Altria's Profit Drops Amid Lower Cigarette Shipments

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Altria Group said first-quarter income declined 15% as lower cigarette shipments continued to weaken results.

Strong Won Weighs on Hyundai

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Hyundai Motor's first-quarter net profit fell as a stronger South Korean currency hurt its competitiveness in overseas markets.

Nokia Indian Plant Likely to Be Excluded From Microsoft Deal

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Unable to solve a long spun tax dispute with Indian tax authorities, Nokia Corp. on Thursday said it is unlikely that it would be able to include a massive phone plant in India in a wider deal to transfer its phone business to Microsoft Corp.

Burberry To Open Online Store on Alibaba's Tmall

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U.K. luxury brand Burberry PLC is opening an online store on Alibaba Group Holding Ltd.'s Tmall e-commerce platform, according to people familiar with the plans.

Apple Moves to Reward Investors

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Apple, in a nod to restive shareholders, added $30 billion to its stock-buyback plan, raised its dividend about 8% and declared a 7-for-1 stock split, as it reported strong iPhone sales that defied expectations of a slowdown.

Dunkin' Brands Profit Hurt by Weather

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Dunkin' Brands Group Inc. said first-quarter earnings fell 3.5%, as the restaurant operator warned that bad winter weather cut a hole in its results.

Patent Expirations Hit Eli Lilly Earnings

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Eli Lilly & Co. continued to feel the strain of patent expirations for some of its bigger-selling drugs in the first quarter as profit fell 53% and the company lowered its earnings outlook for the year.

Alstom Shares Soar on GE Takeover Speculation

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Shares in Alstom soared Thursday, even after the company said it wasn't aware of a takeover bid from General Electric Co.

Aetna Raises Outlook on Strong Quarterly Growth

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Aetna said its first-quarter net income jumped 36% amid higher membership and revenue thanks to its acquisition last year of Coventry Health Care. The health insurer raised its full-year earnings forecast.

Stanley Black & Decker Profit Soars

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Stanley Black & Decker Inc. said its first-quarter profit nearly doubled as it posted higher sales in its two biggest segments.

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