March 2012
190 posts
13 tags
Mega Millions jackpot grows to an estimated $640...
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Tonight’s Mega Millions lottery jackpot has grown to an estimated $640 million, according to the Massachusetts Lottery.
The jackpot had already broken the record Thursday for the largest lottery prize in...
12 tags
FHA to reject borrowers in minor credit disputes
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NEW YORK (CNNMoney) — The Federal Housing Administration is about to make it even tougher to borrow money from Uncle Sam to buy a home.
Starting April 1, borrowers in ongoing disputes with creditors over debts of...
19 tags
There is no student loan 'crisis'
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NEW YORK (CNNMoney) — Total student loan debt has topped $1 trillion … but there’s no need to panic.
Most borrowers have a reasonable amount of debt, and the total balance is not likely to cause major...
17 tags
Jobless rates fall in 29 states
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NEW YORK (CNNMoney) — Unemployment fell in 29 states in February and rose in only eight, the government reported Friday, in another sign of broad improvement in the U.S. labor market.
The improvement means there are only three...
12 tags
Why the lottery is not a good bet
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NEW YORK (CNNMoney) — You are not going to win the lottery.
Sure, somebody might cash in that $640 million Mega Millions golden ticket, but odds are, every single reader of this story will come away disappointed.
The odds...
20 tags
Will IBM's Rometty join Augusta's boys' club?
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NEW YORK (CNNMoney) — Ginni Rometty has already shattered the glass ceiling of the corporate world. But can she break the green ceiling at Augusta National Golf Club?
That’s the question that...
19 tags
Harvard, Princeton post record low acceptance...
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NEW YORK (CNNMoney) — Your odds of getting into some of the nation’s most prestigious colleges are shrinking.
The country’s eight Ivy League institutions finished sending out their admission...
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Mega Millions: Betting on a blessing or a curse?
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NEW YORK (CNNMoney) — Step right up, ladies and gentlemen. The clock is ticking on the Mega Millions lottery, the fattest jackpot in American history.
Just don’t end up like Hurley from...
24 tags
U.S. tightens oil sanctions on Iran
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NEW YORK (CNNMoney) — President Obama ratcheted up the pressure on Iran Friday, deciding to implement previously announced sanctions that will be the toughest to date.
The decision declares that world oil markets can be...
17 tags
'Massive' credit card data breach involves all...
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NEW YORK (CNNMoney) — A data breach at a payments processing firm has potentially compromised credit and debit card information from all of the major card brands.
Global Payments (GPN), a...
24 tags
Stocks end spectacular quarter
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NEW YORK (CNNMoney) — U.S. stocks closed mixed Friday, with the Dow and S&P 500 ending their best first quarter in over a decade, as investors weighed a report on consumer spending and a boost in the eurozone bailout fund.
The...
19 tags
JPMorgan: MF Global claimed transfer was legal
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NEW YORK (CNNMoney) — JPMorgan says it received “multiple clear oral assurances from senior MF Global officials” that a $175 million transfer from the firm to cover an overdraft did not include customer...
20 tags
Angry at health care arguments? Get even.
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Liberals need to wake up to a fact of life conservatives have known for decades: The Supreme Court matters, and what matters most is the President who appoints its members.
By Roger Parloff, senior editor
FORTUNE —...
16 tags
The good intentions that will kill your business
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Whether it’s trying to be great at everything or giving great service away for free, there are plenty of ways in which the best intentions spell business failure.
Bank of America’s biggest problem may be that...
22 tags
Must you give a job interviewer your Facebook...
Asking candidates for social media passwords may soon be illegal in some states. In the meantime, here’s how to say “no” gracefully.
FORTUNE — Dear Annie: What’s all this I hear lately about job interviewers requiring applicants to hand over their Facebook passwords? I’ve been job hunting for about three months. (I’m working now, but not thrilled with my...
15 tags
Not everybody hates health reform
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NEW YORK (CNNMoney) — You’ve heard it a thousand times: Health reform will stifle small business and kill jobs.
But some business owners are telling another story — it just might make health insurance more...
14 tags
Gas tops $3.90 a gallon
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NEW YORK (CNNMoney) — The price of an average gallon of regular gas surpassed the $3.90 mark Wednesday, moving to within a dime of the $4 threshold.
The average price rose 1.3 cents to $3.911 in the latest daily survey conducted for the...
13 tags
Nike sues Reebok over Tebow apparel
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NEW YORK (CNNMoney) — Nike is suing rival Reebok for selling New York Jets uniforms and other Jets apparel with the name of its new quarterback Tim Tebow on them.
Nike (NKE, Fortune 500) says it is the only company authorized...
23 tags
Oil prices seen rising if speculation is limited
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NEW YORK (CNNMoney) — One of the most influential consultants in the oil industry said Wednesday that limiting speculation in oil markets will lead to less energy production, fewer jobs and increased prices for...
