Tiffany & Co ( TIF.N ) on Tuesday reported a higher quarterly profit, helped by stronger-than-expected sales as business soared in China, and the U.S. jeweler raised its full-year forecast as global sales rose 7 percent to $911.5 million in the third quarter ended October 31.
China's anti-trust investigation into Qualcomm, the world's biggest smartphone chip maker, is likely tied to the impending $16 billion rollout of commercial fourth-generation services by China's big telecoms carriers.
The NASDAQ Composite index broke above 4,000 on Monday but failed to close above that psychological level. However, some of the stocks that you would have expected to be up with the rest of the tech-heavy NASDAQ weren't on Monday. Yelp, Open Table, Pandora, and Facebook were all down sizably.
It's been a bumpy few months for electric car maker, Tesla Motors. While enjoying the highs of high customer satisfaction and continued praise for the Model S electric sedan, the company has also endured high scrutiny for a trio of accident-related fires in its vehicles. CEO Elon Musk doesn't seem worried, though, despite an National Highway Traffic Safety Administration investigation into the fires.