Martha Stewart Takes the Stand in Macy’s Lawsuit
David Handschuh/Pool via Bloomberg(NEW YORK) — Even in court Martha Stewart never fails to make an impression.Stewart, who referred to herself as an “uber-designer,” testified Tuesday in State Supreme Court in Manhattan wearing a short, l…
Politicians Rank High on “Forbes” Billionaires List
ABC/Donna Svennevik(NEW YORK) — Some say that there is a lot of money in politics. Well, according to the Forbes 2013 Billionaires List, there are many politicians who have a lot of money too.Here are the politicians topping Forbes’ list:Michael Bloom…
Australia Offering ‘Best Jobs in the World’ Contest
Tourism Australia(NEW YORK) — Want to get paid $100,000 to take a “working holiday” Down Under? Then Australia might have a deal for you.Tourism Australia Monday announced a competition called “Best Jobs In The World,” in which six winners will each g…
Dow Inches Closer to Record High
Hemera/Thinkstock(NEW YORK) — The Dow finished Monday a little closer to its record high after overcoming an early loss, caused by new steps from China to rein in its booming housing market.The Dow Jones Industrial Average closed at 14,127.82. The ind…
Anheuser-Busch Responds to Watered-Down Beer Claims with Ads
Alexander Zemlianichenko JR/Bloomberg via Getty Images(NEW YORK) — Anheuser-Busch InBev, the maker of Budweiser, has been hit with multiple federal lawsuits, claiming the company is watering down its brew. The beer maker has disputed the claims,…
Sequestration Is Bad Policy, Economists Say
Hemera/Thinkstock(NEW YORK) — Sequestration is a bad idea, according to members of the National Association for Business Economics.In its latest survey, NABE found that panelists “overwhelmingly” rejected the across-the-board spending cuts that kicked…
Non-Profit Urges Tax-filers to Save Tax Refund
iStockphoto/Thinkstock(NEW YORK) — A non-profit group hopes to encourage tax filers to save a portion of their tax refund through a contest.Doorways to Dreams (D2D) Fund is a non-profit group based in Allston, Mass. and founded by a former Harvard Bus…
Outbox: New Service Turns Snail Mail into Email
Outbox(NEW YORK) — Do you still rely on snail mail? Outbox is a new startup that wants to help you “manage your postal mail like email.”The service will send what it calls “unpostmen” to your home mailbox to collect your mail f…
Goldman Sachs Can Party Again
Photographer: Andrew Harrer/Bloomberg via Getty Images(NEW YORK) — Is the recession over? Looking at the Instagram photos of one New York socialite, you might think so.Photos of a lavish Goldman Sachs partners dinner last month showed bankers are part…
CEO’s Severance Will Include iPads, iPhone, No Cash
Courtesy of Apple(NEW YORK) — The former CEO of insurer Marsh & McLennan will receive an unusual severance package that included his company-issued iPads, iPhone and Blackberry, but no cash.Brian Duperreault, 65, announced in September that, after…
Facebook Announces New Look for News Feed
Photo Illustration by Justin Sullivan/Getty Images(MENLO PARK, Calif.) — Here’s some News Feed news. Facebook invited reporters to “come see a new look for News Feed” next Thursday at the social network’s campus in Menlo Park, Calif. …
US Personal Income Falls 3.6% in January, Biggest Drop in 20 Years
Steve Cole/Getty Images(WASHINGTON) — Americans spent more money in the beginning of this year, even as their wallets shrunk, new government figures out Friday show.According to the latest report from the Commerce Department, consumer spending increas…
Aston Martin Makes Pricey, Limited-Edition Baby Stroller
Christopher Furlong/Getty Images(NEW YORK) — Move over, Bugaboo. Step aside, UPPAbaby.Harrods, the famed British department store, is offering what’s being billed as the ultimate in baby transportation: a stroller from British sports car-m…
Cocktails and a Movie? Company Offers Luxury Theaters for the Masses
Peter Barg for Wehrenberg Theatres(NEW YORK) — With households able to watch movies on small and large screens in private homes, at least one movie theater company says it has found the secret sauce in the luxury theater market.Wehrenberg Theatres&rsq…
Maria Shriver and Son Are Rolling in (Pizza) Dough
Jason LaVeris/FilmMagic(NEW YORK) — Maria Shriver has gone from former first lady of California to pizza owner.Shriver, a former journalist and the estranged wife of Arnold Schwarzenegger, is among a group of elite investors in Blaze Pizza, a U.S. cha…
Could the Sequester Impact Your Student Loans?
JupiterImages/Comstock Images(WASHINGTON) — While Republicans and Democrats fight over how to deal with the automatic budget cuts that start Friday, the sequester will almost certainly mean cuts to programs for college students.That includes cuts to s…
Groupon Ousts CEO Andrew Mason
David Paul Morris/Bloomberg via Getty Images(CHICAGO) — Online coupon site Groupon, after a series of losses and missteps, said Thursday that it is replacing CEO Andrew Mason.Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis have been ap…
Audrey Hepburn Selling Chocolate from the Grave?
Paramount Pictures/Courtesy of Getty Images(NEW YORK) — They may be dead, but they can still move product.That explains why so many celebrities — or their likenesses, anyway — are used in commercials. To wit: Fred Astaire, who danced with the …
Calif. Town Offered $11M to Rename Itself SugarDaddie.com
iStockphoto/Thinkstock(NEW YORK) — Woodside, Calif., is one of the wealthiest communities in the country, and the owner of a unique dating site wants to take advantage of its rich history by offering the town $11.65 million to change its name — to Su…
US Economy Grew 0.1% During Last Three Months of 2012
Comstock Images/Thinkstock(WASHINGTON) — The U.S. economy grew at an annual rate of 0.1 percent in the last three months of 2012, according to the second estimate released by the Commerce Department on Thursday, a reverse from the 0.1 percent decline …