Top smartphones may soon cost more than $200

Most high-end smartphones cost just $200 after discounts, but that practice may end soon. NEW YORK (CNNMoney) It's no secret that wireless companies are trying to do away with subsidies. Typically, customers pay a discounted price up front for...

22.16 | 0 komentar | Read More

8 to be charged in $45 million cybertheft bank heist

NEW YORK (CNNMoney) The charges are due to be announced in Brooklyn by U.S. Attorney Loretta Lynch of the Eastern District of New York. A spokesman for her office said the charges are against eight individuals who were part of the New York cell...

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Stocks: Shorts get squeezed

Click the chart for more stock market data. NEW YORK (CNNMoney) Tesla (TSLA) rallied after the electric car maker delivered its first ever profit and topped sales estimates. Green Mountain Coffee Roasters (GMCR) shares jumped after the company...

22.16 | 0 komentar | Read More

Stocks retreat from record

Click chart for more market data. NEW YORK (CNNMoney) The Dow Jones industrial average edged down 0.1%, but remained above 15,000. The S&P 500 slid 0.1%, while the Nasdaq was flat. The pullback comes one day after the Dow closed above...

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Ferguson exit knocks Man Utd shares

Shares in Manchester United have surged by nearly 35% since the club listed in New York in August 2012. LONDON (CNNMoney) Sir Alex Ferguson, who has led Manchester United (MANU) to victory in the English Premier League 13 times since its inception...

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Jack Welch tweets Dimon is a 'great leader'

Jack Welch, who is followed by more than 1.4 million people on Twitter, has been under fire for weighing in on controversial situations before. NEW YORK (CNNMoney) The former CEO of General Electric (GE, Fortune 500)weighed in on the brewing controversy...

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Online retailers call Internet sales tax a 'nightmare'

Small online retailers, like Kevin Hickey, worry about the costs of complying with an Internet sales tax. NEW YORK (CNNMoney) Online retailers would have to start collecting sales tax upfront. They'd also be forced to send payments to local governments...

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Pagers cost hospitals billions

NEW YORK (CNNMoney) Physicians and nurses working in hospitals waste an average of 46 minutes a day when they use beepers to exchange information about patients, rather than modern alternatives like texting on smartphones, according to a new study...

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Sentiment shift: Home prices to rise

The majority of Americans once again believe home prices are going up. NEW YORK (CNNMoney) A monthly survey by mortgage finance firm Fannie Mae found 51% of those questioned in April believe prices will rise in the next 12 months, while only 35%...

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Pfizer to start selling Viagra online

Pfizer is now selling Viagra directly to consumers online. NEW YORK (CNNMoney) The company said that online pharmacies have proliferated in recent years to meet consumer demand for all manner of medication, but that most of these sites are not...

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BMC Software sold for $6.9 billion

BMC Software has had a bumpy year as an activist shareholder has tried to take the company private. NEW YORK (CNNMoney) The struggling IT services and cloud computing company is being acquired by a consortium of private equity groups, including...

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Stocks: Will momentum stick?

Click the chart for more stock market data. NEW YORK (CNNMoney) Stocks were little changed Monday, amid a lack of any market moving news. The Dow Jones industrial average was flat, while the S&P 500 and Nasdaq edged slightly higher. As...

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How construction can lose jobs in middle of home building rebound

Cuts in government spending on construction projects led to the drop in April's construction employment. NEW YORK (CNNMoney) The sector lost about 6,000 jobs overall, according to the Labor Department's jobs report. This was largely due to a decline...

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Buffett's Berkshire blows past estimates

NEW YORK (CNNMoney) Buffett's Berkshire Hathaway (BRKA, Fortune 500) handily beat analyst estimates with its first-quarter earnings on Friday, booking strong gains in its investments and insurance business. Excluding certain investment gains, Berkshire...

