Airbnb Mulls Employee Stock Sale at $13 Billion Valuation

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Apartment-rental site Airbnb has met with investors to discuss an employee stock sale that would value the apartment-rental site at about $13 billion, according to people familiar with the matter.

LyondellBasell Earnings Rise 6.7%

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LyondellBasell Industries said its third-quarter earnings rose 6.7%, led by a 40% increase in operating revenue from the olefins segment in the Americas.

Apple and GT Reach Deal on Winding Down Sapphire-Materials Production

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GT Advanced and Apple reached an agreement on winding down production of sapphire materials.

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.

Pension Firms Attack EU Plans

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Europe’s pensions industry has accused its European Union regulator of over-reaching its authority by pursuing plans to develop what pension funds say amounts to a new and onerous capital regime.

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.

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