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  • 1954 Ferrari 375 MM

    Art, cars and collectibles passed down are often subject to estate taxes or gift taxes, but their value can be subjective, The NY Times reports.

  • *EU producers allege dumping by China. PARIS, Feb 6- Seven countries including France, Britain and Germany have urged the European Union to step up action to relieve an ailing steel industry suffering from tumbling prices and cheap imports from China and Russia. Europe has lost 85,000 steel jobs since 2008, over 20 percent of the workforce, according to the...

  • BUENOS AIRES/ NEW YORK, Feb 6- Investors on Saturday praised the speed with which new Argentine President Mauricio Macri made a cash offer to holders of defaulted bonds aimed at ending a long and bitter dispute that has strangled government finances. A financial markets pariah since defaulting on a record $100 billion in 2002, Argentina proposed on Friday a...

  • ZAGREB, Feb 6- Croatia is unlikely to go ahead with plans to build a new coal-fired thermal plant in the northern Adriatic for which it entered partnership talks with Japan's Marubeni Corp, the environment minister said on Saturday. Such plants don't fit in, " Slaven Dobrovic said at an energy round-table in Zagreb. Croatia agreed early last year to begin talks with...

  • BUENOS AIRES/ NEW YORK, Feb 6- Investors on Saturday praised the speed with which new Argentine President Mauricio Macri tabled a cash offer to holders of defaulted bonds aimed at ending a long and bitter dispute that has strangled government finances. A financial markets pariah since defaulting on a record $100 billion in 2002, Argentina proposed on Friday a...

  • LISBON, Portugal— The Portuguese government says it has agreed to buy 50 percent of the country's carrier TAP Air Portugal for 1.9 million euros. Prime Minister Antonio Costa, Planning and Infrastructure Minister Pedro Marques and Finance Minister Mario Centeno were at the ceremony in Lisbon. On Jan. 7, the Cabinet announced it was annulling the concessions to...

  • FRANKFURT, Feb 6- The vast troves of consumer data held by big Internet companies should be scrutinised in merger probes because they have a big impact on competition, the president of the German antitrust watchdog told a newspaper. But that obviously goes against the logic of many Internet markets, " Andreas Mundt told Sueddeutsche Zeitung's Saturday edition.

  • MADRID— An explosion at a biodiesel plant has killed two workers and left one survivor seriously injured, Spanish emergency services said Saturday. The Emergency Coordination and Information Center for the regional government of Valencia said the explosion occurred at around 11 a.m. Saturday at a fuel production plant in Algemesi, 33 kilometers south of the...

  • WASHINGTON— President Barack Obama said Saturday that he will ask the Republican-led Congress to double spending on research and development into clean energy by 2020. GOP lawmakers scoff at the science behind climate change and dismiss Obama's pleas for the issue to be dealt with urgently. Obama on Tuesday plans to send to Congress the spending blueprint...

  • BEIJING, Feb 6- China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization, responding to reports that the European Commission was preparing to impose duties on imported Chinese steel. The EC is set to impose provisional duties later this month of up to 16 percent on China, and of up to 26 percent on...

  • NEW YORK— It make take weeks to determine why a huge construction crane that was being lowered during strong winds came crashing down onto a street, killing a pedestrian and crushing a row of parked cars, city officials said Saturday. Investigators are reviewing surveillance footage from nearby buildings and poring over the twisted, crumpled steel of the 565-...

  • DIARY-Top Economic Events to Feb 18 Friday, 5 Feb 2016 | 7:01 PM ET

    MONDAY, FEBRUARY 8 LOS ANGELES- Federal Deposit Insurance Corp Chair Martin Gruenberg speaks before the 2016 National Inter-agency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and the...

  • WASHINGTON, Feb 5- Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world's most notorious financial hacking operations, according to three sources with knowledge of the matter. Experts familiar with the situation said the case represents Russia's biggest...

  • NEW YORK, Feb 5- A U.S. aluminum fabricator said its New Jersey warehouse had not been raided by police, dispelling rumors that swept the market this week as U.S. regulators mull whether to probe allegations of dumping by a Chinese company it has been linked to. "We have received inquiries from our customers and others, about rumored police activity," Delair, New Jersey-...

  • Feb 5- LinkedIn Corp's shares closed down 43.6 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The rout in the stock cost LinkedIn chairman Reid Hoffman about $1.2 billion based on his 11.1 percent stake in the company he...

  • LinkedIn shares plunge almost 44 percent Friday, 5 Feb 2016 | 5:28 PM ET

    SAN FRANCISCO— Investors gave LinkedIn a poor job review Friday in the form of a dramatic sell-off that wiped out nearly $11 billion in the professional networking site's market value. LinkedIn said it expects revenue of about $3.6 billion to $3.65 billion for this year, while analysts surveyed by FactSet were projecting sales of $3.9 billion.

  • DUBLIN, Feb 5- Fitch raised Ireland's credit rating a notch to' A' on Friday, taking the unusual step of upgrading a country's debt in the middle of an election campaign, a move that could potentially hand the government parties a boost. Ireland's prime minister Enda Kenny called elections for Feb. 26 on Wednesday, kicking off campaigning for what promises to be a...

  • Feb 5- Aircraft engine maker CFM International said its backlog hit a record $180 billion last year as sales of fuel-efficient jetliners rose despite low oil prices and weakening economies that have raised concern about an aviation slowdown. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog rose to 13,400 engines, including...

  • Feb 5- A federal judge on Friday said Allergan Plc's planned generic version of a drug meant to treat epilepsy infringed patents belonging to Supernus Pharmaceuticals Inc.. They closed up $2.00, or 19.7 percent, at $12.13 on the Nasdaq. District Judge Renée Marie Bumb in Camden, New Jersey said Allergan's proposed generic infringed two of the three Supernus...

  • NEW YORK, Feb 5- Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much is riding on Sunday's meeting between Venezuelan Oil Minister Eulogio Del Pino and his Saudi...