Hurricane Florence, making landfall, will bring ‘catastrophic’ flooding over wide area of Carolinas

Hurricane Florence, expected to bring life-threatening storm surges and several feet of rainfall over days, was within a few miles of the North Carolina coastline early Friday, with forecasters warning that a slight weakening of wind speed did not mean the storm will not cause major damage. Florence was last located about 10 miles from Wilmington, N.C., at 6 a.m. […]

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Close Brothers sells retail-finance unit

Close Brothers Group PLC (CBG.LN) said Friday that it has sold its Close Brothers Retail Finance unit to Swedish payment solutions provider Klarna Bank AB. The financial-services company said the sale reflects its decision to exit the unsecured retail point-of-sale finance market. It expects the sale to close this year. Source: Read Full Article

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Starbucks aims for 10,000 ‘greener’ stores by 2025 and $50 million in savings over a decade

Starbucks Corp. SBUX, -0.25% said Thursday that it plans to operate 10,000 eco-friendly stores by 2025 that will ultimately save the coffee giant an incremental $50 million in utility costs over the next decade. Starbucks has partnered with the World Wildlife Fund and SCS Global Services, a consultancy focused on sustainability, to create the "Starbucks Greener Stores" framework that the […]

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Political commentary replaces swimsuit competition at Miss America pageant

The Miss America pageant, aired Sunday on ABCDIS, +0.77% , was expected to have a different look this year, as the first iteration with no swimsuit competition. It also had a new tenor, with contestants from Virginia, West Virginia and Michigan, in a dramatic departure from the studiously apolitical and even comically anodyne insights expressed in the past, staking out […]

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Natixis hikes outlook, plans to sell businesses

Shares in French bank Natixis (KN.FR) rose on Thursday after it raised guidance and said it was planning the sale of retail activities to parent BPCE SA. Natixis said Wednesday that it is considering selling its consumer-financing, factoring, leasing, sureties-and-guarantees, and securities-services businesses to BPCE for 2.7 billion euros ($3.1 billion). BPCE owns 71% of Natixis. In the same statement, […]

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