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Tiffany & Co.

With U.S. unemployment soaring and more families than ever living on food stamps, it's nice to know some folks can still scrape together the cash for a $10,000 Tiffany & Co. diamond necklace. Shares of the jewellery retailer sparkled after the company posted third-quarter profit that beat analyst estimates and raised its full-year forecast, boosted by higher revenue in Europe in Asia. What recession?

First, Russian hockey players dominate the NHL. Then a Russian submarine plants a flag at the North Pole. Now, Russia's central bank is buying up Canadian dollars? Coincidence, or thinly-veiled conspiracy to turn Canada into a land of vodka-drinking, fur-hat-wearing people who take orders directly from the Kremlin? Dahlink, don't be ridikoolus.

The next time you're downloading your favourite Metallica or Green Day album from a file-sharing site, take a moment to remember shareholders of Warner Music Group . The struggling company - whose stock has plummeted 83 per cent since 2006 - posted a quarterly loss of $18-million (U.S.) as the recession, soft CD sales and severance costs ate into its bottom line. Okay, you can go back to downloading now. Thief.

There once was a metal called gold,

Whose rally was getting quite old,

Its gains were just awesome

After India bought some

But by Friday the market was cold

Which of the following is not a type of pasta? a) linguini; b) fusilli c) rigatoni; d) bikini. Answer: d. No matter what shape you prefer, American Italian has your pasta plans covered. With more Americans staying home to eat, the largest U.S. dry pasta maker said its fourth-quarter profit more than doubled, as it cut back on institutional sales to go after the more profitable retail market.

American Italian Pasta

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About the Author
Investment Reporter and Columnist

John Heinzl has been writing about business and investing since 1990. A native of Hamilton, he earned a master's degree from the University of Western Ontario's Graduate School of Journalism and completed the Canadian Securities Course with honours. More

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