News

Federal Reserve: Weak house prices causes U.S. family wealth to tumble

The true cost of the 2007 recession has been tallied. According to a report by the Federal Reserve released on Monday, the typical American family lost nearly 40 percent of its wealth from 2007 to 2010, the lowest since the early 1990s.

Stolen Picasso recovered after mansion invasion party

Police have found a Pablo Picasso lithograph that was stolen by teenagers from the northern California mansion of imprisoned former Ukranian Prime Minister Pavlo Lazarenko.

Versace's mansion on market for $125 million

The gorgeous home of the late Italian fashion designer Gianni Versace is on the market for a whopping $125 Million, setting the record for the most expensive residential listing in Miami history.