Tiffany & Co
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Inspired by the glitz and glamour of the 1920s, several retailers are launching Great Gatsby-themed lines.
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NEW YORK-- High-end jewelry company Tiffany& Co. is raising its quarterly dividend by 6 percent to 34 cents. The New York company, known for its blue boxes, said Thursday that the dividend will be paid on July 10 to shareholders of record on June 20. The company's stock slipped 9 cents to $76.49 in morning trading.
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Inspired by the glitz and glamour of the 1920s, several retailers are launching Great Gatsby-themed lines.
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*TJX: Wells Fargo cuts to market perform from outperform-. *Kohl's Corp: Wells Fargo starts with market perform-. *Ross Stores: Wells Fargo transfers coverage with market perform- theflyonthewall.com* Lululemon, Macy's: Wells Fargo starts with market perform- theflyonthewall.com.
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*Deal pushes India ahead of China for 2013 foreign M&A purchases. NEW DELHI/ DUBAI, May 3- Gulf state Qatar has bought a 5 percent stake in Indian telecoms firm Bharti Airtel Ltd for $1.26 billion, the firm said on Friday, extending an overseas buying spree from mainly developed countries to Asia's third-largest economy.
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*Investment through Qatar Foundation's investment arm* Bharti to issue 199.9 mln new shares at 340 rupees apiece* Qatar to secure board seat in Bharti post deal- source.
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May 1- The latest big-screen adaptation of "The Great Gatsby" gets its world premiere in New York on Wednesday, kicking off what film director Baz Luhrmann hopes will be a summer of extravagant Gatsby-inspired parties.
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Tiffany pulled back on Friday, and traders were shopping for a rebound.
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Darling, do tell, how is the high-end consumer doing? We check in with Cramer's Gatsby Index, a composite of 13 stocks used to gauge high-end trends.
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Ocappi, an online diamond company launching Wednesday, aims to equip men with multiple rings to choose from. Each ring will require a $75 deposit and must be returned within five days.
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The "Fast Money" traders share their final trades of the day.
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Stocks closed higher Friday, rebounding from their biggest drop in nearly a month, as worries over Cyprus diminished and following a batch of upbeat earnings reports.
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*Cyprus says it is close to a bailout deal. NEW YORK, March 22- U.S. stocks rose on Friday on optimism that a deal to bail out Cyprus would be reached, but ended lower for the week for just the second time this year.
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*Cyprus says it is close to a bailout deal. NEW YORK, March 22- U.S. stocks bounced back on Friday on hopes a deal to bail out Cyprus was near completion. Cyprus was close to a deal to raise billions of euros and unlock a bailout from the European Union that could avert a financial meltdown and its exit from the euro, its ruling party said.
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NICOSIA/ MOSCOW- Russia rebuffs Cypriot entreaties for aid, leaving the island's increasingly isolated leaders scrambling to strike a bailout deal with the European Union by next week or face the collapse of its financial system. (EUROZONE- CYPRUS/, expect by 1630 GMT/ 12:00 PM ET, by Michele Kambas and Lidia Kelly, 1,160 words).
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*Quarterly profit beats Wall Street estimates. March 22- Tiffany& Co said the pace of its worldwide sales growth would pick up this year, helped by faster growth in Asia and a more compelling selection of lower-price silver jewelry. "It's relief that things are normalizing in China and in its silver jewelry," Morningstar analyst Paul Swinand said.
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*Wall Street, Europe rebound as concerns about Cyprus ease. *Oil holds above $107 as Cyprus bailout deadline nears. Wall Street opened higher and European stocks edged higher after Greece and Cyprus said that Greek banks had agreed to buy the local units of stricken Cypriot banks.
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NEW YORK, March 22- U.S. stocks rose on Friday as a banking deal between Greece and Cyprus eased some concerns about the island nation as it tries to avoid a financial meltdown and an exit from the euro that could roil the euro zone. Cyprus agreed with Greece on a takeover of the Greek units of Cypriot banks, which ended uncertainty over the fate of those operations.
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Brian Nagel, Oppenheimer & Co. analyst has the trade on the luxury retailer, after reporting a better-than-expected fourth quarter profits.
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Cyprus' way forward is unclear as the Russians reject a gas for loans proposal, and the EU objects to a move to take over pension funds.
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NEW YORK, March 22- Wall Street was set for a slightly higher open on Friday as a banking deal between Greece and Cyprus eased some concerns about the island nation as it tries to avoid a financial meltdown and an exit from the euro that could roil the euro zone.