WEALTH

AUTOS

Mercedes-Benz S-class Cabriolet Leaked—By Benz Itself

– Given that the forthcoming S-class cabriolet will threaten to cannibalize exactly nothing in the Mercedes lineup, Benz is taking some unusual liberties with the car. The most obvious so far is “leaking” a detailed sketch that shows both the interior and the exterior styling. – Due on sale here next year, the S-class cabriolet will be the first S convertible since 1971, and it will be available with all the usual S-class

Cars and Caviar: We Hit the Quail, A Motorsports Gathering [Gallery]

– The annual car show at the Quail—which takes place at the eponymous golf resort in Carmel, California, on the Friday of Pebble Beach week—bills itself, somewhat humbly, as “a motorsports gathering.” In truth, the Quail is more like a lifestyle gathering for those with CEO-level bank accounts and the many marketeers who would like to meet them. As such, the cars threaten to be subsumed by a wash of

Dude, Where’s My LaFerrari? The Parking Lot at The Quail Is an Amazing Show Unto Itself

– Like most premier vintage-car shows, The Quail: A Motorsports Gathering during the annual Monterey Car Week is an arrangement of precious cars on luscious lawns, museum cars sans museum. It’s also $600 per head to attend. But anyone who’s ever been to The Quail also knows that the show doesn’t wait to start until you walk through the gates—no, the spectacle begins as soon as you drive into the

REAL ESTATE

Nixon's 'Western White House' for Sale for $75 Million

Filed under: Celebrity Homes, House of the Day ZillowKnown as the “Western White House” during Nixon’s presidency, the home in San Clemente is privately owned. By Melissa Allison The oceanside estate in California where Richard Nixon hosted 17 heads of state and retired to write his memoirs is on the market for $75 million. Nixon bought the San Clemente home in 1969 and dubbed it “La Casa Pacifica.” It was

Canadian pension fund manager invests in Malaysian real estate

Canada Pension Plan Investment Board, the largest pension fund manager in Canada and one of its most active dealmakers, said on Tuesday it has invested C$170 million ($130 million) in a Malaysian real estate joint venture, marking its first direct real estate investment in Southeast Asia. Toronto-based CPPIB said along with the Pavilion Group it has formed a venture to invest in Pavilion Damansara Heights, a mixed-use development project in

Trump says he would 'police' U.S.-Iran deal, not rip it up

(Reuters) – Republican presidential candidate Donald Trump said it would be hard to “rip up” the United States-led agreement with Iran on its nuclear program, but that if he was elected president he would “police that contract so tough they don’t have a chance.” In an interview on NBC’s “Meet the Press” on Sunday, the real estate mogul described the team that negotiated the agreement, including Secretary of State John

Quebec pension fund says must raise 'game' to maintain returns

By Allison Lampert MONTREAL (Reuters) – Caisse de depot et placement du Quebec, Canada’s second-largest pension fund manager, said it will have to raise its “game” if it is to continue to deliver yields like the weighted average return of 5.9 percent it reported Friday for the first half of 2015. The Caisse, which manages public pension plans in the predominantly French-speaking province of Quebec, has said it is counting

Canadian existing home sales post second monthly drop: CREA

TORONTO (Reuters) – Sales of existing homes in Canada fell in July from June, the second consecutive monthly decline, as strength in the two big markets of Vancouver and Toronto could not offset weakness elsewhere, the Canadian Real Estate Association said on Friday. The industry group for Canadian real estate agents said sales activity was down 0.4 percent last month from June. Actual sales for July, not seasonally adjusted, rose

LUXURY

Lancôme pairs with Gilt for Parisian fashion exploration

Lancôme promotional image for Gilt Beauty brand Lancôme has partnered with online shopping site Gilt to present “fashionable French living” on the latter brand’s Web site. Lancôme shared its collaboration with Gilt through an email blast sent to consumers with the subject line, “Gilt x Lancôme: Your Instant Ticket to Paris.” The email shows a woman sitting at a cafe table while text explains that Lancôme Elite Rewards members receive an

Internet retail key to reaching next generations of luxury consumers: report

Photo courtesy of Bloomingdale’s Those with the highest spending power in the United States overwhelmingly prefer online shopping, with 72 percent buying via ecommerce in the last three months, according to new research by Unity Marketing. While online retail still only accounts for a fraction of the sales seen in bricks-and-mortar outlets, it has seen a steeper steady growth over the past 10 years, with a 113 percent increase to

Fortnum & Mason goes “cross-channel” via Instagram takeover

Fortnum & Mason Instagram takeover image British department store Fortnum & Mason headed to the continent with a blogger partnership shared via photo-sharing mobile application Instagram. For its #FortnumsTakeover, Fortnum & Mason worked with Parisian blogger PatriciaParisienne, who took over the retailer’s Instagram account on July 23 as she traveled from London to Paris. Brands often give over control of their social media accounts to allow for their story to be

Donna Karan goes into the haze for Cashmere Mist TV spot

Donna Karan’s Cashmere Mist U.S. fashion label Donna Karan is showing that the show must go on without its namesake founder in a new advertising campaign. Ms. Karan announced that she will be stepping down as chief designer at her LVMH-owned brand in July, with the Donna Karan Collection being suspended for the time being. With Ms. Karan’s departure to concentrate on her lifestyle brand, Urban Zen, the Donna Karan

Gucci continues “revolution” with Dover Street Market shops

Gucci fall/winter 2015 campaign Italy’s Gucci is the latest brand to collaborate with retailer Dover Street Market as a way to explore the brand’s new creative direction and identity. The collaboration between Gucci and Dover Street Market will begin on July 25 with the opening of the fashion label’s dedicated shop-in-shop in Ginza, Tokyo. After the opening, Gucci will open shop-in-shops at Dover Street Market’s locations in London, New York