WEALTH

AUTOS

Follow Along as Drivers Retrace Edsel Ford’s 1915 Cross-Country Trip in a Model T [Updated Day 15 – Santa Fe, New Mexico, to Albuquerque, New Mexico!]

“Live, travel, adventure, bless, and don’t be sorry.”-— Jack Kerouac, On The Road – While the automobile may have spent the better part of the last century as an avatar for hope and a better tomorrow, it’s the road trip that serves as the catalyst for adventure and freedom. Back in 1915, nobody knew this better than a then 21-year-old Edsel Ford, who, along with a group of like-minded young men,

Follow Along as Drivers Retrace Edsel Ford’s 1915 Cross-Country Trip in a Model T [Updated Day 15 – Santa Fe, New Mexico, to Albuquerque, New Mexico!]

“Live, travel, adventure, bless, and don’t be sorry.”-— Jack Kerouac, On The Road – While the automobile may have spent the better part of the last century as an avatar for hope and a better tomorrow, it’s the road trip that serves as the catalyst for adventure and freedom. Back in 1915, nobody knew this better than a then 21-year-old Edsel Ford, who, along with a group of like-minded young men,

Dark Intentions: 2016 Chevrolet Colorado Midnight Edition Revealed

– General Motors has discovered that there is plenty of business to drum up after midnight. Not literally, of course, but the automaker has announced that the “Midnight Edition” darkened trim packages for the Chevy Impala and the Cadillac CTS and ATS now will be joined by one for the 2016 Chevrolet Colorado. This in addition to thematically similar versions of the Chevrolet Silverado (“Black Out“), GMC Sierra (“Elevation“), and GMC Canyon (“Nightfall“). – – – As with every other Midnight Edition—Chevrolet, Cadillac, or otherwise—the Colorado comes

Dark Intentions: 2016 Chevrolet Colorado Midnight Edition Revealed

– General Motors has discovered that there is plenty of business to drum up after midnight. Not literally, of course, but the automaker has announced that the “Midnight Edition” darkened trim packages for the Chevy Impala and the Cadillac CTS and ATS now will be joined by one for the 2016 Chevrolet Colorado. This in addition to thematically similar versions of the Chevrolet Silverado (“Black Out“), GMC Sierra (“Elevation“), and GMC Canyon (“Nightfall“). – – – As with every other Midnight Edition—Chevrolet, Cadillac, or otherwise—the Colorado comes

REAL ESTATE

Russian tycoon in custody after deportation from Cambodia

A Russian tycoon accused of embezzling tens of millions of dollars in a real estate scam was taken into custody in Moscow Sunday after being deported from Cambodia, officials said. Sergei Polonsky, who is in his 40s, was detained on an island off the southwestern town of Sihanoukville in Cambodia on Friday for overstaying his visa. Upon his arrival at Domodedovo airport in Moscow, Polonsky was immediately taken into custody.

Toyota City: symbol of Japan's auto rise

– More than just cars – While the Corolla and Prius hybrid maker now has plants in every corner of the globe, Toyota City still has a total of 10 factories building cars and parts in the city proper and surrounding area. There are about 70,000 local people working for Toyota in the area, many whose parents or grandparents also relied on the giant company for a pay cheque, with

Trendy Houston area home on sale for a dollar and a few words

By Amanada Orr HOUSTON (Reuters) – A home in a popular Houston neighborhood valued at nearly $400,000 has been put on the block for the sale price of $1 and one compelling essay. Husband and wife Michael and Stephanie Wachs are moving to a home closer to their daughter’s preschool and want the owners of their old home to move in without being burdened by a mortgage. They are asking

Unibail sells German mall operator stake to Canada's CPPIB

French real estate group Unibail-Rodamco said it signed an agreement to sell a 46.1 percent stake in German shopping center operator mfi AG to the Canada Pension Plan Investment Board (CPPIB) for 394 million euros ($450 million). The move extends an existing German joint venture between Unibail and CPPIB created when Unibail took a stake in the CentrO shopping center in Oberhausen a year ago.

Canadian existing home sales rose in April: CREA

TORONTO (Reuters) – Sales of existing homes in Canada rose in April from March as low mortgage rates and a spring surge in listings pulled home buyers off the sidelines, the Canadian Real Estate Association said on Friday The industry group for Canadian real estate agents said sales activity was up 2.3 percent last month from March. Actual sales for April, not seasonally adjusted, surged 10 percent from April 2014.

LUXURY

The Ritz-Carlton expands Asian offerings with new Macau location

The Ritz-Carlton’s new location in Macau, China Hotel chain The Ritz-Carlton is expanding its locations in the South Pacific by opening a new property in the Special Administrative Region of Macau. The Ritz-Carlton, Macau is located inside Galaxy Macau, Phase II, a premium lifestyle resort with shopping, dining and entertainment offerings. Macau is a popular tourist destination in China with 29 million visitors in the last year, and by choosing

Swarovski auctions art objects to support charitable foundation

Hood by Air’s crystal-embellished construction drum Precision-cut crystal maker Swarovski is auctioning off a selection of art objects designed by the nominees for the Swarovski Award for Emerging Talent from the Council of Fashion Designers of America. Proceeds from the online auction will benefit Free Arts NYC, a charity that offers art education and mentoring to children of all ages in New York, benefitting those in need and fostering appreciation

Swarovski auctions art objects to support charitable foundation

Hood by Air’s crystal-embellished construction drum Precision-cut crystal maker Swarovski is auctioning off a selection of art objects designed by the nominees for the Swarovski Award for Emerging Talent from the Council of Fashion Designers of America. Proceeds from the online auction will benefit Free Arts NYC, a charity that offers art education and mentoring to children of all ages in New York, benefitting those in need and fostering appreciation

Louis Vuitton continues to raise brand value despite industry challenges: report

Karl Lagerfeld’s collection for Louis Vuitton Of the top 10 luxury brands analysed by Millward Brown and WPP for the “BrandZ Top 10 Luxury Brands” ranking, only Chanel and Louis Vuitton showed growth from the year-ago period. The value of luxury brands as a whole has declined by $7 billion since the 2014 survey as maintaining exclusivity in a changing marketplace has presented the industry with challenges. Beyond struggling to

Louis Vuitton continues to raise brand value despite industry challenges: report

Karl Lagerfeld’s collection for Louis Vuitton Of the top 10 luxury brands analysed by Millward Brown and WPP for the “BrandZ Top 10 Luxury Brands” ranking, only Chanel and Louis Vuitton showed growth from the year-ago period. The value of luxury brands as a whole has declined by $7 billion since the 2014 survey as maintaining exclusivity in a changing marketplace has presented the industry with challenges. Beyond struggling to