Dueling over diamonds: LVMH says Tiffany not worth buyout

PARIS (AP) — It's an ugly spat for such a glamorous industry: French luxury powerhouse LVMH and U.S. jeweler Tiffany & Co. are blaming each other for the collapse of what would have been the sector's biggest-ever buyout deal. Paris-based LVMH had announced Wednesday it was abandoning the $14.5 billion...

Luxury goods giant LVMH cancels $14.5B deal for Tiffany

NEW YORK (AP) — Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had requested a delay to assess the threat of proposed U.S. tariffs. Wednesday's announcement came after the deal's value had been eroded by wider industry troubles caused...

Intra-Cellular, Qorvo rise; Slack, Tiffany fall

NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday: AstraZeneca Plc., down $1.07 to $53.64. The drug developer halted late-stage studies of its potential COVID-19 vaccine to investigate a “potentially unexplained” illness. Mastercard Inc., up $9.76 to $339.64. The...

J.M. Smucker, Amgen rise; Tiffany, Best Buy fall

NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday: Immunovant Inc., up $1.18 to $34.66. The biotechnology company reported encouraging results from a study of its potential treatment for a muscle fatigue condition. Amgen Inc., up $12.65 to $248.22. The biotechnology giant will be...