Movado Group, Inc. today announced that it has agreed to acquire luxury watch brand Ebel from LVMH, Moet Hennessy Louis Vuitton, in an all-cash transaction valued at approximately $47.3m (€38.1m), subject to closing adjustments.

Wall Street retreated again today, extending its losses into a fourth session despite better-than-expected earnings from The Home Depot and a brokerage firm upgrade for General Electric Co.

TOM CRUISE and Nicole Kidman have joined forces to file a 47.5 million dollar lawsuit against a US cosmetics chain which they allege used their images without their consent.