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Jayden Lee Phillip identified as victim in Oct. 18 Aurora shooting

Volvo launches updated S90, XC60

Volvo has launched the face-lifted S90 and XC60 priced at ₹ 61.90 lakh (ex-showroom, India). Both vehicles are available in a singular Inscription trim and come powered by a new mild-hybrid petrol engine.

As part of the facelift, both the sedan and the SUV receive minor styling changes. The S90 gets a revised front grille with vertical chrome slats and a new emblem with a reworked front bumper. The XC60 also gets an updated front fascia with a new grille and a reworked bumper with chrome trim. At the rear, both models get body coloured inserts and a chrome strip in the rear bumper with hidden tailpipes.

Both models get an ‘Advanced Air Cleaner’ system which filters cabin air and displays air quality on the infotainment screen — Google-powered with the assistant built-in to offer a smartphone-like experience. Then there is the Volvo Cars app-connected car tech and Volvo’s blind spot information system safety feature on offer.

The 2021 Volvo S90 also gets a 360-degree camera, adaptive cruise control, a 19-speaker, 1,400W Bowers and Wilkins audio system, massaging front seats and air suspension. The updated XC60, meanwhile, also features adaptive cruise control and a 15-speaker, 1,100W Bowers and Wilkins audio system.

The biggest change to both cars is the new B5 mild-hybrid petrol engine. The face-lifted S90 and XC60 are now powered by a 250hp, 350Nm, 2.0-litre, four-cylinder turbo-petrol unit that works in conjunction with a 48V integrated starter-generator motor. Both models previously came with a 2.0-litre diesel engine developing 190hp in the S90 and 235hp in the XC60.

Oil Retreats After API Data

Oil slipped from a seven-year high on Wednesday after industry data pointed to another increase in U.S. crude stockpiles.

Benchmark Brent crude futures fell 85 cents, or 1 percent, to $84.23 a barrel, while U.S. West Texas Intermediate (WTI) futures were down 91 cents, or 1.1 percent, at $81.53.

The American Petroleum Institute (API) on Tuesday reported its fourth straight week of crude oil inventory builds.

Crude stocks rose by 3.3 million barrels for the week ended Oct. 15 while analysts had expected a build of 2.2 million barrels.

However, gasoline inventories fell by 3.5 million barrels and distillate stocks fell by 3 million barrels.

U.S. government data on inventories will be out later in the day.

Brent has risen by about 19 percent since the start of September, while WTI has gained around 21 percent amid ongoing concerns around a worldwide energy crisis.

Plunging temperatures across parts of China stoked fears that shortages in power are likely to increase over the coming northern hemisphere winter.

The power crunch is sending prices higher but there are signs that growth is beginning to moderate.

Chinese economic growth fell to its lowest level in a year in the third quarter, official data showed on Monday.

China’s daily crude oil processing rate also fell last month, dropping to the lowest level since May of last year.

Blackstone buys majority stake in shapewear maker Spanx

FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid

(Reuters) – Investment firm Blackstone Inc said on Wednesday it would buy a majority stake in Spanx, valuing the underwear maker at $1.2 billion.

Spanx founder and Chief Executive Officer Sara Blakely would become the executive chairwoman of Spanx’s newly appointed board.

Stocks approach records and Bitcoin reaches an all-time high.

By Coral Murphy Marcos

COVID-19: UK records another 49,139 cases and 179 virus-related deaths

The UK has recorded another 49,139 new COVID cases and 179 virus-related deaths, the latest figures show.

A total of 320,594 cases have been recorded in the last week – an increase of 17.2%.

Canadian Pacific Railway Q3 Profit Declines; Results Miss Estimates – Quick Facts

Canadian Pacific Railway Limited (CP,CP.TO) reported Wednesday that third-quarter net income declined to C$472 million or C$0.70 per share from C$598 million or C$0.88 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was C$0.88 per share, compared to C$0.82 per share in the year-ago quarter.

Revenues for the quarter grew 4 percent to C$1.94 billion from C$1.86 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of C$0.95 per share on revenues of C$2.02 billion for the quarter. Analysts’ estimates typically exclude special items.

Looking forward, the company continues to project double-digit adjusted earnings per share growth compared to 2020 adjusted earnings of $3.53 per share, despite global supply chain issues and a challenging Canadian grain crop. Analysts currently estimate earnings of $3.91 per share.

Blackstone buys majority stake in shapewear maker Spanx

FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid

(Reuters) – Investment firm Blackstone Inc said on Wednesday it would buy a majority stake in Spanx, valuing the underwear maker at $1.2 billion.

Spanx founder and Chief Executive Officer Sara Blakely would become the executive chairwoman of Spanx’s newly appointed board.

Jayden Lee Phillip identified as victim in Oct. 18 Aurora shooting

The 18-year-old man killed in an Aurora residential parking lot on Monday has been identified.

Jayden Lee Phillips was shot and died from his wounds, the Arapahoe County Coroner’s Office said on Wednesday.

Aurora Police responded to a shooting in the parking lot of the Sable Cove Townhomes around 3:45 p.m. on Monday. Police say they found Phillips and took him to the hospital, where he died.

Police said they believe Phillips was involved in an altercation in the parking lot with another man.

Officials have not said if they have made any arrests.