Tiffany reports a surprise drop in same-store sales (TIF)

AP Images/Paul Sakuma (Reuters) – Tiffany & Co reported lower-than-expected quarterly sales and a surprise drop in comparable sales due to lower spending by tourists and domestic customers in the Americas, its largest market. The company’s shares fell 5.6 percent to $87.95 before the bell on Wednesday. Tiffany, whose one-of-a-kind pieces are a regular feature on Hollywood red carpets, has ...

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Lionel Messi's 21-month prison sentence in tax fraud case is upheld, but he is not expected to serve any jail time

Manu Fernandez/AP The Supreme Court in Spain has upheld a 21-month prison sentence for Argentine football star Lionel Messi and his father in the appeal of their tax fraud case. Neither are expected to serve any jail time. According to a Reuters report , sentences under two years in length in Spain can be served as probation. Messi and his father were ...

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Bitcoin flies past $2,300 for the first time as scaling agreement is reached

Markets Insider It seems as if nothing can stop bitcoin from going higher. The cryptocurrency is up by 3.5%, or $80, on Wednesday at $2,339 a coin. It has gained in 26 of the past 29 sessions and has doubled in value over that time. Wednesday’s gain comes after a bitcoin scaling agreement was reached by the Digital Currency Group, ...

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Lowe's sinks after same-store sales miss (LOW)

0SHARESShare An employee restocks items at a Lowe’s home improvement chain in Austin, Texas.Reuters/Mohammad Khursheed (Reuters) – Lowe’s Cos Inc, the No. 2 U.S. home improvement retailer, reported lower-than-expected quarterly profit and comparable sales, sending its shares down 7 percent in premarket trading on Wednesday. Lowe’s results were a contrast to those of larger rival Home Depot Inc, which reported ...

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Moody's downgrades China

0SHARESShare Getty Images Moody’s Investors Services cut China’s long-term local and foreign currency issuer ratings on concerns the country’s financial strength would erode in the coming years, while debt rises. The outlook for China was changed from stable to negative. The rating was dropped by a notch from Aa3 to A1, which is still comfortably in the investment grade, Moody’s ...

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Sydney siege: Police did not act fast enough to save lives, coroner finds

0SHARESShare AUSTRALIAN police failed to respond quickly enough to the threat posed by a gunman responsible for a siege at a Sydney café in 2014 in which three people including the hostage-taker were killed, a coroner said today. 0SHARESShare Click here to Read from the source

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