Sprint Tries a Facebook-Only Plan

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Sprint will soon let subscribers buy a wireless plan that only connects to Facebook, Twitter, Instagram or Pinterest for about $12 a month.

Phillips 66 Profit Falls

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Phillips 66said its second-quarter earnings fell 9.9% amid weaker refining earnings, partly offset by growth in its chemicals segment.

Fiat Profit Plunges on Weak Sales

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Fiat said profit plunged in the second quarter as weak results in Europe and Latin American together with a tax charge related to U.S. earnings wiped out improvements in Asia and an increase in sales of luxury models.

Sprint Swings to Profit

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Sprint said it swung to a profit in its fiscal first quarter, as its operating expenses declined and it narrowed its loss of the most lucrative contract customers.

Dominion Resources Profit Falls 21%

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Dominion Resources said its second-quarter earnings declined 21%, dented by milder weather and a one-time legislation-related charge.

Peugeot Car Unit Returns to Profit

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Stiff cost cuts helped French car maker Peugeot Citroën's automobile unit to nose back into the black in the first half for the first time in three years, paring the overall company's losses amid rising sales in Europe and China.

Valero Profit Rises as Refining Volume Jumps

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Valero Energy said its second-quarter profit rose 26% as the company's refining segment recorded higher volumes and operating income.

Pfizer To Buy Baxter's Vaccines

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Pfizer said it has agreed to acquire Baxter's portfolio of marketed vaccines for $635 million.

IRS Blesses Telecom's REIT Turn

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Windstream's plan to spin off some of its telecommunications assets into a real estate investment trust comes as more U.S. companies seek to lower their taxes.

FTD To Buy Provide Commerce for $430 Million

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FTD Cos. agrees to buy the Provide Commerce flower and gifting businesses from Liberty Interactive for $430 million in cash and stock.

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