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Stock Market & Financial Investment News

News Breaks
December 22, 2013
17:56 EDTTIFTiffany to take charge of $295M-$305M in Q4
Michael J. Kowalski, chairman and CEO of Tiffany commented on the award Issued in arbitration between The Swatch Group and Tiffany & Co, saying, “We were shocked and extremely disappointed with the decision of the majority of the arbitral panel. We firmly believe the panel’s ruling is not supported by the facts of this case or the various agreements between the Swatch parties and the Tiffany parties. While we are reviewing our options with our legal counsel, I want to assure you that we do have sufficient financial resources to pay the full amount. We will record a charge for the after-tax impact of the award, which we estimate to be approximately $295M – $305M in Q4. However, we do not believe that the award will impact our ability to realize our existing business plans in the short or long term, and we are extremely pleased to be moving forward with our plans to design, produce, market and distribute our own Tiffany & Co. brand watches.”
News For TIF From The Last 14 Days
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April 15, 2014
10:00 EDTTIFOn The Fly: Analyst Upgrade Summary
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08:47 EDTTIFTiffany China business poised to continue growth, says Sterne Agee
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08:19 EDTTIFTiffany upgraded to Overweight from Equal Weight at Stephens
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April 11, 2014
08:12 EDTTIFTiffany announces General Counsel to retire
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April 9, 2014
09:20 EDTTIFBofA/Merrill's retail analysts hold an analyst/industry conference call
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