Some of the pessimism is based on worries about pressure on the stock as its former parent company, Altria Group, continues to unload its remaining 87.6% interest in Kraft.

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The Vertu Ti, meanwhile, runs on an Android operating system in a sign of its separation from former parent company Nokia.

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In a filing with the U.S. Securities and Exchange Commission, News Corp. said the publishing company will be indemnified by its former parent for any payments made after the spinoff that arise from civil claims and investigations relating to the phone-hacking scandal.

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