If not now, when will ECB cut rates?

The ECB will meet in the Slovakian capital Bratislava Thursday, under intense pressure to cut rates for the first time since July 2012 LONDON (CNNMoney) The European Central Bank has kept its main interest rate at a record low of 0.75% since July...

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50 million customers hit in LivingSocial hack

LivingSocial is requiring all customers to change their passwords after a cyberattack on its systems. NEW YORK (CNNMoney) The daily deals site recently suffered a cyberattack on some of its servers, and customer data for more than 50 million users...

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Stocks on track to cap 4th month of gains in 2013

Click the chart for more stock market data. NEW YORK (CNNMoney) Stock market investors will be especially keeping a close eye on how the bankers view the U.S. economy's progress. Recently, there have been signs that economic growth is losing...

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Tesla offers idiot-proof battery warranty

NEW YORK (CNNMoney) The battery is covered even if an owner fails to follow charging guidelines laid out in the owners' manual. "Any product that needs a manual to work is broken," Musk said. The only cases in which Tesla (TSLA) would not honor...

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FAA furlough reprieve: 'No fair!'

Lawmakers effectively canceled the furloughs of FAA air traffic controllers in an effort to end airport delays. Critics say Congress shouldn't pick favorites for reprieve from supposed across-the-board budget cuts. NEW YORK (CNNMoney) But advocates...

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50 million customers hit in LivingSocial hack

LivingSocial is requiring all customers to change their passwords after a cyberattack on its systems. NEW YORK (CNNMoney) The daily deals site recently suffered a cyberattack on some of its servers, and customer data for more than 50 million users...

12.08 | 0 komentar | Read More

Tax refund delayed? H&R Block might give you $25

NEW YORK (CNNMoney) The tax preparation firm said Wednesday it is sending $25 gift cards to customers who filed their taxes in company-owned H&R Block (HRB) locations and were impacted by a processing delay of returns claiming education credits....

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GE Capital halts lending for gun shop purchases

GE Capital has halted its lending program for purchases from gun shops. NEW YORK (CNNMoney) GE Capital, which provides consumer financing services, had previously provided lending services to gun shops to help consumers finance firearm purchases....

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Lawmakers probe government loan to Fisker as carmaker struggles

The Fisker Karma. NEW YORK (CNNMoney) Fisker laid off most of its employees earlier this month and missed its first loan payment to the Department of Energy on Monday. The Treasury Department has already seized $21 million in an effort to recover...

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Bird flu eats up Yum profits in China

HONG KONG (CNNMoney) The fast-food giant said Wednesday that same-store sales in China dropped 20% in the first quarter, as it continues to grapple with the fallout from a food safety scandal and fears over a new strain of bird flu. The sharp decrease...

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Samsung Galaxy S4 review: Gimmicky, but still one of the best

NEW YORK (CNNMoney) The Galaxy S4's design is virtually unchanged from the Galaxy S III. And when I say virtually unchanged, I mean that you have to be pretty obsessive to notice the differences. Aside from a slightly more rectangular body and a more...

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America's air is getting cleaner - and less costly

As air pollution decreases, Phoenix is one of the cities that's showing a marked improvement. NEW YORK (CNNMoney) The American Lung Association's annual "State of the Air" report -- based on EPA findings for 2009 through 2011 -- found that the...

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Netflix stock surges 25% on solid subscriber growth

Netflix trounced Wall Street's earnings expectations thanks to a big increase in video streaming subscribers. NEW YORK (CNNMoney) Netflix signed up more than 2 million new U.S. streaming subscribers in the first quarter, which was at the top end...

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Cybercrime's easiest prey: Small businesses

Small businesses are the 'most victimized' NEW YORK (CNNMoney) A data breach investigations report from Verizon (VZ, Fortune 500), to be released Tuesday, will show that small businesses continue to be the most victimized of all companies. Of...

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China manufacturing expansion slows

HSBC's flash PMI index dropped in April. HONG KONG (CNNMoney) Global bank HSBC said its "flash" index of purchasing managers' sentiment fell to 50.5 in April from March's final reading of 51.6. Any reading above 50 signals expansion in the manufacturing...