24 tags
Supreme Court won't kill health care stocks
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NEW YORK (CNNMoney) — All eyes have been on the Supreme Court this week as the justices listened to three days of arguments regarding the constitutionality of President Obama’s health care reform plan.
Much...
24 tags
S&P slides 1% on economic jitters
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NEW YORK (CNNMoney) — Stocks slid further into the red Wednesday as a disappointing report on durable goods orders led to concerns about the economy.
“It doesn’t take economic numbers meeting expectations to give...
19 tags
Shale gas is no alternative to renewables
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If we really want to cool the planet this century, we need rapid and massive deployment of a mix of conservation, wind, solar, and nuclear energy — not natural gas.
By Sunil Sharan, contributor
FORTUNE — The...
9 tags
Facebook strips 'privacy' from new 'data use'...
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NEW YORK (CNNMoney) — A Facebook data policy document intended to make the site’s methods more transparent is instead kicking up a fresh firestorm.
Facebook made a...
13 tags
Retirement planning: It's not just money
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NEW YORK (CNNMoney) — Most retirement planning emphasizes financial considerations. How can I plan for the way I’ll live after I leave work? — David, Miami, Fla.
Many of us get so caught up in the...
24 tags
March Mad Men-ness! Buy AMC?
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NEW YORK (CNNMoney) — Don (or shall I say Dick?), Peggy, Roger, Pete, Joan and the rest of the Sterling Cooper Draper Pryce gang return to television Sunday after a painfully long hiatus.
But is the season five premiere of “Mad...
15 tags
T-Mobile to lay off 1,900 employees
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NEW YORK (CNNMoney) — T-Mobile USA said Friday that it will eliminate a net 1,900 call center positions in an effort to slash costs at the struggling carrier.
The company said more restructuring will come before July to...
14 tags
BofA to Offer Rentals as Foreclosure Alternative
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Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners.
The “Mortgage to...
24 tags
Dartmouth chief tapped to head World Bank
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NEW YORK (CNNMoney) — President Obama on Friday nominated Dr. Jim Yong Kim, the president of Dartmouth College, to be the next president of the World Bank.
Kim’s background is in medicine, not economics or business...
19 tags
Homebuilders sink on big KB Home loss
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NEW YORK (CNNMoney) — Shares of residential construction companies were under pressure Friday after KB Home reported a sharp drop in new orders, raising worries about the all-important spring selling season.
KB Home said new...
12 tags
Apple trading halted, resumes
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A circuit breaker kicked in after high-frequency trades from BATS triggered a flash crash
The hearts of Apple (AAPL) traders stopped briefly at 10:57 a.m. Friday when the company’s share price, which had opened the day at $600.49...
24 tags
Stocks: Choppy end to the week
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NEW YORK (CNNMoney) — U.S. stocks flip-flopped Friday as investors remained skittish about the health of the economy after the latest report on home sales signaled further trouble for the housing market.
Commodities helped push...
13 tags
UPS expands its reach with $6.8 billion deal
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NEW YORK (CNNMoney) — United Parcel Service is expanding its global reach by agreeing to acquire rival delivery service company TNT Express in a $6.8 billion deal.
Atlanta-based UPS (UPS, Fortune 500) will pay about...
24 tags
Stocks juiced by Apple
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NEW YORK (CNNMoney) — After a year filled with uncertainty, 2012 has so far been a strong one for stocks. Stronger economic data has helped push the Dow up more than 8% since January.
But it’s not so easy for some investors to forget...
11 tags
Starbucks opens its first juice bar
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NEW YORK (CNNMoney) — Starbucks moved beyond its coffee roots Monday, opening its first juice bar under its newest brand, Evolution Fresh.
The juice bar is in Bellevue, Washington, not far from its Seattle home base. While the...
12 tags
Digital gadgets make us read more news
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NEW YORK (CNNMoney) — As the mobile tech revolution takes hold, theway in which we get our news is changing.
More than a quarter of Internet-connected Americans now follow news on mobile devices such as smartphones, tablets...
10 tags
Wendy's overtakes Burger King as No. 2 U.S. burger...
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NEW YORK (CNNMoney) — Wendy’s is taking a bite out of Burger King in the fast food business.
Dave Thomas’s restaurants became the No. 2-selling hamburger chain in the country last year,...
23 tags
Apple sells 3 million new iPads in 4 days
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NEW YORK (CNNMoney) — Apple announced late Monday that it has sold more than 3 million new iPads since the new version’s March 16 launch, making this the most successful launch yet for Apple’s tablet.
On...
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Disney: 'John Carter' loses $200 million
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NEW YORK (CNNMoney) — It’s official. The Disney movie “John Carter” is a flop of legendary proportions.
“John Carter,” based on a Martian adventure novel by Edgar Rice Burroughs,...
11 tags
Congress: Here we go again
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NEW YORK (CNNMoney) — And they’re at it again.
Democrats and Republicans are knowingly running in different directions as fast as they can to come up with a budget for the next fiscal year that they know won’t fly with the...
