Rio Tinto, BHP Chart Divergent Courses

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As BHP Billiton executives work on plans to slim down their business, their counterparts at Rio Tinto are taking a different tack.

GoPro Developing Consumer Drones

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GoPro is developing its own line of consumer drones to expand from its core business of making wearable video cameras popular with surfers and other sports enthusiasts.

Novartis Heart-Failure Treatment to Get Speedy EU Review

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Novartis said an important new drug for treating heart failure has been granted an accelerated review by European authorities, improving its chances of approval in Europe next year.

Wal-Mart Makes Cuts in China

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Wal-Mart Stores Inc. is cutting nearly 30 directors and midlevel managers in China, where the retailer is pushing to contain costs and improve slumping sales.

E.On to Sell Spanish Assets

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German power utility E.ON has agreed to sell its Spanish assets to Australia’s Macquarie Group and Kuwait’s sovereign-wealth fund in a deal worth $3.1 billion.

Rémy Cointreau Takes a Bet on China

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The French drinks maker is convinced that ultra-rich Chinese will again sip from the world’s most expensive bottles of cognac following a slump in demand that stems from an anticorruption campaign.

Yes, Virginia, There Is a Stock Rally

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Ahead of the Tape: December’s ‘Santa Claus rally’ appears to have gotten better with age, as the past five years have seen the S&P 500 gain nearly 2.5% on average during the month.

British Airways' Parent Saves on Plumbing

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Tired of flushing money away, British Airways parent IAG has sought to cut costs in unusual places, like its lavatories.

Cox Communications Sued by Music Publishers

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Two music publishers are suing Cox Communications, saying the cable company is deliberately turning a blind eye to illegal downloading by its broadband subscribers.

Peruvian Potatoes Pack a Peck of Problems

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A team of agricultural specialists and customs officers are manning their posts at JFK airport, making use of floppy-eared beagles to sniff out contraband, and a massive industrial grinder to destroy it.

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