LVMH owns luxury brands from Louis Vuitton to Moet champagne and it now plans to sell watches. It will acquire a major piece of Italian jeweler Bulgari for $5.2 billion. Stephen Beard explains.
As pure cotton increasingly becomes a luxury fabric, clothing designers experiment with new blends and substitutes. Interested in a dress made from recycled swimsuits?
Higher fuel and food costs pushed up wholesale prices last month. Steve Chiotakis speaks with analyst Peter Cohan this morning to get more information on these numbers.
Borders Group, the second largest bookseller in the country, has turned the page into Chapter 11 bankruptcy today. The company announced its plans to close almost 200 stores and drastically cut its staff. Eve Troeh reports.
The U.S. Labor Department announced today that the producer price index rose more the 3.5 percent over the past year. Consumers are already feeling the jump in energy prices at the pump, as David Wyss explains.