Fifth Avenue

Style watchers have their eye on Fashion Week, under way in the Big Apple -- and so does J.C. Penney. The jcp design groupe is bringing legitimate fashion cred to the retailer, with trendy looks that rival higher-end chains. Follow their new camel cape from conception to consumer with us and you'll get the message they're sending: This is not your mother's J.C. Penney.

Mexican billionaire Carlos Slim has plunked down a cool $44 million for a hot Manhattan property -- the last remaining privately owned Fifth Avenue mansion. It's a townhouse boasting more than 19,000 square feet right across the street from the Metropolitan Museum of Art.