News

J.C. Penny Shares Up on Report Chain is Tapping Real Estate

J.C. Penney Co., the struggling retail chain, is exploring new ways to borrow against its real estate holdings to help raise cash, according to reports.

Russian Heiress Ekaterina Rybolovleva Buys Greek Private Island, Skorpios

Ekaterina Rybolovleva, the 24-year-old daughter of fertilizer juggernaut, Dmitry Rybolovleva has reportedly purchased the private islands of Skorpios in Greece for an undisclosed amount. The island was sold by Athina Onassis Roussel, the sole surviving child of late shipping magnate, Aristotle Onassis.

Katy Perry To Buy Two Adjoining Properties in Hollywood Hills

Rumors have it that pop princess; Katy Perry is reportedly under contract to buy two adjoining properties in the posh area of Hollywood Hills for an unknown purchase amount.