Tesco Chairman to Step Down

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Tesco said Chairman Richard Broadbent would step down as it revealed the accounting practices that led to an overstatement of its profit had occurred in prior periods as well.

Janus Says Profit Rises 25%

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Bond kingpin Bill Gross’s new home, Janus Capital Group, said its profit rose 25% as its revenue and assets under management grew.

London Real-Estate Market May Be Cooling

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Homes in the U.K. capital have been among the hottest global assets in recent years, but signs continue to suggest the heat is escaping.

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.

GM's Finance Unit Receives Additional Subpoenas

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General Motors Co. said its GM Financial lending arm received additional investigative subpoenas in September from government officials relating to its subprime auto finance business and how it securitizes those loans.

AMC Networks to Take Operational Control of BBC America

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AMC Networks Inc. is acquiring a 49.9% stake in BBC America, taking control of affiliate and advertising sales for the cable channel that is home to “Doctor Who,” “Orphan Black” and “Top Gear.”

J&J Unit Wins Texas Suit Regarding All-Metal Hip Implant

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Johnson & Johnson received a favorable verdict Thursday from a Texas jury in a trial regarding the company’s all-metal hip-implant product.

J.P. Morgan Warned on China Hiring Before Probe

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Several executives at J.P. Morgan Chase in New York were warned of potential problems related to the bank’s hiring practices in China more than a year before the program came under scrutiny by the U.S. government.

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.

Pandora Media Loss Narrows; Listener Hours Up 25%

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Pandora Media reported a 25% increase in the number of hours listeners tuned in during the third quarter, the first year-to-year comparison since the Internet radio giant ended its 40-hour free-listening monthly cap.

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