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Ralph Lauren earnings beat estimates on North America demand

(Reuters) – Ralph Lauren Corp (RL.N) reported better-than-expected quarterly revenue and profit on Tuesday, as its North America business benefited from a social media marketing blitz and the launch of new editions of its trademark Polo shirts. FILE PHOTO: A man walks past Ralph Lauren Corp.’s flagship Polo store on Fifth Avenue…

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U.N. Agency for Palestinian Refugees Faces Accusations of Misconduct

JERUSALEM — The United Nations agency responsible for the welfare of Palestinian refugees, already struggling with funding cuts, is bracing for fallout after a highly critical internal ethics report was leaked to international news outlets this week detailing claims of serious mismanagement and misconduct. The confidential report by the agency’s ethics office,…

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Exact Sciences to buy Genomic Health for $2.8 billion

FILE PHOTO: Exact Sciences Laboratories is shown in Madison, Wisconsin, U.S., March 28, 2019. REUTERS/Howard Schneider (Reuters) – Cancer diagnostics company Exact Sciences Corp (EXAS.O) said on Monday it will buy healthcare company Genomic Health Inc (GHDX.O) for about $2.8 billion to bolster its cancer testing business. Under terms of the deal,…

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Heineken’s beer boost offset by higher aluminum costs

BRUSSELS (Reuters) – Heineken NV (HEIN.AS) on Monday missed estimates for first-half profits, as higher packaging costs offset increased beer sales, but the world’s second-largest brewer stuck with its full-year profit growth forecast. The Dutch maker of Heineken, Europe’s top-selling lager, said operating profit before one-offs would rise by a mid-single-digit percentage…

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A Fed interest rate cut is in the bag. What then?

SAN FRANCISCO (Reuters) – U.S. central bankers are expected to lower borrowing costs this week for the first time since the depths of the financial crisis more than a decade ago. That’s the easy part. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs…

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Oil loses ground on pessimism over U.S.-China trade talks

LONDON (Reuters) – Oil prices weakened on Monday amid pessimism over U.S.-China trade talks and the prospect of slower economic growth globally that could reduce demand for crude. A boat is seen close to oil installations at Lake Maracaibo in Cabimas, Venezuela October 5, 2017. Picture taken October 5, 2017. REUTERS/Isaac Urrutia…

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