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Buffett sizes up rags-to-riches China tailor

Dayang Trands, a little-known Chinese company that began making clothing for peasants and now makes suits and separates for a slew of Western brands, is getting a lot of attention from one famous client.

CNNMoney: Hershey in joint talks for Cadbury bid

Chocolate makers Hershey Co. and Ferrero SpA are considering a joint bid for Cadbury that could help the British confectioner fend off a hostile takeover by Kraft Foods Inc.

Microsoft co-founder Paul Allen diagnosed with cancer

Microsoft co-founder Paul Allen has been diagnosed with non-Hodgkin's lymphoma, more than 25 years after he was treated for Hodgkin's disease, a spokesman at his company Vulcan Inc. told CNN on Monday.

China trails only U.S. in billionaires

China ranks second only to the United States in the number of billionaires, according to an annual report of the 1,000 richest people in the country.

Yves Saint Laurent tops list of highest-earning dead celebs

Forbes magazine's ninth annual list of top-earning dead celebrities was unveiled Wednesday, and surprise, surprise: Neither Michael Jackson nor Elvis Presley held court at the top.

Madoff investor who drowned in swimming pool had a heart attack

A major investor in convicted swindler Bernie Madoff's Ponzi scheme drowned in his swimming pool in Florida after a heart attack, his attorney said Monday. The medical examiner's office confirmed the report.

CNNMoney: Bertelsmann mogul dies at age 88

Reinhard Mohn, who turned his family's religious publishing company into Bertelsmann AG, one of the world's largest media conglomerates, died Saturday, the firm announced Sunday.

CNNMoney: Super rich are $300 billion lighter

The recession has taken its toll on the nation's super rich, whose collective net worth fell for only the fifth time in 28 years, according to a survey released Wednesday.

Congresswoman's husband dies in Tibet, spokesman says

Clifton Maloney -- the 71-year-old husband of U.S. Rep. Carolyn Maloney, D-New York -- died apparently from natural causes in Tibet during a mountain-climbing trip, a spokesman for the congresswoman told CNN Saturday.

Gelila Assefa Puck: Fashion with African inspiration

The Ethiopian born designer has an eye for style. She launched a line of high-end handbags in 2006 and a year later married celebrated chef Wolfgang Puck. Together the couple live in LA and have made Forbes magazine's list of "Married celebrity entrepreneurs". While loving the California lifestyle, she still has strong connections to Ethiopia, putting much of her energy into her charity work there.

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