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Estee Lauder agrees to buy Tom Ford brand for $2.3 bn
Estee Lauder agrees to buy Tom Ford brand for $2.3 bn
by  AFP

Luxury beauty brand Estee Lauder said in a statement Tuesday it had agreed to buy designer Tom Ford's company for $2.3 billion. Bringing the brand under the "stewardship" of Estee Lauder Companies (ELC) "will allow for continuity and the further evolution of the Tom Ford brand as one of the preeminent global luxury brands of the twenty-first century," New York-based ELC said in its statement.

Musk delays Twitter relaunch after fake account frenzy
Musk delays Twitter relaunch after fake account frenzy
by  AFP

Twitter's new owner Elon Musk on Tuesday postponed the relaunch of the site's paid subscription service after a first attempt saw an embarrassing spate of fake accounts that scared advertisers. "Punting relaunch of Blue Verified to November 29th to make sure that it is rock solid," Musk tweeted, delaying his new revamp, originally promised for Tuesday, by two weeks.

US wholesale price inflation slows in October
US wholesale price inflation slows in October
by  AFP

US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to official data Tuesday which will add to rising hopes that inflation has peaked. And annual PPI slowed to 8.0 percent in October, the data showed, down from 8.5 percent in the prior month.

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