Wealthy foreigners are retreating from the ultra-luxury London property market, said estate agency Knight Frank.» Read More
One57, a luxury apartment building in Manhattan that has grabbed headlines for its use of controversial tax breaks, is now being closely watched by emergency teams, as a crane, apparently knocked loose by Hurricane Sandy, dangled from its topmost floor.
Rumors were that plans for the former Apple CEO's boat had been shelved during Jobs's illness. But the yacht has just had its posthumous launch in the Netherlands.
A study from American Express Publishing and Harrison Group shows that holiday spending will grow 33.5 percent among the top one percent of earners this Christmas, to $3.4 billion.
The 75 percent tax on millionaires in France has caused more of the rich to put their homes up for sale. But don't expect bargains in Paris, where prices remains high.
Election experts and lawyers say law specifically prevents employers from telling workers they could lose their jobs if they vote for a certain candidate.
New York's Department of Buildings is asking for more information on the luxury tower that's seeking tax breaks aimed at low-income housing.