SWATCH PLANS TO VENTURE INTO ELECTRONIC CAR BATTERIES

Watchmaker Swatch Group has been planning to launch a battery for electric vehicles, with the goal of meeting sales worth $10 to $15 billion by 2020, according to CEO Nick Hayek. The car battery has been developed in collaboration with Belenos Clean Power (where Swatch holds a 51% stake), and the …

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FRANCA SOZZANI, MAGAZINE EDITOR AND STYLE AUTHORITY, PASSES AWAY AT 66

After a year of an unspecified yearlong illness, Franca Sozzani, editor-in-chief of Vogue Italia, passed away yesterday at 66 in Milan. The news was first announced by Jonathan Newhouse, Condé Nast International chairman and chief executive. Immediately, news outlets and social media were filled with articles and tributes to the style …

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FedEx stock slides after earnings miss

The Memphis, Tenn.-based integrator saw it’s shares drop 3.4 percent in a day after reporting adjusted earnings per share of $2.80 in its fiscal second quarter, an improvement from the previous year but $0.10 per share below consensus analyst expectations.