Lear Profit More Than Doubles on Strength in North America

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Lear Corp. said its fourth-quarter profit more than doubled as the automotive-seating and electric-systems company posted strong growth in North America, its largest region.

AbbVie Results Top Expectations

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AbbVie Inc. reported fourth-quarter results that topped Wall Street expectations amid strong sales growth, even as expenses related to its scuttled merger with Shire PLC dragged the company to a loss.

China Regulator in Spotlight Over Counterfeits

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Alibaba Group’s public fight with the Chinese government over fakes is putting a spotlight on a little-known but increasingly aggressive regulatory agency that is seeking greater sway over the country’s vast e-commerce market.

Tyson Foods Tops Expectations on Surging Sales

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Tyson Foods posted a better-than-expected 24% jump in revenue in its December quarter as sales in its packaged food segment surged. The results topped Wall Street expectations.

Consol Energy Posts Higher Revenue, Production

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Consol Energy Inc. said its revenue and production volume rose in the most recent quarter.

Altria Sales Grow on Higher Prices

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Altria Group posted increased revenue in the fourth quarter as higher prices offset a decline in cigarette volume. The cigarette maker also said its operating chief, Dave Beran, would retire March 1 after nearly four decades with the company.

Bank of Russia Cuts Interest Rates

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Russia’s central bank unexpectedly cut its key interest rate by two percentage points, saying a sharp economic slowdown would soon ease inflationary pressures, prompting the ruble to fall.

Flight Attendant Claims Pressure to Cover Up 'Nut Rage' Incident

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The flight attendant at the center of the “nut rage” incident involving the daughter of the chairman of Korean Air said she lied about what happened because she felt pressure from company executives to speak well of the heiress.

BT Plans $2.3 Billion Pension Plug

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BT Group plans to inject $2.3 billion into its pension plan by the end of April as part of a new 16-year program at the British telecom operator to shrink its multibillion-dollar pension-fund deficit.

Eli Lilly Sales Hit by Patent Expirations, Currency

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Eli Lilly and Co. said foreign-exchange pressures weighed on sales in the most recent quarter as the pharmaceutical company continued to suffer the impact of patent expirations on some of its key drugs.

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