The trade show operator got the approval from the Italian Stock Exchange.
Investors claim Signet did little but “deny and downplay” the underlying discrimination suit until accounts of worker harassment became public.
Retail and luxury stocks were mostly up in mid-morning trading on Tuesday.
Traders are also gauging the non-farm payrolls report due on Friday. They’re looking for signs of weakness.
Also of concern was a drop in crude oil this morning below $40 a barrel.
As the European Central Bank decided to cut interest rates to spur economic activity, a report from analysts at S&P Capital IQ noted that the outlook for the U.S. economy “is bright.”
The S&P 500 is up 200 percent since 2009.
The S&P Retailing Industry Index fared worse, and staggered to the finish with a 2.3 percent drop to 1,067.
The price of crude oil has become one of the most critical variables in investment algorithms, and is now firmly correlated to the market.
A slowing fourth-quarter gross domestic product was not enough hold back global equities.
Higher crude oil did little to cheer investors as a statement from the Federal Reserve signaled caution over the direction of the global economy.