Corning Inc (NYSE: GLW) posted better than expected quarterly profit on stronger demand for glass for flat screen televisions, and stated it expected that market to grow by 15% next year. Corning, the largest maker of glass for liquid crystal display screens, on said today that third-quarter net income fell to $643 million, or 41 cents a share, from $768 million, or 49 cents a share, a year earlier. Profit came in at 42 cents a share, beating analysts’ view of 39 cents a share. Revenue fell 5 percent to $1.48 billion, but was greater than analysts’ view of $1.42 billion. -Reuters

Sony (NYSE: SNE) and NetFlix (NASDAQ: NFLX) announced over the weekend that the movie rental company will offer films over the internet that can play on the PlayStation 3. According to the deal, PS3 subscribers will have access to movies from the rental service by loading a new Blu-ray disc, available free from Netflix, into the game console. The alliance should give both companies a much-needed bump in sales. The PS3 console outsold the Microsoft (MSFT) Xbox 360 and Nintendo Wii in the U.S. last month, but price cuts fueled many of those sales. Sony is in need of something to help sustain an advantage over its two industry rivals. –AOL Money & Finance

South Korea’s gross domestic product jumped 2.9 percent in the third quarter from the previous three months, beating the 1.9 percent median estimate of analysts at Bloomberg. Copper rose to the highest level since September 2008 after refined imports by China expanded for the first time in three months. -Bloomberg

RadioShack (NYSE: RSH) earned $37.4 million, or 30 cents a share, down from $49.1 million, or 38 cents, in the same quarter of 2008. Quarterly revenue came in at $990 million, down from the prior year’s $1.02 billion, as same-store sales decreased 2.9%. The average estimate of analysts had been for the company to earn 30 cents a share on revenue of $976 million. –Marketwatch

Verizon (NYSE: VZ) third quarter results top Wall Street expectations, but wireless took a hit. Verizon Wireless added 1 million retail customers, which is better than some estimates, but still a significant dip from a year ago and the second quarter. Apple’s iPhone, which had a record quarter in the third quarter, took a bite into VerizonWireless‘ growth. The unit looks to rebound in the fourth quarter, armed with a number of touchscreen devices including a new BlackBerry Storm and phones using Google’s Android software. –The Wall Street Journal

-Jutia Group