U.S. expats cry foul over tax system

Bob Simison, a U.S. expat in Australia (with his wife, Sarah) says it takes him 40 hours to prepare his taxes each year. HONG KONG (CNNMoney) Unlike citizens of most other countries, Americans are legally obligated to file U.S. taxes each year,...

12.08 | 0 komentar | Read More

Bank of America warns of fresh U.S. lawsuit

Bank of America says it is it is under increasing scrutiny from U.S. regulators over mortgage bonds. NEW YORK (CNNMoney) BofA revealed in a securities filing Wednesday that staff from a U.S. Attorney's office have disclosed plans to recommend that...

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China is on oil and gas shopping spree

Chinese companies have moved into oil production in the Caspian Sea. HONG KONG (CNNMoney) Of the 10 biggest foreign mergers or acquisitions by Chinese companies this year, seven have been in the energy sector, according to data from Dealogic. ...

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Obamacare deadlines clarified

Customers who enroll in coverage by March 31 won't be on the hook for a "shared responsibility payment." NEW YORK (CNNMoney) That's the 2014 deadline to apply for coverage and not face tax penalties under an extension announced late Monday by the...

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Obamacare site has another 'outage'

Marilyn Tavenner, head of the agency overseeing the site, testified at a congressional hearing Tuesday. NEW YORK (CNNMoney) Verizon, which provides some technology services behind HealthCare.gov, said federal officials asked the company to provide...

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What information is the government buying about you?

The federal government can use the salary and pay information provided by The Work Number to determine a person's eligibility for a variety of government benefits. NEW YORK (CNNMoney) Recently, the U.S. government started using a database called...

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Amid criticism, Wal-Mart touts promotions for workers

Wal-Mart says it will promote more than 25,000 employees by the end of January. NEW YORK (CNNMoney) The retail giant announced plans to promote more than 25,000 of its roughly 1.3 million U.S. employees by the end of January, bringing its annual...

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Barack Obama's tweets hacked

Hackers from the Syrian Electronic Army claimed responsibility for re-directing links sent by President Barack Obama to a pro-Assad video. NEW YORK (CNNMoney) One tweet about immigration reform was supposed to send followers to an article from...

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Meet Alibaba, Yahoo's Chinese secret weapon

Yahoo shares are up 90% over the past year, but analysts say that's largely because of its stake in buzzy Chinese e-commerce giant Alibaba. NEW YORK (CNNMoney) Much of Yahoo's bounceback can be chalked up to its stake in a company called Alibaba...

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Obamacare malfunction shuts down application tool

Health Secretary Kathleen Sebelius touted the "Hub" as one piece of Obamacare that was working -- one day before it broke. NEW YORK (CNNMoney) Joanne Peters, a spokeswoman for the Department of Health and Human Services, said a vendor networking...

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New York will stockpile gas to prevent storm outages

Lines outside some gas stations stretched for miles. NEW YORK (CNNMoney) Gov. Andrew Cuomo on Saturday announced the state would create a Strategic Gasoline Reserve -- a $10 million pilot program that includes tanks for the fuel on Long Island....

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This could be the largest Fed stimulus yet

NEW YORK (CNNMoney) The Fed was expected to wind down its third round of quantitative easing, known as QE3, at the end of this year. But most predictions are now well into 2014, with some as far out as June. Economists largely believe the government...

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JPMorgan paying $5.1 billion to Fannie, Freddie over mortgages

It's been a rough year for JPMorgan. NEW YORK (CNNMoney) The bank has also been in talks with the Justice Department and other government officials over another potential settlement based on similar claims. That settlement will likely be even more...

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United fined $1.1 million over Chicago delays

Passengers were stuck on planes for stretches ranging from just over three hours to nearly four-and-a-half hours. NEW YORK (CNNMoney) The DOT said the penalty is the largest for such a violation since a rule limiting long tarmac delays took effect...

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Feds seize $28 million in bitcoins from alleged Silk Road operator

There are currently about 11.9 million bitcoins in circulation, according to the website Blockchain. NEW YORK (CNNMoney) Bitcoin, which allows users to conduct online transactions while obscuring their identities, was the only currency accepted...

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JPMorgan paying $5.1 billion to Fannie, Freddie over mortgages

It's been a rough year for JPMorgan. NEW YORK (CNNMoney) The bank has also been in talks with the Justice Department and other government officials over another potential settlement based on similar claims. That settlement will likely be even more...

12.08 | 0 komentar | Read More

United fined $1.1 million over Chicago delays

Passengers were stuck on planes for stretches ranging from just over three hours to nearly four-and-a-half hours. NEW YORK (CNNMoney) The DOT said the penalty is the largest for such a violation since a rule limiting long tarmac delays took effect...

12.08 | 0 komentar | Read More

Feds seize $28 million in bitcoins from alleged Silk Road operator

There are currently about 11.9 million bitcoins in circulation, according to the website Blockchain. NEW YORK (CNNMoney) Bitcoin, which allows users to conduct online transactions while obscuring their identities, was the only currency accepted...

12.08 | 0 komentar | Read More

Zynga surges 12% after sales beat projections

Zynga is best known for the social media game FarmVille. NEW YORK (CNNMoney) Shares of the social gaming company surged 12% in after-hours trading Thursday after it reported third-quarter sales of $202.6 million, beating the analyst projection...

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U.S. lagging behind on gender equality

Women hold 98 of the 535 seats in Congress -- just 18%. That's far fewer than in some other countries, which is one reason why the United States ranks in the middle of the pack on gender equality. NEW YORK (CNNMoney) The U.S. has a larger gender...

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Instagram reveals its new ads

Instagram is adding a new feature: advertisements. HONG KONG (CNNMoney) The photo-sharing network Instagram on Thursday pulled back the curtain on a sample ad that will appear in users' feeds during the coming week. The ad, which looks much like...

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McDonald's helps workers get food stamps

McDonald's workers have been protesting for higher wages and better hours since last November. NEW YORK (CNNMoney) The hamburger chain pretty much admits that in a call made by a worker to "McResources"-- a helpline set up for its workers. The...

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Countrywide defrauded Fannie and Freddie, jury rules

Bank of America acquired Countrywide in 2008. NEW YORK (CNNMoney) A former Countrywide executive, Rebecca Mairone, was also found liable in the case. The Justice Department lawsuit concerned a Countrywide program established in 2007 called the...

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China factories power ahead

HONG KONG (CNNMoney) HSBC said on Thursday that its "flash" measure of sentiment among manufacturing purchasing managers advanced to 50.9 in October, its highest level in seven months. The index is an early gauge of the health of the sector, which...

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Carl Icahn dumps more than half of his Netflix stake

Activist investor Carl Icahn NEW YORK (CNNMoney) A year ago this month, the activist investor directly bought or took out options on 5.5 million Netflix shares, representing a 10% stake in the company. Icahn has now sold off 5.5% of that stake,...

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More banks in the crosshairs after JPM deal

JPMorgan posted a loss for the third quarter as a result of its myriad legal problems. NEW YORK (CNNMoney) The settlement, which has yet to be finalized, relates to mortgage-backed securities sold by JPMorgan and the firms it later purchased, Bear...

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