AT&T Risks Losing Prized Wireless Customers

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AT&T is enjoying its lowest-ever “churn” rate, but is also facing an uncomfortable situation: up to 10 million of its most lucrative wireless customers may be free to walk out the door.

USPS Wins Approval to Continue Grocery-Delivery Test

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The U.S. Postal Service this week won approval for a two-year grocery delivery test, giving letter carriers permission to continue to deliver totes containing food in the San Francisco area.

Will you either give or attend a halloween party?

FCC Delays Airwaves Auction

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The Federal Communications Commission said it is delaying to 2016 a highly anticipated spectrum auction in which TV broadcasters will sell airwaves so they can be used for mobile broadband.

Ford's Profit Falls 34%

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Ford said third-quarter income fell 34% from a year ago to $835 million as lower truck production and higher warranty and recall costs hurt results in its core North American operations and losses in Europe widened.

Chiquita Ends Banana Deal

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Chiquita has terminated its deal with Irish food company Fyffes and said it instead plans to enter negotiations with Cutrale-Safra, the coalition between a Brazilian orange juice maker and an investment firm.

UPS Sees 11% December Shipment Rise

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UPS said its revenue rose 5.7% in the latest quarter, boosted by a higher number of deliveries from overseas, and added that it expects shipments in December to jump 11% from a year ago.

P&G to Shed Duracell

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P&G said it plans to exit its Duracell business, with plans to carve off the leading battery brand with $2 billion in global sales into a separate company. The plan was announced as P&G reported flat sales and a 34% profit drop for its fiscal first quarter.

Delphi, Lear Post Higher Profits

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Auto-parts makers Delphi Automotive and Lear notched strong third-quarter profits and repurchased more shares as revenues topped the $4 billion mark amid strong demand in North America and China.

Amazon Stumbles on Spending

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Amazon’s soaring ambitions are coming at a steep cost, dragging the e-commerce giant to its largest quarterly loss in 14 years.

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