The death of Whitney Houston found nostalgic fans rushing to buy the music icon's catalog of digital works, which means a bittersweet payday for her label Sony Music. But a gaffe overseas is making Sony out to look like a greedy opportunist.
A Chinese vase that spent years in a suburban London household sold for 43 million pounds ($67.8 million) at auction. Including tax and commission, the final price was 53.1 million pounds ($85.8 million).
The U.K. economy slowed considerably in the third quarter. And to avoid a double-dip recession, the government may have to take further fiscal action.
The U.K.'s triple-A credit rating is safe, thanks to the government's austerity measures and a flexible economy, rating agency Moody%u2019s said.
Three times as many Americans renounced their citizenship in 2009 as in 2008. Many are eager to quit for tax reasons -- so much so that some U.S. embassies report a waiting list to escape from Uncle Sam's clutches.
In laying out a new budget to tackle Britain's fiscal mess, newly appointed Chancellor of the Exchequer George Osborne has proposed a multibillion-pound bank levy, which will apply to the balance sheets of U.K. banks, as well as a hike in the value-added tax.
Facebook, already blamed by the media for causing divorces, Internet addictions and other social ills, now is being unfairly singled out for contributing to rising cases of syphilis. While the social network is far from perfect, blaming it for rising STDs will only distract people from attacking the root causes of the problem.
Credit rating agency Standard & Poor's says it may downgrade Japan's current AA sovereign debt to AA-. S&P has officially changed its outlook on Japan's debt from stable to negative. Is Japan the canary in the credit coal mine for the U.S. and U.K.?
You can deal with future dollar declines by gaining exposure to foreign currencies -- either by investing in the currencies themselves, or by buying stocks in companies whose earnings aren't denominated in dollars.
