Earlier this month, we brought you word of a 1995 Ferrari F50 supercar, one of only 349 ever built, biding its time in a Connecticut salvage yard after a ferocious crash destroyed its front end. With pristine examples of the F50 bringing $1.7 million in auction, we were curious just how much the world of auto auctioneering could draw for one that would need a full, expensive rebuilding.
The answer came earlier this week: $446,000, from a buyer in Germany on an iPad, following a wild set of online bids at Copart which drove the price rising by $139,000 in the final four minutes. If Vegas took such bets, I'd lay one that the rebuilding will cost more than the purchase price; rarely has spending so much money been the easiest part of buying a Ferrari.
European Union nations bracing for the looming Donald Trump presidency showed defiance Monday in the face of the president-elect's stinging comments on everything from NATO and German cars to the crumbling ...
The government ethics officer who last week criticized President-elect Donald Trump for his decision not to divest himself of his assets before taking office is now under fire from both Trump’s transition team and the chairman of a committee in the House of Representatives that could stand in the way of his agency’s legislative reauthorization. Without presenting any evidence, Reince Priebus, Trump’s incoming chief of staff, on Sunday accused Walter Shaub, the head of the Office of Government Ethics, of being ethically compromised himself. The anger at Shaub arose primarily from remarks he delivered at the Brookings Institution last week, in which he declared Trump’s plan to hand over management of his company to his sons while retaining ownership a “meaningless” gesture that does nothing to ameliorate the conflicts of interest he will face as president.
LONDON (AP) — The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Most are American, with one European and one Mexican in the mix. Several have pledged to give it all to charity.
The outgoing director of the Central Intelligence Agency, John Brennan, had strong words for President-elect Donald Trump on Sunday, just days after the incoming commander in chief compared the US Intelligence Community to Nazis and repeatedly suggested that the CIA and others were actively working against him. In an interview with Fox News Sunday host Chris Wallace, Brennan suggested that Trump has much to learn about the dangers facing the country, and said he hopes that the next president will focus less on defending himself from slights on social media and more on the threats that the Intelligence Community is working to combat. “What I think Mr. Trump has to understand is that this is more than being about him, and it's about the United States and our national security,” Brennan said.
Consider the math: According to Bankrate.com, the highest yield you can expect from a money market account right now is 1.26%. There's no denying that the stock market can take you on a bumpy ride, so your fears are understandable. Savings earmarked for retirement are particularly well suited for the stock market.
Jan.15 -- Nintendo unveiled full details of its new game console Switch, a hybrid device that lets gamers play both at home and on-the-go. The success of the device is crucial for Nintendo, whose previous console the Wii U was released in 2012 and flopped. Bloomberg's Yuji Nakamura tries out the device.
As the incoming Trump administration over the weekend reaffirmed its commitment to simultaneously repeal and replace the Affordable Care Act, Republican Sen. Rand Paul of Kentucky got an early jump in promoting his vision of a suitable – but relatively threadbare – replacement. During an appearance Sunday on CNN, Paul unveiled the broad outlines of his plan that contains a number of measures favored by House Speaker Paul Ryan (R-WI) and Rep. Tom Price (R-GA), the nominee to become the next secretary of Health and Human Services.
In a departure from the leniency typically given South Korean big businesses, prosecutors on Monday requested the arrest of the de facto head of Samsung Electronics, the country's most valuable company, ...
Jan.16 -- U.S. President-elect Donald Trump used an interview with two European newspapers to offer criticisms of German Chancellor Angela Merkel's refugee policy, while also hitting against NATO and the future of the European Union. Bloomberg's Tony Czuczka reports on the response from Angela Merkel on "Bloomberg Markets."
President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market. Trump was speaking in an interview with German newspaper Bild, which on Sunday released excerpts of his comments translated into German. A BMW spokeswoman said a BMW Group plant in San Luis Potosi would build the BMW 3 Series starting from 2019, with the output intended for the world market.
Thinkstock In 2015, the Internal Revenue Service audited only 0.84% of all individual tax returns. So the odds are generally pretty low that your return will be picked for review. That said, your chances ...
German public broadcaster ZDF reports that trucking companies in Europe may be using electronic equipment to commit large-scale emissions fraud. Tests commissioned by ZDF and freight industry organization ...
India's oil-to-telecoms conglomerate Reliance Industries Ltd beat analysts' estimates to post a 10 percent increase in third-quarter standalone net profit, as high margins from its core business of crude oil refining helped bolster earnings. The "standalone" profit and revenue figures include the company's refining and petrochemicals business and oil and gas exploration in India. Standalone net profit rose to 80.22 billion rupees ($1.18 billion) for the three months to Dec. 31 from 72.96 billion rupees reported a year earlier, Reliance, controlled by India's richest man Mukesh Ambani, said in a statement on Monday.