Burkle adds upscale holding: Barneys New York

Los Angeles supermarket magnate Ron Burkle went upscale with the latest addition to his portfolio: fashion retailer Barneys New York.

Buying alcohol online? It's not hard for underage drinkers

Underage drinkers who participated in a study to see if they could buy alcoholic beverages online were successful in 45% of attempts.

Freddie Mac, Fannie Mae borrowers could see principal reduction

Thanks to a key policy change, troubled borrowers with loans that are owned or backed by Fannie Mae and Freddie Mac may be allowed to participate in a state program that slashes the size of those home loans through principal reduction, according to a statement by their regulator. 

Big Oil reigns atop Fortune 500

With energy prices high, Big Oil rules atop the Fortune 500, helping to put Texas just a hair behind California as home to the highest-revenue corporations -- 52 firms, compared with the Golden State's 53.

Frederick's of Hollywood selling bras -- and maybe the company

Frederick's of Hollywood soon may be selling more than bras and thongs. For the right price, you can probably buy the whole company.

Money Minute: A cable channel with a Latino accent [Video]

Media companies try to go where the audience is, and that's what Disney's ABC News division and Univision are doing with a deal to create an English-language cable channel for U.S. Latinos.

Boxer wants rental car companies to park vehicles facing recall

WASHINGTON -- Sen. Barbara Boxer wants major rental car companies to pledge not to rent out vehicles facing safety recalls until they are repaired.

White House price tag: $110 million (history not included)

In the purely theoretical universe where 1600 Pennsylvania Ave. would be up for sale, the listing price for the property would be about $110 million. But it would  fetch up to only $80 million – or $1,455 per square foot, according a new estimate.

Groupon 'to reinvent' local shopping: CEO letter to shareholders

Groupon Inc.is more than “a glorified mailing list,” wrote Chief Executive Andrew D. Mason in a glowing, ambitious letter to shareholders on Monday. What’s currently known as a daily deals company is going to “profoundly change the way we shop locally,” he wrote.

Madoff's family, daughters-in-law sued for $255.3 million

The trustee representing victims of Bernard Madoff’s Ponzi scheme is now seeking $255.3 million from the investment advisor’s family.

Talbots gets a sweetened $211 million buyout offer from Sycamore

Struggling women’s clothing retailer TheTalbots Inc.is considering an improved takeover offer worth nearly $211 million from New York private equity firm Sycamore Partners.