Tiffany ♥ Elsa
Tiffany & Co. reached a deal to continue selling jewelry by Elsa Peretti, which accounts for about 10 percent of its sales. Peretti will receive a one-time payment of $47 million and royalties as part of the 20-year licensing contract.
Heal thyself
WebMD Health, the online provider of medical information, won a judge’s ruling dismissing a class action. Investors were given 60 days to file a new complaint.
Vroom!
US light-vehicle sales in December likely climbed to almost 1.37 million, according to estimates by Bloomberg. That would push deliveries for the full year to 14.5 million, the best annual total since 2007.
New hedgie
Joel Salomon, a former proprietary trader and director at Citigroup, plans to start long-short equity hedge fund SaLaurMor Capital this month.
Solar Warren
A unit of Warren Buffett’s Berkshire Hathaway agreed to spend as much as $2.5 billion to build two solar projects in California that are set to be the world’s largest photovoltaic development.