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Stocks: Apple, Amazon, Netflix earnings on tap

Click the chart for more stock market data. NEW YORK (CNNMoney) One of the most anticipated reports will come from Apple (AAPL, Fortune 500) on Tuesday. The iPhone maker's stock hit a 52-week low last week as shareholders worried about the company's...

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Netflix hopes for 'House of Cards' boost

Netflix is hoping its investment in original programming, including Kevin Spacey's "House of Cards," pays off in the form of new subscribers. NEW YORK (CNNMoney) The streaming video company will report first-quarter earnings on Monday, and the...

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Deficits are falling. For now

Beyond 2016, both deficits and debt are projected to climb north once again, NEW YORK (CNNMoney) Remember 2009, the depths of the economic crisis? That year, the country spent way more than it brought in and ran an eye-popping shortfall that topped...

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Another Honda recall: 225,000 SUV's and minivans affected

The 2012 CRV is among the vehicles affected by the Honda recall. NEW YORK (CNNMoney) In the U.S., the recall affects roughly 128,000 Honda CR-V's and 59,000 Odysseys from model years 2012 and 2013, as well as 17,500 Acura RDX's from 2013, Honda...

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Boeing Dreamliner cleared to fix battery, start flying again

The Federal Aviation Administration cleared Boeing to make fixes to the battery system of the 787 Dreamliner. That paves the way for the aircraft to start flying again. WASHINGTON (CNNMoney) Nearly 50 Dreamliners have been grounded for the last...

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AB InBev and Modelo merger set to move forward

Anheuser-Busch InBev and Grupo Modelo are currently the number-one and -three brewers in the U.S. market, respectively. NEW YORK (CNNMoney) The Justice Department announced Friday that it had reached a settlement with Anheuser-Busch InBev and Grupo...

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Another Honda recall: 225,000 SUV's and minivans affected

The 2012 CRV is among the vehicles affected by the Honda recall. NEW YORK (CNNMoney) In the U.S., the recall affects roughly 128,000 Honda CR-V's and 59,000 Odysseys from model years 2012 and 2013, as well as 17,500 Acura RDX's from 2013, Honda...

12.08 | 0 komentar | Read More

Boeing Dreamliner cleared to fix battery, start flying again

The Federal Aviation Administration cleared Boeing to make fixes to the battery system of the 787 Dreamliner. That paves the way for the aircraft to start flying again. WASHINGTON (CNNMoney) Nearly 50 Dreamliners have been grounded for the last...

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AB InBev and Modelo merger set to move forward

Anheuser-Busch InBev and Grupo Modelo are currently the number-one and -three brewers in the U.S. market, respectively. NEW YORK (CNNMoney) The Justice Department announced Friday that it had reached a settlement with Anheuser-Busch InBev and Grupo...

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IRS employees charged with stealing benefits, food stamps

24 former and current IRS employees have been indicted for benefits fraud. NEW YORK (CNNMoney) Twenty-four former and current IRS employees have been indicted for allegedly claiming they were unemployed in order to receive jobless benefits, food...

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Buffett associate Charlie Munger pledges $110 million to University of Michigan

Munger's gift is the largest in the University of Michigan's history. NEW YORK (CNNMoney) Munger, a close associate of legendary investor Warren Buffett, has pledged $110 million in securities to the Ann Arbor-based university. The gift, the largest...

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Bowles and Simpson detail $2.5 trillion deficit reduction plan

NEW YORK (CNNMoney) They're releasing details of a proposed $2.5 trillion deficit reduction plan, which they originally outlined in February. Bowles and Simpson were co-chairmen of President Obama's bipartisan fiscal commission in 2010, and their...

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Debt's impact on growth: Latest study doesn't settle debate

Harvard economists Kenneth Rogoff and Carmen Reinhart NEW YORK (CNNMoney) That's what various research has shown over the past few years, and it still holds even after a new study released this week has called into question the best known analysis...

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