'Jacob the Jeweler' pleads guilty, could face prison
Jacob Arabov, known among his celebrity clients as "Jacob the Jeweler," pleaded guilty in federal court on Wednesday to falsification of records and making a false statement to a federal agent in connection with a federal money-laundering investigation in Detroit that involved a drug ring.

Neiman Marcus announces promotions
Neiman Marcus Group Chairman and Chief Executive Officer Burt Tansky announced today several changes to the leadership structure of the company.  Neiman Marcus Stores President and CEO Karen Katz has been promoted to an executive officer of The Neiman Marcus Group, with additional responsibility for strategy, business development and marketing.

Survey: Holiday spending down, gifts up
Although shaky economic conditions are causing many consumers to reduce their overall holiday spending this year, shoppers say they expect to buy a greater number of gifts than they did last year, according to a new survey commissioned by Deloitte and Touche.

House of Taylor Jewelry, Inc. Receives Nasdaq Notification Related to Minimum Bid Price
House of Taylor Jewelry, Inc. today announced that it received a notice on October 29, 2007 from The Nasdaq Stock Market (the "Nasdaq Notice") indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth under Nasdaq Marketplace Rule 4320(e)(2)(E)(ii) (the "Minimum Bid Price Rule"). Under the rules set forth by the Nasdaq Listing Qualifications Department, issuing this notice is customary practice when a Nasdaq quoted company's closing price has been less than $1.00 per share for 30 consecutive trading days.

Aber Diamond changing name to Harry Winston Diamond Corp
Aber Diamond Corp. began its corporate life as a mining junior, and rose to riches through the discovery of what is now the Diavik Diamond mine in the Northwest Territories. Toronto-based Aber still owns 40% of the mine. London-based Rio Tinto PLC is the mine operator with a 60% stake.