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Shares in Tod's rise on Goldman Sachs upgrade

MILAN (Reuters) - Shares in Italian luxury shoemaker Tod's <TOD.MI> reversed recent losses on Thursday after Goldman Sachs upgraded the stock to "neutral" from "sell" and predicted sales would rise over the next two years. The stock rose over 4 percent in early trade, giving back some gains to be quoted at 99.95 euros at 1122 GMT, 2.8 percent higher on the day.

Auction record smashed for Spanish cubist artist Gris

Juan Gris's Cubist still life "Nature Morte a la Nappe a Carreaux" ("The Checked Tablecloth") sold for £34.8 million at a London sale Tuesday, smashing the auction record for the Spanish artist. The 1915 work portrays a pile of objects -- including a bunch of grapes and a newspaper -- on a checked tablecloth. It smashed pre-sale estimates of £12-18 million, fetching almost double the previous record for a Gris work at auction. That was achieved in 2010 when his 1913 painting of a violin and a guitar sold for $28.6 million in New York.

Christie's cancels Miro art sale over Portugal dispute

Auction house Christie's on Tuesday said it had cancelled the London sale of 85 paintings by Spanish master Joan Miro valued at more than 36 million euros ($48.5 million) over a legal dispute in Portugal. The paintings became Portuguese state property following the nationalisation of the BPN bank in 2008 and their sale has been met with fierce opposition by art lovers in Portugal. But the cash-strapped Portuguese government has argued that the sale of the paintings would bring a much-needed injection of funds.

Miro art sale cancelled over Portugal dispute: Christie's

Auction house Christie's on Tuesday said it had cancelled the London sale of 85 paintings by Spanish master Joan Miro valued at more than 36 million euros over a legal dispute in Portugal. "The sale of the collection of 85 works by Joan Miro has been cancelled as a result of a dispute before the Portuguese court, to which Christie's is not a party," the auction house said in a statement, hours before the first of the paintings were due to go under the hammer.

Portugal clears controversial Miro auction

A Portuguese court on Tuesday cleared the controversial sale of 85 paintings by Spanish master Joan Miro valued at over 36 million euros, just hours before they are due to go up for auction. The decision came in spite of demands from Portugal's opposition Socialist party for a suspension of the sale, according to the Lusa news agency. The artworks are set to go under the hammer at London auction house Christie's, which has valued the works at more than £30 million (over 36 million euros), a much-needed injection of funds for cash-strapped Portugal.

Portugal clears controversial Miro auction

A Portuguese court on Tuesday cleared the controversial sale of 85 paintings by Spanish master Joan Miro valued at over 36 million euros, just hours before they are due to go up for auction. The decision came in spite of demands from Portugal's opposition Socialist party for a suspension of the sale, according to the Lusa news agency. The artworks are set to go under the hammer at London auction house Christie's, which has valued the works at more than £30 million (over 36 million euros), a much-needed injection of funds for cash-strapped Portugal.

Christie's displays 85 Miro pieces ahead of auction

London, Jan 22 (EFE).- Christie's put on display 85 pieces by Joan Miro (1893-1983) ahead of an auction here next month devoted to the Spanish surrealist. The works making up the collection, Miro - Seven Decades of His Art, will be offered in three separate sales Feb. 4-5 at Christie's London. Together, the Miro pieces are expected to fetch as much as $49.2 million. The best known of the works, "Femmes et oiseaux" (Women and Birds), which Miro painted in 1968, carries an estimated value of $6.5 million to $11.4 million.

Christie's displays 85 Miro pieces ahead of auction

London, Jan 22 (EFE).- Christie's put on display 85 pieces by Joan Miro (1893-1983) ahead of an auction here next month devoted to the Spanish surrealist. The works making up the collection, Miro - Seven Decades of His Art, will be offered in three separate sales Feb. 4-5 at Christie's London. Together, the Miro pieces are expected to fetch as much as $49.2 million. The best known of the works, "Femmes et oiseaux" (Women and Birds), which Miro painted in 1968, carries an estimated value of $6.5 million to $11.4 million.

Business Highlights

___ Shoppers fret about authenticity of Target emails NEW YORK (AP) — An email sent to the roughly 70 million Target customers who may have been affected by a pre-Christmas data breach is causing panic among those who fear it could be an attempt to victimize them again. Target says the email, which offers free credit monitoring services to potential victims of the breach, is legitimate. But the company has identified a handful of scammers who are trying to take advantage of the public's fear and confusion.

GE profit rises on stronger industrial sales, shares fall on failure to hit margin target

NEW YORK, N.Y. - General Electric Co. posted increased revenue and profit for the fourth quarter on rising sales in emerging markets, higher banking profit, and stronger global sales of aircraft engines and oil and gas drilling equipment. The company's shares fell 2.3 per cent Friday, though, because GE failed to increase its profit margin as much as it had predicted.
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