Tiffany & Co. (NYSE: TIF) on Friday announced its second-quarter net income was up 19 percent on higher revenue as customers purchased more expensive jewelry around the world.

Tiffany’s reported net income of $67.7 million, or 53 cents per share, for the second quarter, up 19 percent from $56.8 million, or 46 cents per share, a year prior. Revenue missed analyst expectations by only gaining 9.2 percent to $668.8 million, analysts surveyed by Thomas Reuters had forecast $690.2 million.

The company said it had surpassed its own forecast. Tiffanys also boosted its full year earnings outlook by 10 cents per share.

Tiffany’s said China and Hong Kong were the strongest markets. In Asia same store sales gained 7 percent before the effect of currency translation, and in Europe they increased 21 percent.  Sales at Tiffany’s flagship store on Fifth Avenue were increased 8 percent which was gained mainly from tourism. In the New York area, same store sales had increased 12 percent.

Tiffany & Co plans to open 14 new stores this year.

Shares of Tiffany’s dropped $1.85 or 4.4 percent to $40.19 in the morning.

Hewlett-Packard Co. (NYSE: HPQ)on Friday increased its offer for 3Par Inc. to $1.88 billion, once again outbidding Dell Inc.’s (Nasdaq: DELL) offer by 11 percent.

The new HP offer comes a few hours after 3Par accepted Dell’s matched $1.6 billion offer, HP fired back offering $1.8 billion for the company, or $27 per share in cash.
The bidding war for 3Par began last week when Dell offered to buy the company for $1.15 billion. HP had also made an earlier offer as well, but was rejected.

During early trading on Friday, Shares of 3Par increased $5.43, or 21 percent, to $31.46. Investors are expecting Dell to respond with another counter offer due to 3Par’s Shares being above HP’s current offer price.

Dell spokesman David Frink said that the company has plans to review HP’s new offer and “act in the best interests of our customers, shareholders and long-term value creation.”

Both companies are viewing the storage company 3Par as a way to build up their computing businesses, software, data storage and other services to customers. They are also both trying to expand beyond the PC business due to shrinking profits as many companies are not buying their own servers anymore.

Dell’s Shares were up 21 cents, or 1.8 percent, to 11.96 in morning trading. HP shares decreased 46 cents, or 1.2 percent, to $37.76.

Hewlett-Packard (NYSE: HPQ) on Thursday raised its offer price for storage company 3PAR to $1.8 Billion, outbidding Dell’s (Nasdaq: DELL) revised offer made earlier in the day by approximately $200 Million.

Ford Motor Co. (NYSE: F) on Thursday announced its plans to launch eight new vehicles in India in the next five years, taking advantage of expanding in the rapidly growing market.

Ford says that its growth in Asia Pacific and Africa should account for 70 percent of the company’s global growth in the next decade. Sales were 16 million in the region in 2009, and should  reach 35 million by 2018.

This follows the May 2010 launch of the subcompact Ford Figo in India , which sold more than 30,000 vehicles in 25 weeks.

The auto maker said on Thursday that it  is planning to export its recently introduced Figo small car from India to 50 new markets, including Mexico, North Africa and the Middle East, beginning next year.

Ford Shares rose more than 1% in morning trading.