Tommy Hilfiger Down 24 Pct on U.S. Probe
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Shares of Tommy Hilfiger Corp. TOM.N  fell 24 percent on Monday morning after the clothing maker said  a federal grand jury subpoenaed documents from its U.S. unit  regarding commissions paid to a subsidiary outside the United  States.
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Investigators were expected to question the trader in connection with a $7.2 billion loss at SociÃ©tÃ© GÃ©nÃ©rale.
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The clothing retailer's profits take a hit on weather woes and bigger-than-expected markdowns
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Tommy Hilfiger U.S.A., Inc., said on  Friday that it received a federal grand jury subpoena seeking  documents relating to commissions that were paid to a non-U.S.  subsidiary since 1990.
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Tommy Hilfiger USA said Friday that it received a federal grand jury subpoena seeking documents related to commissions the company paid to a non-US subsidiary since 1990.
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Bank of New York Co. Inc. is talking to US prosecutors about paying a $24 million penalty in order to avoid a criminal indictment on charges of failing to report suspicious activity at
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Insider stock sales at U.S. apparel  companies jumped in September from a year ago, a sign that  investors should shun clothing companies' stocks as their  prices could drop further, a research firm said on Monday.
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By JORDAN ROBERTSON  SAN FRANCISCO - The congressional panel investigating Hewlett-Packard Co.'s boardroom spying probe has demanded that CEO Mark Hurd explain $1.37 million worth of options he exercised just before the scandal became public, two congressmen said Wednesday.
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The average U.S. retail gasoline  price fell to $2.38 a gallon, dropping for the seventh week in  a row, and could decline another 23 cents by mid-October, the  government said on Monday.
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Bank of New York (BK:NYSE - news - research) reportedly faces a $24 million fine to avoid a criminal indictment for allegedly failing to report suspicious activity at one of its branches.
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Shares of the world&#39;s largest retailer are likely to come under pressure later Monday, after the company threw a shadow over preliminary holiday retail data when it cut its estimates on Saturday.
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The U.S. Defense Department said on Thursday it was awarding what might have been its richest-ever single contract at $24 billion, but it erred by a factor of 1,000.
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South Korean police are seeking a 26-year-old woman on suspicion of embezzling about $1.4 million (682,000 pounds) to fund a craving for designer shoes, bags and clothes, a spokesman said on Friday.
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Tommy Hilfiger Corp. - whose once-hot preppy clothing business has cooled - is making a play to rekindle growth by buying luxury brand Karl Lagerfeld.
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US fashion company Tommy Hilfiger announced it had bought up clothing brands belonging to the stylist Karl Lagerfeld for an undisclosed sum.
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U.S. Treasury debt prices slipped  slightly on Wednesday ahead of the Treasury's auction of $24.0  billion in two-year notes.
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As reality fever continues, CBS has announced a new series with fashion designer Tommy Hilfiger, The Cut, that will pit 16 contestants against each other in a competition to find America's fashion trendsetter of tomorrow.  Hosted by Hilfiger, the winner will be given the opportunity to design a collection of clothing under the Tommy Hilfiger label and become the next great American designer.