* Spirit Airlines said its chairman, William Franke, who helped design the carrier's successful low-cost strategy, is selling his investment firm's stake in the low-cost carrier and resigning from its board next month. ()
* Pfizer plans to reorganize its commercial operations into three business segments to help it focus on the evolving needs of its various markets. The changes will take effect starting in January. ()
* The market for previously owned iPhones and Androids is booming, producing high and predictable resale values that carriers are starting to exploit. ()
* Activist investor Daniel Loeb says low-cost U.S. natural gas offers a "sustainable advantage" for CF Industries and calls on the agricultural supplier to significantly increase its stockholder dividend. ()
* CBS and Time Warner Cable said they extended their blackout deadline till 8 p.m. Monday, from 5 p.m., as they "continue to negotiate" terms to carry the network's programming on the cable system. ()
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