Shire Raises Guidance After Record Sales Growth

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Dublin-based drug maker Shire raised its earnings guidance after record sales growth, only a week after U.S. peer AbbVie pulled out of a $54 billion takeover.

Learn From Market Mistakes---Don't Just Repeat Them

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Investing in stocks tests our patience and flexibility. Here are four pitfalls to avoid.

LyondellBasell Earnings Rise 6.7%

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LyondellBasell Industries said its third-quarter earnings rose 6.7%, led by a 40% increase in operating revenue from the olefins segment in the Americas.

Cabot Oil Earnings Rise 44%

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Cabot Oil Gas Corp. said its third-quarter earnings grew 44% on the strength of higher production volume in key segments.

Bristol-Myers Sales, Profit Beat Estimates

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Bristol-Myers Squibb Co. reported a smaller-than-expected decline in third-quarter revenue, despite lost sales as the result of the pharmaceutical company’s exit of a diabetes alliance earlier this year.

'Cheap Chic' Gets Cheaper Yet

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Primark, the U.K. fast-fashion chain that sells T-shirts for a couple of pounds and doesn’t believe in online retailing, wants to make it big in the U.S. Its big selling point to America will be price.

Qantas Showing Signs of Recovery

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After reporting a record annual loss this year, Australia’s Qantas Airways turned a profit during its fiscal first quarter, its chief executive said.

U.S. Auto Sales Fuel GM Earnings

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General Motors reported a 14% drop in its third-quarter profit but beat analyst expectations as strength in North America offset weaker results in other regions of the world.

China CNR Bags Major U.S. Contract

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A Chinese railcar maker said it won the local industry’s first major contract in the U.S., with an agreement to supply 284 subway cars for $556.6 million to the state of Massachusetts.

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.

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