Henkel says looking at M&A, no comment on Nestle-Boersen-Zeitung

German consumer goods group Henkel is scanning the market for takeovers, its chief financial officer told a paper, declining to say whether it was looking at Nestle’s skin health unit that was put up for sale earlier this week. “We continue to see acquisition potential,” Carsten Knobel told Boersen-Zeitung in an interview published on Saturday. “We have defined, and implemented, […]

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Equinor considers constructing a floating wind farm to power North Sea oilfields

Creation of an 11-turbine wind farm modeled on Hywind, Equinor’s floating offshore wind concept, is being explored. The new concept, called Hywind Tampen, would have a combined capacity of 88 megawatts. Norwegian energy powerhouse Equinor is investigating the possibility of building a floating offshore wind farm to power oilfields in the North Sea. In a statement Tuesday, the business — […]

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I shopped for a $260,000 Patek Philippe and compared a $60 knock-off

Ask the average person what the most luxurious watch company is and he or she might answer, “Rolex.” But there is a different brand making its way into the mainstream because of its record-setting resale prices and rising influence among culture-setting celebrities and hip-hop artists: Swiss watch brand Patek Philippe. According to music lyric site Genius, a third of Billboard’s […]

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Global markets continue the bull-run, but have they forgotten Turkey?

Markets have been uncomfortable this year for hedge funds, fund managers, retail investors… only a handful appear to be enjoying the ride. Uncertainty is elevated, even if it’s not reflected in the the CBOE Volatility Index (VIX), the so-called fear gauge. Economic stress in Turkey is usually the first warning signal for an abrupt shift in risk tolerance for global […]

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More red tape and higher business costs — here are the UK’s trade plans in case of a no-deal Brexit

Negotiators are aiming to reach a Brexit resolution in October to ensure there is enough time to approve it across Europe. However, political and technical constraints are making that informal deadline harder to achieve. British businesses should prepare for higher barriers to trade in case the government doesn’t reach a deal with the European Union over Brexit, Downing Street said […]

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La-Z-Boy surges 13%, on track for best day in more than a year

La-Z-Boy’s shares were on pace for their biggest one-day gain since June 21, 2017, after reporting better-than-expected earnings and sales. La-Z-Boy reported earnings per share of 34 cents compared with a Thomson Reuters estimate of 25 cents. The company’s revenue also beat estimates. Shares of La-Z-Boy skyrocketed on Wednesday after the company reported better-than-expected results for its fiscal first quarter. […]

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Germany’s coal conundrum: Moving toward renewable energy before the infrastructure is ready

Output from Germany’s coal plants dropped in the first half of the year. Meanwhile, renewable sources of energy surpassed coal to become the nation’s largest source of power generation. But Berlin is falling short in its ambitious renewable energy initiative. Moving away from carbon as a source of energy is a key ambition for the European Union and no less […]

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The Los Angeles Lakers just partnered with LG to bring solar power to training center

The Lakers’ UCLA Health Training Center is now home to 456 solar panels that are set to produce an estimated 245,000 kilowatt hours per year. The basketball team could save around $38,000 annually by turning to solar power. After signing LeBron James earlier this summer, the Los Angeles Lakers are also looking to steal a march on rivals when it […]

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Nike shares rise as retailer is seen taking market share from Adidas, Foot Locker

Susquehanna Financial Group raises its price target for Nike shares to $93 from $78. Nike’s strategy to trim excess inventory and focus on selling directly to consumers is showing signs of progress, analyst Sam Poser says. Nike shares climbed Monday after an analyst said the sneaker maker is gaining market share from competitors like Adidas and specialty retailers including Foot […]

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I’m ‘financially ruined’: Cryptocurrency investors are crushed by losses of 70% or more

SAN FRANCISCO — Pete Roberts of Nottingham, England, was one of the many risk-takers who threw their savings into cryptocurrencies when prices were going through the roof last winter. Now, eight months later, the $23,000 he invested in several digital tokens is worth about $4,000, and he is clearheaded about what happened. “I got too caught up in the fear […]

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