commercialism

China's world-famous Shaolin monks are joining forces with state-owned China Travel Service to promote travel to their 1,500-year-old monastery. The new company will raise as much as 1 billion yuan ($146.4 million) in a share listing.

Giorgio Armani has upgraded his yacht. His new vessel is 213 feet long (a 27 percent upgrade) and, while his old yacht is having a little trouble selling, he doesn't seem too upset. His company, Giorgio Armani S.p.A., just opened a brand-new 43,000-square foot flagship store on Fifth Avenue in...