An investor has forked out $147m (€106m) to become the owner of the most expensive property in the US.

Bankrupt developer Seán Dunne “cannot currently conceive” of any circumstances where he would return to Ireland and instead hopes to work in the US “into his 70s”, he told the High Court.

1. Get over the dodgy spelling and this is — as it says itself — a freshly-baked, treat-filled blog dabbling in all things homemade.

Lawyers for Sean Dunne have told the High Court they intend to bring an application aimed at overturning the decision to declare him bankrupt.

Nama has filed an objection to the discharge of Sean Dunne’s debts, claiming the developer made numerous false statements in both his filings to a US bankruptcy court and at a creditors’ meeting held last month.

Lawyers for Sean Dunne and his wife, Gayle Killilea-Dunne, failed in their bid yesterday to prevent Nama’s legal team from adding an expert attorney on fraudulent transfers during a hearing at Stamford Superior Court.

Facebook, the social-networking website that began eight years ago in a university dorm, last night filed to raise $5bn (€3.8bn) in an initial public offering.

Having loans in NAMA is no reason for some Irish developers to stop building, especially on foreign shores, writes John Hearne

US stocks extended their losing streak to four days tonight after a mixed batch of readings on consumers further muddled investors' sense of the economy.

Actor Mel Gibson has sold his 75-acre estate in Greenwich, Connecticut, for $24m (€29.17m).

Matt Damon can sleep standing up.

Stocks fell for a third day today after disappointing reports on manufacturing and home sales further dampened enthusiasm about the state of the economy.

Wall Street saw a merciful end to a dreadful year today as stocks closed the last session of 2008 with a sizeable advance.

Wall Street sank today, after weak readings on economic growth and the job market touched off renewed concerns about the financial health of businesses and consumers.

THE ex-wife of French President Nicolas Sarkozy has wed a public relations executive in a chic ceremony that the French media poked fun at yesterday.

A US federal judge has today delayed ruling on whether to throw out a lawsuit filed against the founder of Facebook.com.

A US federal judge has delayed ruling on whether to throw out a lawsuit filed against the founder of Facebook.com, saying he needed more information about allegations that Mark Zuckerberg stole the ideas of the creators of a rival social networking website.

The owners of a rival social networking website are trying to shut down Facebook, claiming the founder stole their ideas while they were students at Harvard.

BP chiefs have said they might be able to keep one side of America’s largest oil field open, just days after announcing it was closing the entire field because of leaks and severe corrosion.

Stocks soared today on news that Federal Reserve policymakers believed their run of interest rate hikes is probably nearing an end, propelling the Dow Jones industrials up nearly 200 points.

Investigators hope to recover the fuselage of a sunken seaplane to find why it broke apart and plunged into the ocean just off Miami Beach, killing all 20 people on board including three infants.

A propeller-driven seaplane carrying 20 people crashed just off Miami Beach within sight of the city’s high-rises, killing at least 19 of those aboard, authorities said.

A watch that Marilyn Monroe reportedly gave to President John F Kennedy as a birthday present has fetched $120,000 at auction.

Wall Street put aside its concerns about rising oil prices today, giving stocks a late rally as investors focused on generally positive economic news.

US lawyers are investigating the disappearance of a man from his Mediterranean honeymoon cruise.

Wall Street regained its composure today, marching higher after companies including Merrill Lynch & Co. and International Business Machines Corp. beat earnings expectations.

Stocks drifted to a mixed finish in the United States today as Wall Street worried about the impact of high oil prices on the nation’s trade deficit and Intel Corp’s bullish sales forecast prompted some profit-taking.

Mel Gibson has failed in his bid to have a chunk of his land in Greenwich, Connecticut, classified as a farm in an effort to earn a tax break.

Stocks slumped today as oil prices inched back up from earlier lows and an investigation of the insurance industry pressured managed care stocks, trumping better-than-expected earnings from IBM and Texas Instruments.

With the much-ballyhooed initial public offering of Google Inc. behind them and oil chugging to a new record high, investors took a step back today, sending stocks lower.

Movie veterans Paul Newman and Roberd Redford are set to team up again 35 years after coming together for Butch Cassidy & the Sundance Kid.

Diana Ross, who served her sentence for an Arizona drink-driving conviction in Greenwich, Connecticut, will not have to return to Tucson to spend more time in jail.

Singer Diana Ross, ordered to return to Arizona to serve a drink-driving sentence, claims she has already met a state requirement to spend 24 consecutive hours in jail.

Singer Diana Ross has served her drink-drive jail sentence in upmarket Greenwich, Connecticut, where she lives, it was reported today.

SENTENCING proceedings began yesterday for Kennedy family relative Michael Skakel, who faces a possible life in prison for the 1975 murder of his teenaged neighbour Martha Moxley.

Four tickets from different states across the US have won the $295m Powerball jackpot.

All roads led to Connecticut from New York as lottery mania gripped the Big Apple a day before a £125m draw.

All roads led to Connecticut from New York as lottery mania gripped the Big Apple a day before a £125m draw.