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The rich plan to spend more in 2014. On their wish list: Vacations, home improvement and cars. Fashion and collectibles are not as coveted.
BASEL, Switzerland, March 26- With their hundreds of years of watchmaking experience, Swiss watchmakers can afford to take a long view of technological fads and fashions.
U.S. stocks fell on Friday as investors considered Ukraine ahead of the weekend.
*Nike shares fall after results. Biogen Idec Inc, down 8.2 percent at $318.53, and Gilead Sciences Inc, down 4.6 percent at $72.07, were the two biggest drags on the S&P 500. The Nasdaq biotech index fell 4.4 percent.
*Nike shares fall after results, Tiffany rises. Biogen Idec Inc, down 8 percent to $319.14, and Gilead Sciences Inc, down 3.7 percent to $72.74, were the biggest drags on the S&P 500. The Nasdaq biotech index fell 3.5 percent.
Take a look at some of Friday's midday movers:
March 21- Tiffany& Co forecast more sales growth this year amid signs that the jeweler's business in its home U.S. market is finally perking up.
*Nike falls after results, Tiffany rises. Geopolitical issues remained in focus after President Vladimir Putin signed laws completing Russia's annexation of Crimea and investors took fright at a U.S. decision to slap sanctions on his inner circle.
A new report suggests that future growth for luxury will come from a new consumer. They're called YUMMY's—Young Urban Males.
Tiffany reported a loss in the fourth quarter, due primarily to losing an arbitration ruling involving The Swatch Group.
Breaking down Tiffany's quarterly earnings and the state of the luxury consumer, with Edward Yruma, KeyBanc Capital Markets Retail analyst.
CNBC's Jim Cramer shares his thoughts on Tiffany who reported weaker-than-expected earnings and the hot IPO market.
*Nike shares fall in premarket after outlook. NEW YORK, March 21- U.S. stock index futures pointed to a slightly higher open on Friday, with major indexes on track for a week of strong gains, though geopolitical concerns remained in view as the tenuous situation in Ukraine continued.
The company, which has bet its growth on emerging markets such as China and Russia, is likely being conservative because of growing economic and political uncertainty in some markets, and still sluggish growth of its less expensive silver jewelry in the United States, analysts said.
U.S. stock index futures indicated that Wall Street looked set to maintain the gains posted on Thursday.
The company, known for its blue boxes and Fifth Avenue flagship store in Manhattan, forecast a profit of $4.05 to $4.15 per share this fiscal year. Comparable store sales rose 4 percent in Asia, excluding Japan, led by gains in China, where Tiffany has been focusing much of its expansion.
*Nike shares fall in premarket after outlook. NEW YORK, March 21- U.S. stock index futures edged higher on Friday, with major indexes on track for a week of strong gains, though geopolitical concerns remained in view as the tenuous situation in Ukraine continued.
Some of the names on the move ahead of the open.
March 21- Tiffany& Co said on Friday it expects net worldwide sales to rise in the high single digits in percentage terms this year, with growth in all regions. The upscale New York- based jeweler reported a loss of $103.6 million, or 81 cents per share, in the fourth quarter ended Jan. 31, due primarily to losing an arbitrations ruling against The Swatch Group.
Dana Telsey, CEO & Chief Research Officer at Telsey Advisory Group, expects Tiffany's fourth-quarter earnings to take a hit from challenges in China and sales in silver jewelry.