Time Warner Inc. said Monday it will pay $241.5 million for a 31 percent stake in Central European Media Enterprises Ltd., the Bermuda-based broadcast company founded by cosmetics billionaire Ronald Lauder. The company also said its Warner Bros. unit has formed a ...

A stunning portrait of a Viennese aristocrat which was looted by the Nazis and only returned to its rightful owner this year has been bought for what is thought to be the highest sum paid for a painting. Gustav Klimt's gold-encrusted Adele Bloch-Bauer I was sold to the New York museum owned by the billionaire cosmetics heir Ronald Lauder ...

New York 'O ligarchs brace for a downturn, ' screams a New York business headline, a fact that sends me rushing to buy hankies, now selling at a premium at every corner store. Bloomberg News calculates that the richest 25 Russians on the Forbes list have lost a collective $230 billion since last March. Which means that these 25 have lost ...

Term limits were a terrific idea. They still are. If you have any doubt about mandating the removal of elected officials after a set period of time, then fix your gaze northward, toward Albany. Most members of the State Assembly and Senate have been wandering around the Capitol for decades, achieving little beyond building up a nice taxpayer-supported pension. Term ...