face serious problems from a more modest decline.

Lenovo Completes Motorola Acquisition

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Lenovo Group said Thursday it has completed its $2.91 billion acquisition of Motorola Mobility, as the world’s largest personal-computer maker continues its expansion in the global smartphone market.

Cigna Results Exceed Expectations

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CignaCorp. again raised its guidance as fee and premium revenue grew along with its customer base.

Vale Swings to Surprise Loss

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Brazilian mining giant Vale surprised investors by coughing up a net loss in the third quarter due a sharp depreciation in the local currency and the lowest iron-ore prices since 2010.

Alcatel-Lucent Narrows Losses

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Network-equipment company Alcatel-Lucent narrowed its loss in the third quarter and reduced the amount of cash it burns after managing to wrestle down costs.

Sanofi Fires CEO as Tensions Boil Over

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The French drug maker dismissed Christopher Viehbacher because of his uncommunicative management style, the chairman said.

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