Wal-Mart's U.S. CEO defends early Thanksgiving Day opening

NEW YORK (CNNMoney) CNNMoney spoke with Wal-Mart's (WMT, Fortune 500) U.S. CEO Bill Simon. Is shopping the kind of family tradition Wal-Mart wants to perpetuate? Simon: Our job is to try to anticipate what the customer wants... Having families...

22.17 | 0 komentar | Read More

Bitcoin worth $9M buried in garbage dump

A hard drive containing about $9 million in bitcoin is trapped under mounds of trash at a landfill site like this one in the U.K. LONDON (CNNMoney) The device is now buried under a mountain of garbage at a landfill site in Wales. It will be almost...

22.17 | 0 komentar | Read More

Wal-Mart protesters arrested at Black Friday rallies

Demonstrators protesting outside a Walmart in Paramount, Calif. are arrested during a 2012 Black Friday protest. Protesters took to the streets near a number of Walmart locations again this year. NEW YORK (CNNMoney) Ten people were arrested on...

22.17 | 0 komentar | Read More

Disgusted shoppers threaten to boycott Black Friday Thursday

This badge is circulating on Facebook and was shared more than 959,000 times as of mid-day Wednesday. NEW YORK (CNNMoney) Among their biggest targets: Kmart plans to kick Thanksgiving day off, opening stores at 6 a.m. and remaining open for 41...

22.17 | 0 komentar | Read More

Sriracha factory ordered to put a lid on smell after locals pepper city with complaints

NEW YORK (CNNMoney) A judge in Los Angeles County has ordered Sriracha maker Huy Fong Foods to suspend operations at a plant in the city of Irwindale that local residents claim has caused an overpowering odor. Irwindale claimed in a lawsuit that...

22.17 | 0 komentar | Read More

U.K. moves to cool property market

The Bank of England says U.K. house price inflation is accelerating and spreading out from London. LONDON (CNNMoney) House prices have increased by about 7% in a year, and by much more in London, raising concerns that borrowers may have trouble...

22.17 | 0 komentar | Read More

Investors feast on stocks before Thanksgiving

NEW YORK (CNNMoney) The Dow, S&P 500 and Nasdaq were all slightly higher in early trading Wednesday. These indexes have climbed between 23% and 33% so far this year thanks to a slowly recovering economy, solid corporate earnings and bond purchases...

22.16 | 0 komentar | Read More

Additional legal costs for big banks could top $100 billion

JPMorgan Chairman and CEO Jamie Dimon at a meeting at the White House in October with other bank chiefs. S&P estimates major banks could be hit with more than $100 billion in additional legal costs and penalties due to problem mortgages. NEW...

22.16 | 0 komentar | Read More

Sony files patent for a "SmartWig"

Regular wigs are so passé. Sony has just filed a patent for a "SmartWig". LONDON (CNNMoney) The Japanese electronics company has filed a U.S. patent for a "SmartWig," which is will use sensors to detect everything from blood pressure to brain...

22.16 | 0 komentar | Read More

Home prices rise 11%

Home prices posted their first double-digit gain in the third quarter since near the height of the housing bubble. NEW YORK (CNNMoney) The S&P/Case-Shiller home price index registered its first double-digit year-over-year gain since early...

22.17 | 0 komentar | Read More

Switzerland: Best country for top talent

Switzerland tops a new index of countries that produce, attract and retain the best and brightest workers. LONDON (CNNMoney) Switzerland comes out on top, according to the Global Talent Competitiveness Index, launched Tuesday by European business...

22.17 | 0 komentar | Read More

Retail stocks move in quiet pre-turkey trade

NEW YORK (CNNMoney) Tiffany & Co. (TIF) shares soared to an all-time high after the jewelry retailer said sales and earnings surged in the third quarter, driven by strong demand in China. Shares of struggling retailer J.C. Penney (JCP, Fortune...

22.17 | 0 komentar | Read More

Wal-Mart names new CEO

Doug McMillon will take the helm as Wal-Mart CEO in February. NEW YORK (CNNMoney) The company said Monday that Wal-Mart (WMT, Fortune 500) veteran Doug McMillon would become its new president and chief executive on Feb. 1, 2014. McMillon,...

