GM spokesman becomes 'Chevy Guy' thanks to 'technology and stuff'

"Chevy Guy" Rikk Wilde became a viral sensation bumbling his way through a World Series presentation Wednesday night. NEW YORK (CNNMoney) Wilde, or as the Internet has dubbed him "Chevy Guy" was given the duty of presenting Bumgarner with the...

12.08 | 0 komentar | Read More

Baby Boomers say they aren't moving out of their homes

NEW YORK (CNNMoney) In a survey of 4,000 Baby Boomer households conducted by the non-profit Demand Institute, 63% of Boomers plan to stay in their current home once they retire. Much of that has to do with the recession. The financial crisis...

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Can anything save Sony?

TOKYO (CNNMoney) Major rating agencies Fitch and Moody's have downgraded the company to "junk" status. Standard & Poor's has warned it could soon do the same. The latest indignity came in September, when Sony said it expects to lose a staggering...

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Samsung profit plunges 60% amid smartphone troubles

HONG KONG (CNNMoney) The South Korea-based firm posted operating profit of 4.1 trillion won ($3.9 billion) for the third quarter -- a 60% decline from the previous year. Third quarter sales were also lower than the previous year, falling nearly...

12.09 | 0 komentar | Read More

Regulator calls out student loan industry

Graduates cheer during the Bowie State University graduation ceremony in May 2013. NEW YORK (CNNMoney) The report, which doesn't name any individual companies that collect on the $1.2 trillion in student debt, was compiled between March and June...

12.09 | 0 komentar | Read More

Ballmer: Clippers' opener is a 'product launch'

Laguna Beach, Calif. (CNNMoney) Steve Ballmer, the former CEO of Microsoft, (MSFT, Tech30) is finding that owning a basketball team isn't so different from running a tech company. Ballmer bought the Los Angeles Clippers in August for a record $2...

12.09 | 0 komentar | Read More

Apple VP: When we make mistakes, we fix them quickly

Apple VP says company quickly fixed iOS bug. NEW YORK (CNNMoney) When the company released iOS 8.1 last week, there was a bug in the iPhone and iPad operating system that disabled cellular service for as many as 50,000 users. Apple moved fast...

12.08 | 0 komentar | Read More

Facebook spending spree irks investors

A big logo created from pictures of Facebook users worldwide is pictured at a company data center in Sweden. NEW YORK (CNNMoney) That message came loud and clear Tuesday afternoon, as Facebook (FB, Tech30) shares sank nearly 10% in after-hours...

12.08 | 1 komentar | Read More

Peter Thiel: We live in an anti-tech world

Laguna Beach, Calif. (CNNMoney) That's the message from Peter Thiel, the enigmatic entrepreneur who's now targeting Hollywood for what he describes as an industry-wide negative portrayal of technology. "Most people don't like science, they don't...

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U.S. is 65th in world on gender pay gap

LONDON (CNNMoney) Currently, there's no country in the entire world where a woman earns as much as a man for doing the same job. And it's going to take another 81 years for the gender gap to close, according to a new report by the World Economic Forum....

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Buy your own ghost town. Starting bid: $800,000

For sale: Up for auction next week is an abandoned Connecticut mill town NEW YORK (CNNMoney) On Tuesday, October 28 -- just in time for Halloween -- you'll have your chance. That's when Johnsonville Village in Connecticut will be auctioned...

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Madison Square Garden to explore split

HONG KONG (CNNMoney) The sports and media operation would include the NBA's New York Knicks and the NHL's New York Rangers, as well as the MSG television network. The second firm would include MSG's booking, production and venue management operations....

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'Collabition.' 'Decisioning': The worst corporate jargon around

NEW YORK (CNNMoney) For instance, when you're asked to "strategerize a greenfielded, collaborative solution that considers the equities of all stakeholders" you may think you should do something eco-friendly. But you'd be wrong. According to...

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Elon Musk warns against unleashing artificial intelligence 'demon'

NEW YORK (CNNMoney) Musk, who promises to take humans to new heights with space and battery technologies, was especially grounded in his latest caution on artificial intelligence. He told an audience at MIT on Friday that "we should be very careful...

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Howard Lutnick donates $25 million to college

NEW YORK (CNNMoney) Howard Lutnick's philanthropic efforts -- especially since the September 11 attack that claimed hundreds of his New York employees -- got $25 million deeper this weekend. The gift is his largest to Haverford College. Lutnick's...

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The Ebola stocks: Effect of an outbreak

NEW YORK (CNNMoney) Some people have considered canceling visits to big theme parks and have aired worries about whether airports and public areas are safe zones. It's no wonder that investors are assessing Ebola's impact on the economy. Stocks...

