Costco Ordered to Pay Tiffany $19.4 Million for Selling 'Fake' Engagement Rings

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Costco Ordered to Pay Tiffany $19.4 Million for Selling 'Fake' Engagement Rings

A federal judge on Monday said Tiffany & Co may recover at least $19.4 million in damages from Costco Wholesale Corp over the warehouse club chain's illegal sale of counterfeit diamond engagement rings bearing the “Tiffany” name.
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Dubai's Union Properties reports $624 mln loss, cites accounting errors

This follows an in-depth investigation of accounting practices within Union Properties as far back as 2013. The probe was initiated by a new board and
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Chartered Accountants ANZ pays new CEO Rick Ellis up to $1m

The accounting body has not disclosed the specific benchmarks for this bonus, but said in a statement on its website the key indicators have already
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Trump Administration Takes Key Step To Rolling Back Auto Fuel Standards

The Trump administration has begun the process of rolling back tough fuel standards for America's car and light truck fleet. The Environmental Protection Agency and the Transportation Department have opened the public comment period on the rewriting of
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German Economy Extends Growth Spurt as Nation Heads for Vote

The German economy extended its growth spurt in the second quarter, playing into the hands of Angela Merkel as she bids for a fourth term as chancellor.
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