Sharp-suited London jewel robbers grab $65M

Two men are being sought for questioning in the brazen daylight robbery of a jewelry store last week, in which some $65 million in merchandise was stolen, authorities said Tuesday. Detectives released surveillance camera photos of the two, in addition to images of some of the rings, bracelets, necklaces and watches taken from Graff Jewellers on central London’s New Bond Street. A total of 43 items were taken, with a value of about £40 million, or about $65 million, Scotland Yard said

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Wal-Mart vs. Target: During the Recession, It’s No Contest

When times are tough and consumers are “trading down” to buy more inexpensive goods, you’d think that a discount retailer like Target would flourish. After all, it’s the place you go for quality clothes at affordable prices — cheap-chic designer Isaac Mizrahi offers a line — low-cost home accessories, and perhaps a grocery item or two

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Robbers caught on camera by CNN crew

A motorcycle gang carried out a bold smash-and-grab raid on a jewelry store in the center of London — right in front of a CNN camera. CNN reporter Sasha Herriman and cameraman Peter Kavanagh were filming in Oxford Street, London’s busiest retail area, when the raiders took a sledgehammer to the store’s windows in broad daylight. Kavanagh kept the camera rolling as the thieves helped themselves to handfuls of luxury watches before roaring off on their motorcycles, leaving a crowd of stunned shoppers in their wake

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