Also . . .

* In an effort to bolster its European business, Tommy Hilfiger Corp. has signed a definitive agreement to acquire all of the outstanding shares of Amsterdam-based T.H. International, the owner of its European licensee, for $200 million in cash. The news sent Hilfiger shares up 65 cents, or 5%, to close at $14 on the NYSE.

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* Dow Chemical Co. warned its second-quarter earnings would fall short of its previous guidance of 35 cents to 45 cents a share, citing the weak demand that is crippling the chemicals industry. The company said, however, that it would meet analysts’ consensus forecast of 33 cents.

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* Autobytel.com Inc., the leading provider of online automotive-buying services, said it will significantly cut staff at the unit it had formed to expand in Europe. The European unit has 20 employees, the Irvine-based company said.