Last time we checked out the Watergate hotel back in 2007 the hotel was holding a liquidation sale in advance of a major renovation. Now the Washington Post reports that the infamous Washington D.C. hotel could be the latest hotel to head for foreclo...

This year not too many people are looking for pay raises but the Queen of England may need to ask for a bit of a financial boost. The Queen of England could need an additional £4 million a year to make repairs on Buckingham Palace, Windsor Cast...

It seems that turmoil has hit most of the major fashion houses recently. A recession isn't pretty. The Financial Times is reporting that Prada has asked banks to ease terms on debt. The Italian fashion house is hoping to renegotiate some of its d...

Back in April we reported that despite the economic crisis Russian oligarch Roman Abramovich planned to complete work on the 557-ft. Eclipse, the world's largest and most expensive privately owned yacht. Now the ocean-going behemoth has been laun...

The King of Morocco plans to open a new ultra-luxurious hotel, Le Royal Mansour Marrakech, in November. HM King Mohammed VI has spared no expense to create a new icon of Moroccan elegance and establish the locale as one if the world's premier lux...