22.17 | 0 komentar | Read More

Nasdaq tops 4,000 for 1st time in 13 years

NEW YORK (CNNMoney) The tech-heavy Nasdaq is still well below its peak of above 5,000, which was set in March 2000. But investors continued to buy stocks Monday thanks to enthusiasm about a landmark deal reached between Iran and the United States,...

22.17 | 0 komentar | Read More

Chrysler IPO is delayed

Chrysler is delaying its IPO plans. NEW YORK (CNNMoney) The company said its underwriters have determined it is not practical to meet the original plans for an initial public offering by the end of this year. The shares set to be sold belong...

22.17 | 0 komentar | Read More

Foxconn to build plant in Pennsylvania

A Foxconn factory in China. The contract manufacturer for Apple and other leading U.S. tech companies announced plans to build a plant in Pennsylvania. NEW YORK (CNNMoney) The company, which a year ago said it was looking at expanding its U.S....

22.16 | 0 komentar | Read More

Cable stocks surge on takeover chatter

Click the chart to track shares of Time Warner Cable. NEW YORK (CNNMoney) Charter Communications (CHTR, Fortune 500), the fourth largest cable provider with just over 4 million subscribers, has reportedly been in talks with major banks to borrow...

22.16 | 0 komentar | Read More

Credit Suisse banker sentenced to 30 months in prison

NEW YORK (CNNMoney) Serageldin, who had been extradited from the UK in April, had pled guilty to the charges. At the time of his February 2012 indictment, authorities said he faced up to 45 years in prison if convicted. Preet Bharara, the U.S. Attorney...

22.16 | 0 komentar | Read More

Marissa Mayer hasn't saved Yahoo yet

Shares of Yahoo are up 83% so far this year, but Marissa Mayer has yet to turn the company around. NEW YORK (CNNMoney) But underneath that fresh coat of paint is a core structure that is still rotting. Mayer's tenure has done little to improve...

22.17 | 0 komentar | Read More

Stocks wobble at all-time highs

NEW YORK (CNNMoney) The Dow Jones Industrial Average was little changed in early trading. The Dow closed above 16,000 for the first time ever on Thursday. The S&P 500 and the Nasdaq were also flat. Since January, the Dow has climbed by 22%,...

22.17 | 0 komentar | Read More

In-flight phone calls will cost you

If the FCC does away with its ban on in-flight phone calls, U.S. telecom companies could rake in billions. Get ready to pay extra for it, though. NEW YORK (CNNMoney) Keeping customers connected to mobile networks in-flight would be a major opportunity...

22.17 | 0 komentar | Read More

The shared genius of Elon Musk and Steve Jobs

(Fortune) When future historians report human progress during the 21st century, they may conclude that one of the key moments took place a year ago in Elon Musk's bedroom. His eureka! moments happen every few months. Sometimes during his morning shower,...

22.16 | 0 komentar | Read More

A three-point plan to fix health care in the U.S.

Aetna chairman, CEO, and president Mark Bertolini (Fortune) Bertolini has a seat on the frontlines of the debate. Aetna insures about 44 million Americans. But he isn't just a technocrat. He's also had more than his share of firsthand experiences...

22.16 | 0 komentar | Read More

French woes hurt Europe's tepid recovery

LONDON (CNNMoney) Data out Thursday also revealed the country is acting as a brake on the region's already frail recovery. This month's preliminary reading of sentiment among purchasing managers revealed a sharper slowdown in France than economists...

22.16 | 0 komentar | Read More

Big money dumps Boeing, buys Facebook

Click the chart for more data on Boeing's stock. NEW YORK (CNNMoney) The top 50 hedge funds yanked nearly $1.3 billion out of Boeing (BA, Fortune 500) during the third quarter, according to data from research firm FactSet. It's a curious...

22.16 | 0 komentar | Read More

Bigger than Libor? Forex probe hangs over banks

A global investigation into forex trading abuses is the latest legal headache for the banking industry. LONDON (CNNMoney) Regulators in the U.S., Europe and Asia are in the early stages of investigating whether traders at the world's top banks...

22.16 | 0 komentar | Read More

Investors wait on Fed. What else is new?

NEW YORK (CNNMoney) The Dow, S&P 500 and the Nasdaq were all flat in early morning trading. The market is waiting for the release of the minutes from the Federal Reserve's most recent policy meeting later in the day. Investors are looking...

22.16 | 0 komentar | Read More