Richards cuts asking price for mansion

Actress Denise Richards has become the latest victim of the global economic crisis - she has been forced to slash $400,000 (€297,000) off the asking price of her California mansion.

The former Bond girl's Hidden Hills home has been on the market for almost a year after it was first advertised at $4.25m (€3.15m).

Richards dropped the asking price to $3,999,999 (€2,969,754) and has now cut it by a further $200,000 (€148,000) to $3.8m (€2.82m) in a bid to attract potential buyers, according to RadarOnline.com.