Tommy Hilfiger Down 26 Pct on U.S. Probe
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Shares of Tommy Hilfiger Corp.  fell as much as 26 percent on Monday after a federal grand jury subpoenaed documents on commissions paid to a foreign subsidiary of the clothing maker.
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Clothing company Tommy Hilfiger Corp. said Monday that it agreed to purchase the trademarks of fashion designer Karl Lagerfeld, including Lagerfeld Galleries and other Lagerfeld collections, for an undisclosed cash amount.
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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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Luxury jeweler Tiffany & Co. TIF.N on  Thursday said quarterly profit fell 26 percent, hurt by  lackluster sales in Japan and higher costs for precious metals  and diamonds.
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Tiffany &amp; Co., the largest US luxury jewelry retailer, said fiscal third-quarter earnings fell 26 percent on higher costs and declining Japanese sales.
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South Korean police are seeking a 26-year-old woman on suspicion of embezzling about $1.4 million to fund a craving for designer shoes, bags and clothes, a spokesman said on Friday.
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Clothing maker Tommy Hilfiger suffered a mauling on Wall Street yesterday after disclosing it was the subject of a federal investigation that analysts said appeared to focus on tax avoidance.
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Shares of Tommy Hilfiger Corp. (TOM.N: Quote, Profile, Research) fell as much as 26 percent on Monday after a federal grand jury subpoenaed documents on commissions paid to a foreign subsidiary of the clothing maker.
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Sold trade secrets for $20, Feds allege
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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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Lower hemlines are coming back in fashion for spring and that could spell bad news for the U.S. stock market.
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FASHION designer Tommy Hilfiger has become the latest business tycoon to cash in on the reality TV phenomenon. Hilfiger will star in a contest series based on property mogul Donald Trump&#39;s reality TV hit, The Apprentice.
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NEW YORK (Dow Jones)--Tommy Hilfiger Corp. (TOM) said a federal grand jury is investigating whether its US subsidiary has been inappropriately shifting
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Business tax cuts and proliferating shelters pushed the effective tax rate of 275 large US corporations down by 20 percent since 2001, even as their pretax profits jumped 26 percent, according
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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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SAN FRANCISCO (CBS.MW) -- Fannie Mae stock fell 3.1 percent in after-hours trading Tuesday after the mortgage giant disclosed that the Securities and Exchange Commission&#39;s investigation into the company&#39;s accounting had escalated into a formal 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.