Toy buyers beware, despite crackdown: watchdog
By Kevin Drawbaugh
WASHINGTON (Reuters) – Toy buyers beware — toxic chemicals are still found in kids’ products despite new laws against them, said a U.S. consumer watchdog on Tuesday.
With the holiday shopping season getting under way, the U.S. Public Interest Research Group (PIRG) warned consumers to avoid soft plastic toys and heavy children’s jewelry.
“It’s still [...]
Toy buyers beware, despite crackdown-U.S. watchdog
By Kevin Drawbaugh
WASHINGTON, Nov 25 (Reuters) – Toy buyers beware — toxic chemicals are still found in kids’ products despite new laws against them, said a U.S. consumer watchdog on Tuesday.
With the holiday shopping season getting under way, the U.S. Public Interest Research Group (PIRG) warned consumers to avoid soft plastic toys [...]
CORRECTED – WRAPUP 1-Consumer frugality hits Zale, Signet results
* Zale Q1 loss $1.43 vs. Wall St view loss $0.95
* Signet Q3 loss $0.18 vs. Wall St view loss $0.05
* Zale Q1 sales down 3.5 pct, Signet Q3 sales down 7.3 pct
* Zale withdraws fiscal 2009 outlook (Corrects Reuters Estimates data for Signet to show analysts’ had forecast loss [...]
CORRECTED – WRAPUP 1-Consumer frugality hits Zale, Signet results
* Zale Q1 loss $1.43 vs. Wall St view loss $0.95
* Signet Q3 loss $0.18 vs. Wall St view loss $0.05
* Zale Q1 sales down 3.5 pct, Signet Q3 sales down 7.3 pct
* Zale withdraws fiscal 2009 outlook (Corrects Reuters Estimates data for Signet to show analysts’ had forecast loss [...]
Tepid jewelry auctions show wealthy holding back
By Stephanie Nebehay and Katie Reid
GENEVA/ZURICH (Reuters Life!) – The world’s wealthiest people were bidding timidly at Christie’s and Sotheby’s jewelry sales this week, in a sign the financial crisis has caused even the super-rich to hold back.
While one sapphire ring sold for a record $3.5 million, most of the eye candy languished on the [...]
UPDATE 4-Gold rises above $800 on strong physical buying
* Gold rises more than 7 percent, rallying above $800 * Physical buying supports gold, but investors cautious * Economic uncertainties bolster gold’s haven status (Recasts, new details throughout, moves dateline from LONDON) By Frank Tang NEW YORK, Nov 21 (Reuters) – Gold rallied above $800 an ounce on Friday, ending the week [...]
Tepid jewelry auctions show wealthy holding back
By Stephanie Nebehay and Katie Reid
GENEVA/ZURICH (Reuters Life!) – The world’s wealthiest people were bidding timidly at Christie’s and Sotheby’s jewelry sales this week, in a sign the financial crisis has caused even the super-rich to hold back.
While one sapphire ring sold for a record $3.5 million, most of the eye candy languished on the [...]
Gold rises on physical buying as stocks tumble
By Frank Tang and Pratima Desai
NEW YORK/LONDON (Reuters) – Gold prices ended higher on Thursday, buoyed by interest from jewelry makers and as investors sought safety after U.S. stocks plunged nearly 7 percent on mounting worries about a deepening economic slump.
Spot platinum fell to a three-week low of $764.50 an ounce, a fall of nearly [...]
UPDATE 6-Gold rises on physical buying as stocks tumble
* Strong physical investment and jewelry demand boost gold
* US stocks plunge 6 pct as investors seek safety in gold
* Recession, deflation knock sentiment (Recasts, updates with quotes, closing prices, market activity, adds NEW YORK to dateline)
By Frank Tang and Pratima Desai
NEW YORK/LONDON, Nov 20 (Reuters) – Gold prices [...]
Sapphire sets record but many lots fail: Christie’s
By Stephanie Nebehay
GENEVA (Reuters) – A large Kashmir sapphire ring set a world record at auction on Thursday night, fetching nearly $3.5 million, but half of the jewels on offer failed to sell in a market shaken by the financial crisis, Christie’s said.
Jewels netted a total of $22.5 million a day after Sotheby’s sold gems [...]