Soviet Union

America is $15.5 trillion dollars in the red. So why is the Pentagon buying military hardware that no one wants or needs?

Leap Day is essentially an astronomical cheat used to keep the Gregorian calendar synced up with the Earth's orbit. Yet while it's only a quarter as common as the other days of the year, it has had its fair share of financially significant events.

In the Mediterranean waters near Giglio, treasure hunters are preparing to dive after the lost loot of the Costa Concordia. But the riches that went down with that cruise ship pale next to what one wreck hunter thinks he's found off the coast of Massachusetts: $3 billion in platinum.

Russian billionaires are getting so rich that not even ordinary cell phones will do anymore. Danish company Aesir has created an 18-carat, limited edition cell phone that will retail for more than $57,000. The target buyer? Moscow's fashionistas and monied elite.

Izhmash Arms Factory, the sole licensed manufacturers of the famous AK-47 assault rifle, may be facing bankruptcy. Andrei Markin, a businessman in the company's home city of Izhevsk, has filed suit to declare the company bankrupt because of outstanding debts totaling approximately $265,000. While...