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Stella McCartney strengthens sustainability efforts in response to PETA

Stella McCartney sustainable fabrics Kering-owned British fashion label Stella McCartney is the most recent brand to come under fire for the unethical treatment of animals. People for the Ethical Treatment of Animals (PETA) brought to the brand’s attention that one of its 26 sustainable wool producers from Ovis 21 in Patagonia, Argentina was mistreating the sheep on its farm. Stella McCartney, the daughter of music icon Paul McCartney, has built her

Fodor's Week in Travel: End-of-Summer Weekend Getaways

As summer comes to a close, it is the perfect time to plan one last short trip before the air turns cool and your calendar turns hectic. Take a long weekend for a final vacation before you dive into your autumn responsibilities. From exploring all that Brooklyn has to offer to enjoying one last hurrah over Labor Day, our weekly roundup has your summer’s-end travels covered. America’s 15 Best Football

Euro ministers give blessing to Greek bailout, wooing IMF on debt

BRUSSELS/ATHENS (Reuters) – Euro zone finance ministers have agreed to lend Greece up to 86 billion euros ($96 billion) after Greek lawmakers accepted their stiff conditions despite a revolt by supporters of leftist Prime Minister Alexis Tsipras. Assuming approval by the German and other parliaments, 13 billion euros should be in Athens next Thursday to pay pressing bills and a further 10 billion will be set aside at the European

Exclusive: GE expected to win EU approval for $14 billion Alstom deal

General Electric (GE.N) is expected to secure EU approval for its proposed 12.4-billion-euro ($13.8 billion) bid for French peer Alstom’s (ALSO.PA) power business, its largest ever deal, two people familiar with the matter said on Friday. The green light from the European Commission will come 14 years after it rejected General Electric’s (GE) attempt at a $42 billion takeover of Honeywell International (HON.N), despite clearance by U.S. authorities. The current

J.C. Penney loss narrows as Sephora stores help attract shoppers

J.C. Penney has been increasing the number of stores run by popular beauty brand Sephora — owned by luxury giant LVMH (LVMH.PA) — within its stores to attract shoppers. “Having Sephora in stores helps J.C. Penney drive sales, but it also encourages shoppers to visit, so it helps to drive customer traffic,” Neil Saunders, chief executive of research firm Conlumino, said.

Hedge funds take fresh look at General Motors in second quarter

Several prominent hedge fund managers made bigger bets on U.S. automaker General Motors (GM.N) during the second quarter, despite the company’s battling a deadly ignition defect and tangling with shareholders over its stock price. Greenlight Capital’s David Einhorn bought 7.9 million shares between April and the end of June, raising his investment to 14.6 million shares. Einhorn had told investors about the stake but details on how much he actually

Hedge funds added Apple shares in second quarter, filings show

Top U.S. hedge funds bought new shares of Apple Inc(AAPL.O) during the second quarter or added to their existing positions, ahead of a decline in the value of shares of the iPhone maker. Filings with the U.S. Securities and Exchange Commission released on Friday showed David Tepper’s Appaloosa Management LP held 2.5 million shares of Apple as of June 30, a new position, and that Cliff Asness’ AQR Capital Management

Accused U.S. 'flash crash' trader wins bail in London

Navinder Sarao, the London-based day-trader accused by the United States of a market manipulation that contributed to a Wall Street “flash crash” in 2010, was freed on bail on Friday after spending four months in prison. Sarao, who lived in a small, nondescript house near London’s Heathrow Airport, was arrested by British police on a U.S. extradition warrant in April after being charged with wire fraud, commodities fraud and market