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.

Novartis Profit Rises

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Novartis said first-quarter net profit rose more than 20% from a year earlier as it embarks on a major overhaul of its sprawling operations.

Time Warner Cable Profit Jumps on Higher Subscriptions

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Time Warner Cable said its first-quarter profit jumped 19% as the pay-TV and Internet provider logged growth in high-speed data and business services revenue, while adding to its overall residential subscriptions.

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