BUSINESS

Here's how the richest manage their funds.

Nickolay Lamm, 26-year-old toy maker, has created a realistic doll called Lammily, with freckles, acne, scars and tattoos.

With Apple stock surpassing the $115 mark set by analysts before, many have revised their estimates with Morgan Stanley bullish at $150 per share.

Gina Rinehart is the richest person in Australia and would likely remain that way for a long time. One reason behind her wealth, aside from inheriting Hancock Prospecting established by her father, Lang Hancock, is her bucking business trends.

More Australians have joined the ranks of mining magnate Gina Rinehart as ultra-high net worth (UHNW) individuals, or people with net assets of at least $30 million.

The surprise of stimulus on Friday night saw a mass risk-on event for global risk equities.

The People's Bank of China (central bank) has cut the 12-month lending rate by 40 basis points to 5.60% and the 12-month deposit rate by 25bps to 2.75%.

Graco will be recalling a five million baby strollers in the U.S., Canada and Mexico.

Australia could soon be flying aboard the new Airbus carriers of Delta Air Lines.

Virgin Australia and South African Airways have expanded their frequent flyer tie-up programme.

Walmart Canada, despite its rapid expansion plans, is feeling the heat of heavy competition by a slew of rivals.

The popular e-commerce site is now taking part in the Black Friday 2014 madness by offering amazing deals with huge savings for its online shoppers.

Walmart has released its Pre-Black Friday 2014 Sale ad which is eight pages long and is filled with discounts on electronics, kitchen appliances and toys.

The Australian sharemarket has finished the session weaker for a fifth straight day. The All Ords (XAO) slipped 0.2 percent to 5,292, while the S&P/ASX 200 (XJO) fell 0.2 percent to 5,304. Eight out of 10 sectors were lower, led by Utilities, which lost 1.5 percent. The S&P/ASX 200 has fallen 2.7 percent this week on heavy selling in the materials and energy sectors.

Australia and New Zealand will no longer be pursuing the Joint Therapeutic Products Agency.

Australian shares are losing ground for the fifth day and remain only modestly above the 5300pt level. The ASX 200 Index is down by 0.1 per cent at lunch and takes the losses to 2.6 per cent this week. Should nothing change this afternoon this will be the worst week for local shares since June 2013.

The house where the actress lived has a huge legacy and history.

AirAsia will be slashing its number of flights to Australia.

Global markets were mixed as investors focusing on specific economic factors driving sentiment. Equities in the US managed to recover from the FOMC meeting minutes, with investors responding positively to some solid housing data and a sharp bounce in the Philly Fed manufacturing index. The CPI release was also interesting, coming in ahead of estimates; service prices drove the reading despite goods prices actually falling.

In the US, the Philadelphia Fed Business Activity Index lifted from 20.7 to 40.8 in October - its highest reading since 1993. The new orders sub-index was at the highest level in 26 years. US Consumer prices were unchanged in October to be 1.7% higher than a year ago. The tame result was driven by a slide in energy prices (-1.9%) and gasoline prices (-3%) in October. Excluding food and energy prices were up 0.2% to be up 1.8% on a year ago.

Travellers of Air Canada will soon get to experience its new Boeing 787 Dreamliners on the Beijing, Seoul, Shanghai and Tokyo-Narita routes.

Walmart has announced that it will match its rivals’ Black Friday 2014 prices earlier than Black Friday and Thanksgiving Day.

Australian shares extended their losses this afternoon with hefty losses from the miners a major drag. The ASX 200 Index slumped by 1 per cent to 5316.2 and makes it the worst week since early December 2013 for local shares. Equities have fallen for four straight days and are trading at fresh one-month lows.

Prices of a cup of coffee as well as sandwiches in Tim Hortons are set to go up on Nov 26.

New York residents have been warned to brace for more snow this weekend.

Equity trading is getting ugly again; the US has been absent-mindedly meandering higher over the past month yet that lead has not transferred to Asian markets (disregarding the spending machine that is Japan).

Australians could expect a fresh round of juicy details about the country's biggest family feud involving its richest person - Gina Rinehart and her four adult children, two of whom are estranged from the mining tycoon.

In the US, housing starts fell by 2.8% to a 1.009 million annual rate in October. Analysts had tipped a result near 1.025m. But building permits were stronger than expected, up 4.8%. The mortgage market index rose by 5.2% in the latest week. And there were net capital outflows totalling US$55.6m in September.

Target has released its Black Friday 2014 store maps app featuring the various in-store sales for customers.