FAMILY BUSINESS: Warren Buffett said the deal was quickly completed after he met with Marmon Holdings chief executive Frank Ptak and his predecessor John Nichols
US billionaire investor Warren Buffett announced he was buying a 60 percent stake in Marmon Holdings Inc, an industrial group owned by one of the richest families in the US, for US$4.5 billion.

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THE ART OF INVESTING: Ian Peck of the art-finance firm Art Capital Group said he was optimistic and that his firm had seen a spike in loan applications to buy art
The US art market is booming despite turmoil in the financial sector, thanks in part to foreign buyers encouraged by a weak dollar.

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Online auction giant eBay has launched a microlending Web site that lets people invest in entrepreneurs in poor communities around the world and get a return on their money.

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The US housing meltdown and credit crunch, which brought a swift end to an investment bonanza earlier this year, is likely to give Wall Street a stiff hangover next year, market strategists say.

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Care to rub shoulders, virtually speaking, with the likes of supermodel Naomi Campbell or fashion icon Jean-Charles de Castelbajac?

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■ ENERGY

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