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My First Rifle: The business of selling guns for kids

Chipmunk, a subsidiary of Keystone, sells guns designed for children, along with its sibling subsidiary, Crickett. NEW YORK (CNNMoney) The gun used in the recent shooting in Kentucky was a Crickett .22-caliber rifle, marketed with the slogan "My...

22.16 | 1 komentar | Read More

How construction can lose jobs in middle of home building rebound

Cuts in government spending on construction projects led to the drop in April's construction employment. NEW YORK (CNNMoney) The sector lost about 6,000 jobs overall, according to the Labor Department's jobs report. This was largely due to a decline...

22.16 | 0 komentar | Read More

My First Rifle: The business of selling guns for kids

Chipmunk, a subsidiary of Keystone, sells guns designed for children, along with its sibling subsidiary, Crickett. NEW YORK (CNNMoney) The gun used in the recent shooting in Kentucky was a Crickett .22-caliber rifle, marketed with the slogan "My...

22.16 | 0 komentar | Read More

Buffett's Berkshire blows past estimates

NEW YORK (CNNMoney) Buffett's Berkshire Hathaway (BRKA, Fortune 500) handily beat analyst estimates with its first-quarter earnings on Friday, booking strong gains in its investments and insurance business. Excluding certain investment gains, Berkshire...

22.16 | 0 komentar | Read More

Staples starts selling 3-D printers

3D Systems "The Cube" can print 3-D plastic objects, and it is now available at Staples. NEW YORK (CNNMoney) Staples (SPLS, Fortune 500) says it is the first major U.S. retailer to sell a 3-D printer. It began selling The Cube, made by 3D Systems...

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RBS looks to escape state control

The U.K. government currently owns just over 80% of the Edinburgh-based Royal Bank of Scotland. LONDON (CNNMoney) Five years after the British state was forced to rescue Edinburgh-based RBS during the financial crisis, the bank believes its house-cleaning...

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Fortune Brainstorm Podcast: Procter & Gamble CEO Bob McDonald

NEW YORK (Fortune) Fortune wants to make it even easier for you to eavesdrop. The Fortune Brainstorm podcast is a weekly show that features recorded conversations from Fortune's live events. Brainstorm Green 2013 wrapped up on Wednesday, so we...

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France blocks Yahoo bid for video site

Marissa Mayer's Yahoo is being given the cold shoulder as it tries to take control of the popular French website, Dailymotion. LONDON (CNNMoney) The veto is the latest in a series of episodes that have undermined France's reputation as a place...

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The Chrysler-Fiat reversal of fortune

(Fortune) The year 2007 resonates in Chrysler history for another reason: It was on May 14 that DaimlerChrysler publicly conceded the failure of its cross-ocean , cross-cultural merger by announcing the sale of 80.1% of the Chrysler Group to Cerberus...

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Stocks bounce back

Click chart for more market data. NEW YORK (CNNMoney) The Dow Jones industrial average rose 0.5%, the S&P 500 gained 0.3%, while the Nasdaq added 0.7%. As stocks bounce back from Wednesday's 1% sell-off, here are five things to know: ...

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Businesses were more hesitant to hire in April

Hiring by private businesses slowed in April, according to ADP's jobs report. NEW YORK (CNNMoney) Private sector employers added only 119,000 jobs in April, the weakest month for hiring since September, according to a report issued Wednesday by...

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Stocks: Investors begin May by selling

NEW YORK (CNNMoney) With worries of another spring swoon on the mind, investors began May by taking a step back. The Dow Jones industrial average fell 0.4% Wednesday morning, while the S&P 500 slipped 0.3% and the Nasdaq declined 0.1%. Fears...

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Pimco's Bill Gross gets bullish. Sorta.

Pimco's Bill Gross says investors should stay in the market, but trim their risk. NEW YORK (CNNMoney) After telling investors for months why they should stay out of the financial markets, Gross, who runs Pimco's Total Return Fund (PTTRX), is changing...

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