Goverment workers are routinely abusing the rules of first and business-class when they buy their plane tickets, according to a congressional report out this morning. Amy Scott reports these findings aren't terribly new.
For many residents of Soweto on the outskirts of Johannesburg, the work place is in the city. And thanks to the Soweto Business Express, the commute is plush with middle-class comforts new to local train culture. Gretchen Wilson has the story.
Fashion designer Valentino, whose brand was bought earlier this ear by a private equity firm, is presenting his last ready-to-wear show in Paris. Jill Barshay reports that the namesake has come to succeed the person.
American private equity firm JC Flowers has raised £15 billion to buy British mortgage lender Northern Rock, which recently borrowed several billion dollars from the Bank of England to get out of trouble. Stephen Beard reports.