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  • FRANKFURT, Sept 25- German carmaker BMW on Tuesday said it would not meet its full-year target of achieving a flat pretax profit and lowered its profit margin guidance for cars, blaming intense price competition in the wake of new emissions rules. BMW said its full-year pretax profit would moderately decrease, rather than remaining on par with last year's level.

  • NEW YORK— Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion, continuing its hard charge into the world of high-end fashion. The deal announced Tuesday follows the New York handbag maker's $1.35 billion acquisition last year of the shoemaker Jimmy Choo. Tapestry, once known as Coach, owns Stuart Weitzman and last...

  • LONDON— Music streaming sites Spotify and Deezer are among European tech companies and trade associations calling on EU officials to toughen proposed legislation aimed at combating unfair business practices by U.S. giants like Apple, Google and Amazon. In a joint letter, the group urged European Union ministers to go beyond current proposals aimed at...

  • NORWALK, Conn. _ FactSet Research Systems Inc. on Tuesday reported fiscal fourth-quarter net income of $68.8 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share. Eight analysts surveyed by Zacks expected $346.4 million.

  • SINGAPORE, Sept 25- As the annual Asia Pacific Petroleum Conference descends on Singapore for its 34th year running, the oil industry is oozing with confidence. With Brent crude prices breaking through $80 per barrel again, reaching levels not seen before the last downturn in late 2014, senior traders and executives from major oil producers ponder the...

  • NEW YORK— Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion.

  • LONDON, Sept 25- Clothing retailer Next raised its profit guidance after better-than-expected trading in late summer and said it was well prepared should Britain crash out of the EU without a deal, sending its shares higher. The company, which trades from over 500 stores in Britain and Ireland, about 200 stores in 40 countries overseas and its Directory online...

  • HAMBURG, Sept 25- Chicago wheat and corn futures fell on Tuesday after the U.S. Department of Agriculture gave a positive picture of U.S. crop progress. Soybeans rose after recent sharp declines, largely caused by the U.S.- China trade war, created buying opportunities. The USDA gave a positive picture of U.S. corn and wheat in its crop progress report late on Monday...

  • LONDON, Sept 25- Italian borrowing costs fell sharply on Tuesday, narrowing the gap with its German peers, on signs that Italy's anti-establishment coalition is likely to reach a compromise over its 2019 budget. Italy's ruling coalition, made up of the 5- Star Movement and the League party, is willing to keep its budget deficit below 2 percent of gross domestic...

  • *BDI: Germany must now prepare for next downswing. BERLIN, Sept 25- Germany's BDI industry association on Tuesday lowered its 2018 growth forecast and warned of a potential downturn, citing weaker demand for German exports due to U.S. trade policy and Brexit, as well a threat to the economy from xenophobia at home. The predictions of slower growth were reinforced by...

  • KYKOTSMOVI, Ariz.— Hopi tribal officials are calling on the federal government to explore other options for the Navajo Generating Station near Page. Two companies that were negotiating to take over a coal-fired power plant on the Arizona- Utah line ended the effort last week, saying the challenges were too great. That would be a huge blow to the economies of the...

  • *Upside in gold capped by strong U.S. economic data- Macquarie. LONDON, Sept 25- Gold steadied on Tuesday as the dollar held firm ahead of a U.S. U.S. data hasn't weakened and market positioning for rate hikes is not excessively hawkish compared to the Fed, "said Macquarie commodity strategist Matthew Turner.

  • BERLIN— The head of the World Trade Organization says the whole international community has a responsibility to reduce tensions and avert a full trade war, which would produce "no winners." Trade tensions between the U.S., China and others have spiraled lately and WTO director-general Roberto Azevedo told a German business conference in Berlin on Tuesday that "...

  • *TESLA IS PREPARING TO EXPAND TO EUROPE WITH MODEL 3 AND IN ORDER TO DO THAT, IT IS STARTING TO PRODUCE A FEW EUROPEAN MODEL 3 VEHICLES- ELECTREK Source text: https://bit.ly/2IcgxMZ Further company coverage:.

  • TESLA IS PREPARING TO EXPAND TO EUROPE WITH MODEL 3 AND IN ORDER TO DO THAT, IT IS STARTING TO PRODUCE A FEW EUROPEAN MODEL 3 VEHICLES- ELECTREK.

  • LONDON _ IHS Markit Ltd. on Tuesday reported fiscal third-quarter net income of $104.5 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. IHS Markit expects full-year earnings in the range of $2.25 to $2.27 per share, with revenue in the range of $4 billion to $4.02 billion.

  • The fish is also the subject of concern from environmentalists and fishery managers, as the National Oceanic and Atmospheric Administration has said a recent assessment of the herring stock shows a decline. The regulatory New England Fishery Management Council is set to vote on the future of the herring fishery Tuesday. The herring fishery wants to make sure...

  • Sept 25- London Stock Exchange Group Plc has appointed financial services veteran Marshall Bailey as chairman of its clearing house LCH Group to oversee a business at the center of debates about Brexit and its impact on Britain's finance industry. The clearing of euro transactions- a key part of LCH's activities- has become a battleground in talks over...

  • GENEVA— Novartis said Tuesday it's cutting some 2,100 jobs in Switzerland and Britain over several years as the Swiss pharmaceuticals giant tweaks its corporate structure to become more nimble and more efficient. The Basel- based company said it is cutting some 1,700 jobs in Switzerland through 2022, including 1,000 manufacturing positions and another...

  • MIDLOTHIAN, Texas _ Ennis Inc. on Tuesday reported fiscal second-quarter profit of $9.6 million. The Midlothian, Texas- based company said it had net income of 37 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.