French luxury conglomerate LVMH is denying reports that it is responsible for deteriorating and rusting Olympic medals that were handed out to athletes during the Summer Games in Paris last year.

Shares of LVMH Moët Hennessy-Louis Vuitton (OTC: LVMUY) slid today as the global luxury giant was one of a wide range of stocks getting hit on the White House's action over the weekend to impose ...