Royal Dutch Shell Sells More Nigerian Assets

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Shell has now made sale and purchase agreements for four Nigerian oil blocks as violence and rampant oil theft in the Niger Delta have recently led foreign oil giants to sell their blocks to smaller, mostly local players.

Diaper Business Squeezed At Huggies Maker Kimberly-Clark

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Kimberly-Clark Corp.’s diaper business is getting squeezed in the middle. The company’s Huggies diapers posted a double-digit decline in sales volume for the third quarter in North America amid sharp declines in the brand’s mid-priced diaper line, Huggies Snug & Dry.

Bertelsmann To Buy Relias Learning

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Bertelsmann SE, Europe’s largest media company, said it would push farther into the growing field of online education with the acquisition of Relias Learning LLC for an undisclosed amount.

SEC Is Steering More Trials to Judges It Appoints

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The Securities and Exchange Commission is increasingly steering cases to hearings in front of the agency’s appointed administrative judges, who found in its favor in every verdict for the 12 months through September, rather than taking them to federal court.

Reynolds American Profit Rises

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Reynolds American said cigarette volumes slipped again, but revenue and profit grew thanks in part to higher prices. The results topped analysts’ expectations.

Actelion Boosted by New Drug

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Strong sales of a new drug helped push Actelion’s earnings higher in the third quarter, prompting Europe’s biggest biotech to upgrade its full-year guidance.

Akzo Nobel Lifted by Cost Cutting

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Akzo Nobel said third-quarter profit rose 32% driven by cost savings and lower restructuring and financing costs, adding that it was on track to meet its 2015 targets despite a fragile economy.

Adidas CEO Faced With Choice on Reebok

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Adidas CEO Herbert Hainer needs to decide if it’s better to welcome an unsolicited bid for the Reebok unit and cash out now on a nascent recovery in the brand or double down on a more pronounced rebound.

Misery Widespread at Hedge Funds

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This month’s turmoil in financial markets has been a “bloodbath” for hedge funds, inflicting large losses at an array of multibillion-dollar firms in the industry’s worst stretch since late 2011.

Bargains Are Found in Russian Markets

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Investors are hunting for bargains in Russia’s battered financial markets, in a bet the country can ride out the pain of Western sanctions and plunging oil prices.

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