April 2012
258 posts
18 tags
Why half of us don't pay income tax
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NEW YORK (CNNMoney) — It’s a provocative fact about the tax code: Nearly half of U.S. households end up owing no federal income tax.
But it’s not surprising given the addiction to tax breaks by both...
24 tags
Gas prices seen headed lower at the pump
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NEW YORK (CNNMoney) — A surge in gasoline prices earlier this year sparked talk of $5 a gallon by this summer, but prices at the pump have been ticking lower in April, and it appears they’ll continue falling asthe...
16 tags
Postal Service bill faces roadblocks
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WASHINGTON (CNNMoney) — A Senate bill passed this week to rescue the indebted U.S. Postal Service is drawing fire from key agency officials and House Republican leaders.
And it’s looking increasingly unlikely that the...
20 tags
Spain's jobless rate hits record high
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NEW YORK (CNNMoney) — Spain’s notoriously stagnant job market is at the root of its economic crisis, which is a serious problem that is expected to get worse before it gets better … if it gets better.
...
18 tags
Samsung takes cell phone market lead from Nokia
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NEW YORK (CNNMoney) — Nokia is now the world’s second-largest cell phone company, ending a 14-year run at the top.
Samsung took over the top spot, shipping 92 million cell phones in the first quarter,...
20 tags
GDP: Recovery slows in first quarter
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NEW YORK (CNNMoney) — The American economy grew slower than predicted in the first quarter, as government spending cuts offset a pickup in consumer spending.
Gross domestic product, the broadest measure of the nation’s...
14 tags
A look behind Apple's App Store curtain
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NEW YORK (CNNMoney) — A funny thing happened to startup SwayMarkets after CNNMoney ran a story about its CarrierCompare app two weeks ago: The app got yanked from Apple’s iTunes App Store.
CarrierCompare, which...
14 tags
China news site worth more than New York Times
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NEW YORK (CNNMoney) — Propaganda doesn’t pay? Actually it’s pretty lucrative … at least if you’re a media outlet backed by the Chinese government .
People.cn, the online arm of People’s...
23 tags
Cybersecurity bill passes, Obama threatens veto
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NEW YORK (CNNMoney) — The House of Representatives, as expected, approved a controversial cybersecurity bill late Thursday, staring down a veto threat. But the fight to protect the United States from a cataclysmic...
24 tags
Stocks close out a strong week
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NEW YORK (CNNMoney) — U.S. stocks moved higher Friday, capping a weekly gain, as upbeat corporate results outweighed a weaker-than-expected report on first-quarter economic growth.
The Dow Jones industrial average (INDU) rose 28...
23 tags
Insiders are selling. Should you?
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NEW YORK (CNNMoney) — First quarter earnings have been decent, if not spectacular. And many corporate executives are issuing cautiously optimistic guidance for the rest of the year.
But while insiders’ lips are saying one...
18 tags
Apple soars 10% as profit doubles
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NEW YORK (CNNMoney) — Much stronger-than-expected iPhone sales helped Apple nearly double its profit last quarter.
The world’s most valuable company said Tuesday it sold 35.1 million iPhones during the first three months of...
9 tags
Millions of dead people get identities stolen
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NEW YORK (CNNMoney) — Just because you’re dead doesn’t mean you can’t be robbed.
Identity thieves steal the personal information of about 2.4 million deceased Americans each year, according to a new...
24 tags
$1.6 billion in missing MF Global funds traced
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NEW YORK (CNNMoney) — Investigators probing the collapse of bankrupt brokerage MF Global said Tuesday that they have located the $1.6 billion in customer money that had gone missing from the firm.
But just how much...
15 tags
Plan to fix Postal Service likely to pass Senate
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WASHINGTON (CNNMoney) — The Senate is expected Wednesday to pass a plan to save the struggling U.S. Postal Service, an effort that could save thousands of jobs and 100 mail processing plants now slated to be closed...
24 tags
Amazon e-book prices: Good news ... for now
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NEW YORK (CNNMoney) — When the Justice Department filed suit against Apple and five major book publishers alleging e-book price fixing, the government hawked it as a triumph for consumers.
The other champ, of...
24 tags
Occupy boardroom: Shareholders revolt
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NEW YORK (CNNMoney) — Shareholders across the United States are uniting, creating a movement that could be dubbed Occupy Boardroom.
Long-term shareholders, including pension funds and mutual funds, are attempting to push out...
24 tags
Student loan rate hike: What you need to know
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WASHINGTON (CNNMoney) — On July 1, the interest rates on student loans subsidized by Uncle Sam will double to 6.8%.
The upshot? Students taking out loans for the next school year will have to dig deeper in their...
11 tags
Apple earnings lift iPhone supplier stocks
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NEW YORK (CNNMoney) — Apple isn’t the only stock benefiting from itsblowout second quarter, during which it sold many more iPhones than expected. Shares of companies that make chips or accessories for iPhones also...
13 tags
Investors predict the market will drop, but not...
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FORTUNE — Is the market too calm?
Despite some recent bumps, shares have mostly raced up this year, and investors seem to be getting less and less worried about risking their money in stocks. The VIX (VIX),...
14 tags
Federal Reserve sees economy improving
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NEW YORK (CNNMoney) — The Federal Reserve believes the economy is improving, but not enough to warrant a change in its stimulative policies just yet.
The 17 members of the Federal Open Market Committee revised their economic...
17 tags
Burger King to use eggs from cage-free hens
NEW YORK (CNNMoney) — Breakfast at Burger King is about to get more humane.
The nation’s No. 2 fast food chain announced an agreement Wednesday with the Humane Society of the United States to switch to eggs from hens not kept in cages, and to only use pork products from pigs also not kept and bred in small cages.
While rivals McDonald’s, Wendy’s and other food-service...
24 tags
Apple literally does rule the world
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NEW YORK (CNNMoney) — If you are waiting for the Apple “bubble” to pop, you might be doing so for a very long time. Apple defied the skeptics Tuesday, blowing away earnings and sales forecasts.
Shares of Apple...
22 tags
Instagram Applications vs. Gramophone Regulations
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Is Instagram worth $1 billion? Probably not. Is Instagram worth one-hundredth of Facebook? Perhaps. Last week Mark Zuckerberg acquired the photo-sharing app for 1% of his company â 30% in cash and 70% in pre-IPO...
18 tags
Why The Next Shoe To Drop Post-Instagram Is Apple...
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There were many responses from the Facebook (FB) â Instagram deal.
One of the more interesting ones to emerge at the end of last week was Phil Schillerâs response via 9to5Mac. ...