12.08 | 0 komentar | Read More

NYC tabloids keep a straight face on Ebola

NEW YORK (CNNMoney) In the hours before Spencer was diagnosed he had gone bowling, rode the A train and stopped by a meatball shop. But there was not a single pun to be found on New York City newsstands Friday morning. No hysteria and no sensationalism....

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The best time to book your holiday flight is...

NEW YORK (CNNMoney) A new survey shows the lowest prices for domestic airfares are found eight weeks before the departure date, around 19% below the average fare of $496, according to the Airlines Reporting Corporation, a travel industry research...

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How to avoid homebuyer's remorse

The most common homeowner complaint is that the house is too small. NEW YORK (CNNMoney) So it's no wonder that in a recent survey of 2,000 homebuyers, a whopping 80% said they regretted at least one thing about their home. The number one complaint:...

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Wall Street delivers bad news to Amazon

Investors aren't thrilled with CEO Jeff Bezos' quarterly losses. NEW YORK (CNNMoney) The e-commerce giant's stock fell nearly 11% in after-hours trading Thursday. The company reported a $437 million loss in the last quarter, even though its revenue...

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China one of top 3 destinations for expats

China is third on HSBC's ranking of best expat destinations. HONG KONG (CNNMoney) China is the third most desirable expat destination, just behind Singapore in second place and Switzerland in the lead, according to a study by HSBC. Lower living...

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Warren Buffett loses $2 billion in two days

NEW YORK (CNNMoney) Buffett is known for shunning the quick buck and focusing on the long-term performance of his investments. He'd best not change that this week. His Berkshire Hathaway (BRKB) investment house holds big pieces of Coke and IBM,...

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Will your retirement savings last?

NEW YORK (CNNMoney) The short answer is yes. Although there's no official benchmark for the appropriate margin of safety, I think most advisers would say that an 80% to 90% probability of success is about right for most people. Fall below 80% and...

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Joseph Weisenthal leaves Business Insider to join Bloomberg

NEW YORK (CNNMoney) The move is surprising considering that Weisenthal was one of the first members of Business Insider and is a prominent part of the site's newsroom and operations. It also comes during a hiring spree and new strategy at Bloomberg,...

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Media habits of liberals, conservatives: 'different worlds'

Conservatives trust Fox News more than other outlets, but liberals don't. NEW YORK (CNNMoney) It's because "when it comes to getting news about politics and government, liberals and conservatives inhabit different worlds," according to a Pew...

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Amazon and Simon & Schuster reach compromise deal

NEW YORK (CNNMoney) The publisher is Simon & Schuster, a unit of CBS Corporation, which had been locked in negotiations with Amazon for upwards of three months. In signing the deal, Amazon has rid itself of one thorny negotiation. But its...

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Total CEO dies in plane crash

HONG KONG (CNNMoney) De Margerie and three crew members were found dead at the scene of the accident, after the aircraft collided with a snow removal machine. "The thoughts of the management and employees of the Group go out to Christophe de...

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Nightmare on Wall Street: Is it over?

NEW YORK (CNNMoney) Frightening plot twists like plunging oil prices and the Ebola outbreak teamed up with ghosts from the past (Greece, deflation jitters in Europe) to create a toxic mix of market scares. Last week even featured a few quasi-heroes...

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One property insurance claim can hike your premiums by hundreds

NEW YORK (CNNMoney) On average, filing a single claim -- for anything ranging from a stolen bicycle to tornado damage -- will result in your monthly premium being raised by 9%, according to a report released by InsuranceQuotes.com. File a second...

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Debt-laden 'zombie' firms threaten China's economy

HONG KONG (CNNMoney) After expanding at a lightning-fast rate, China's corporate debt market is now the world's largest at $14.2 trillion, according to Standard and Poor's. Experts worry that too many of the loans have gone to underperforming...

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Baby Boomers are overexposed to stocks in this rocky market

NEW YORK (CNNMoney) Among 60-to-65 year olds, 30% have invested almost all of their savings in stocks, while 52% have more than 70% of their nest egg in stocks, according to an analysis of 10,000 users (split among three different age groups) of FeeX,...

12.08 | 0 komentar | Read More

Starbucks workers get raises, new dress code and a snack

Barista Kirstie Ponce showing off her tattoos. NEW YORK (CNNMoney) The changes include pay raises and an updated dress code for its U.S. employees. The dress code, especially the coffee chain's ban on visible tattoos, had rankled baristas...

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China is poised to report its slowest growth since the financial crisis

HONG KONG (CNNMoney) Gross domestic product is forecast to have expanded by 7.2% in the third quarter, compared to the same period last year, according to a median estimate of 15 economists. That puts economic growth at its slowest pace since the...

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