Luxury retailer Saks Inc. reports its fiscal first-quarter results before the regular markets close Tuesday. The numbers should give insight into the strength of the luxury sector and whether the financial ...

DAVI LUXURY BRAND GROUP, INC. today announced that effective as of the opening of trading on May 10, 2012, the Company effected a reverse stock split of its outstanding shares of common stock on a 1-for-10 basis and a corresponding decrease in the number of shares of its common stock that it is authorized to issue .

New records set in just over 60 per cent of markets in the first quarter KELOWNA, BC, May 16, 2012 /CNW/ - The Canadian appetite for all things luxury continues to fuel demand for high-end housing, with ...

MADRID (MarketWatch) -- European stock markets rebounded in afternoon trade on Wednesday, paring losses as luxury-goods maker Compagnie Financiere Richemont SA rose nearly 10% on results, igniting the sector. Oil stocks also moved higher, with Total SA up 2.7% as crude prices also pared losses. The Stoxx Europe 600 index traded flat at 245.55, versus a loss of over 1% earlier. The French CAC 40 ...

(IBTimes) - FROM MORRISON SECURITIES PTY. LTD: U.S. STOCK MARKETS The Dow Jones Industrial Average fell for a fourth straight day as confusion over

Global luxury goods sales are defying initial concerns over Eurozone turmoil and fears of a cool down in emerging markets, and will exceed €200 billion in 2012; this according to Bain & Company, the leading advisor to the global luxury goods industry, in the Spring 2012 Update to its industry bellwether “Luxury Goods Worldwide Market Study,” which was unveiled at a conference hosted by ...

* Price range indicated at HK$25-HK$37/share - sources * To offer $850 mln new shares, $150 mln in existing stock * Offering will value jeweller at $3 bln-$4 bln (Adds detail from prospectus, background) ...

The most successful technology IPO in history roared to a start Friday morning, with sales of Facebook shares opening at $42.05 -- well above the pre-set price of $38 -- and the trading volume was exceptionally heavy.

European stocks end lower, dragged down by continuing worries over debt problems in the euro zone.

Edouard Carmignac, who manages 48 billion euros ($61 billion) and correctly called the 2009 stock market rally, said he’s buying equities exposed to emerging markets and reducing his cash and gold positions.