United States

Tiffany & Co (TIF)

TIF on New York Consolidated

28 Sep 2016
Change (% chg)

$-0.45 (-0.63%)
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Wed, Sep 21 2016

Damages trial begins over Costco's sale of counterfeit Tiffany rings

Costco Wholesale Corp told a federal jury on Tuesday that the company owes Tiffany & Co no more than $781,000 for counterfeit versions of the high-end jeweler's diamond engagement rings in its warehouse stores.

BRIEF-Tiffany agreed to provide new CFO with a base salary of $850,000

* Agreed to provide new CFO Erceg with a base salary of $850,000 and one-time payment of up to $1.5 million and equity and cash incentive awards Source text: [http://bit.ly/2cFQyyC] Further company coverage:

BRIEF-Tiffany names Mark Erceg as Chief Financial Officer

* Mark Erceg's appointment will become effective on October 18, 2016

BRIEF-Tiffany & Co- Registrant issues $100 mln of 0.78 pct senior notes

* On Aug 26, registrant issued $100 million of 0.78 percent senior notes due August 26, 2026 to an affiliated co of metropolitan life insurance company Source: (http://bit.ly/2bYJAVw) Further company coverage:

Lower precious-metal costs add sparkle to Tiffany's profit

Tiffany & Co reported an unexpected rise in second-quarter profit as it sold more jewelry in Britain and the upscale jeweler benefited from lower costs of gold and other precious metals. | Video

UPDATE 4-Lower precious-metal costs add sparkle to Tiffany's profit

* Shares rise 8 pct (Adds comment, background, updates shares)

BRIEF-Tiffany & Co saw uptrend in UK immediately following the Brexit vote

* Saw uptrend in the UK immediately following the Brexit vote - conf call

BRIEF-Tiffany Reports Q2 Results: Full Year Earnings Outlook is Maintained

* Tiffany reports second quarter results: full year earnings outlook is maintained

Luxury jeweler Tiffany's comparable sales miss estimates

Aug 25 Tiffany & Co's second-quarter comparable sales declined more than analysts expected due to lower tourist traffic and a strong dollar that eroded revenue from markets outside the United States.

BRIEF-Tiffany sets regular quarterly dividend of $0.45 per share

* Sets regular quarterly dividend of $0.45 per share Source text for Eikon: Further company coverage:

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