Robbers Shoot D.C. Store Employee
A worker at Georgetown Fine Jewelry and Art in Washington, D.C., was shot and critically wounded during a brazen midday robbery, The Washington Post reports. Police ask anyone with information to call (202) 727-9099.
Sterling to Pay $1.3 Million in Back Wages
Sterling Jewelers has agreed to pay nearly $1.3 million in back wages to 16,820 current and former employees for failing to include incentive pay in the calculation of overtime and not paying employees for all hours worked—a violation of the Fair Labor Standards Act’s overtime requirements, the Labor Department announced. The consent judgment enjoins the company from future violations of the overtime pay provisions of the FLSA. Sterling voluntarily disclosed the violations to the department, and worked cooperatively with the department to ensure that the violations were fully and satisfactorily resolved, the Labor Department said.
De Beers LV Names New P.R. Director
Selda Bensusan has been named the director of public relations at De Beers LV U.S. Prior to joining De Beers LV, Bensusan worked at Cesare Paciotti and Luca Luca. She replaces longtime industry p.r. executive Joan Parker.
Tiffany to Open Second Manhattan Store
Tiffany & Co. plans to open its second store in Manhattan, to go with its Fifth Avenue flagship. The company is planning a 7,600-square-foot store on the ground floor and mezzanine of 37 Wall St. in downtown Manhattan. Tiffany will be the sole retailer in the building. The store is scheduled to open in the fall of 2007.
Odimo to Be Delisted
Online retailer Odimo was delisted from Nasdaq in August, because it had not maintained a minimum public share value of $5 million during 30 consecutive trading days. The company, which owns and operates ashford.com and worldofwatches.com, expects to be eligible for quotation on the OTC Bulletin Board.