May 2012
180 posts
14 tags
Americans still relying on credit cards to get by
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NEW YORK (CNNMoney) — The economy may be growing again, but many U.S. consumers are still in a cash crunch.
In the past year, 40% of low- and middle-income households used credit cards to pay for basic living...
24 tags
Tech sell-off, Greece worries hit stocks
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NEW YORK (CNNMoney) — Tech shares led a broad sell-off on Wall Street Wednesday, following disappointing earnings, sales and outlook from Dell. Worries about Greece leaving the eurozone added to the pessimism, sending...
9 tags
Groupon customers offered class action payout over...
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NEW YORK (CNNMoney) — If you’ve ever bought a Groupon, you might be getting an email this week about a class-action lawsuit involving the expiration dates on the company’s daily...
14 tags
Google vanquishes Oracle in Android patent fight
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NEW YORK (CNNMoney) — In one of Silicon Valley’s landmark court battles, Google appears to have won a big victory over Oracle.
A jury on Wednesday cleared Google of violating any of Oracle’s patents...
13 tags
Welcome to the mortgage-free housing recovery
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A modest housing recovery is under way, even as bank lending remains tight. But cash buyers won’t be enough to turn it into a robust recovery.
FORTUNE – It almost goes without saying that plenty of headwinds weigh on...
5 tags
Silicon Valley shrugs off Facebook IPO woes
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NEW YORK (CNNMoney) — While Wall Street freaks out about an IPO it views as a disaster, the view of Facebook’s rocky public debut is much sunnier in Silicon Valley.
Some in the tech trenches are shrugging off the...
23 tags
Facebook IPO: What the %$#! happened?
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NEW YORK (CNNMoney) — Facebook’s breathlessly hyped IPO on Friday has turned into a huge Wall Street debacle, with lots of confusion — and now, lawsuits — swirling around.
Here’s the still-developing...
23 tags
Oil prices slide to 7-month low
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NEW YORK (CNNMoney) — Oil prices fell below $90 a barrel for the first time in seven months Wednesday as tumult in the eurozone, excess supply and positive news out of Iran weighed on prices.
Crude oil for July delivery fell as low...
5 tags
Stocks erase hefty losses
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NEW YORK (CNNMoney) — After nearly a full day in the red, stocks erased most of their losses in the last half hour of trading Wednesday.
The S&P 500 (SPX) ended higher by 2 points, or 0.2%. The tech-heavy Nasdaq (COMP) added 11...
5 tags
HP to cut 27,000 jobs
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NEW YORK (CNNMoney) — Hewlett-Packard announced Wednesday that it is slashing 27,000 jobs in a widely expected maneuver aimed atslimming down the struggling tech giant.
The company expects the layoffs, which amount to 8% of its worldwide...
4 tags
Paying companies to hire the unemployed
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Original Article
16 tags
Thrilled and bummed by Google's self-driving car
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WASHINGTON D.C. (CNNMoney) — My first ride in Google’s self-driving car was, all at the same time, thrilling, fascinating and a little disappointing.
The car was in Washington DC where Google...
5 tags
New York penthouse sells for a record $90 million
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NEW YORK (CNNMoney) — An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building’s developer.
The seller,...
20 tags
Postal Service's next deadline: Aug. 1
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WASHINGTON (CNNMoney) — The next deadline facing Congress to save the U.S. Postal Service is Aug. 1. That’s when the agency won’t have enough money to make a $5.5 billion payment to a retirement fund...
5 tags
How Iran could double its oil output
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NEW YORK (CNNMoney) — As Iran continues to grapple with the West over its nuclear ambitions, experts say the nation could double its already sizable oil output if sanctions were lifted to allow foreign investment into its oil...
17 tags
Google ordered to mend its ways fast or face...
NEW YORK (CNNMoney) — In a scolding letter sent to Google on Monday, European regulators outlined their “concerns” about Google’s business practices, giving the search giant “a matter of weeks” to shape up or pay up.
The European Commission said it had reached preliminary conclusions based on its 18-month antitrust investigation of Google. It found four...
21 tags
Facebook employees have millions. Now what?
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NEW YORK (CNNMoney) — When Facebook CEO Mark Zuckerberg rang the Nasdaq opening bell on Friday to mark Facebook’s public debut, he also rang in a crop of new millionaires and billionaires.
It’s a rite of...
5 tags
Facebook trader: Nasdaq 'blew it'
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NEW YORK (CNNMoney) — Traders weren’t expecting Facebook to make its big stock market debut at the sound of the opening bell last Friday, but they weren’t anticipating a two-hour delay either.
In alerts...
6 tags
Facebook stock falls below IPO price
NEW YORK (CNNMoney) — Facebook’s stock slid below its offering price in morning trading on Monday and ended the day below that level, following a lackluster debut day.
Facebook (FB) fell as low as $33 in the first half-hour of trade, but it closed at around $34.03 on Monday. That’s down 11% from Friday’s $38.23 closing price.
Though Facebook was one of the most...
24 tags
Yahoo: The hottest tech stock in the Valley?
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NEW YORK (CNNMoney) — When Yahoo decided to sue Facebook for patent infringement a few months ago, many tech watchers felt that this was a desperate act by a company whose best days were long behind it.
And now? Well,...
5 tags
GM to stop advertising on Facebook
NEW YORK (CNNMoney) — General Motors said Tuesday that it will stop paid advertising on Facebook.
The automaker says it will still be on the social networking site, it just won’t be spending money to buy ads.
“We regularly review our overall media spend and make adjustments as needed,” GM said in a statement. “This happens as a regular course of business and...
6 tags
Bank of America offering up to $30,000 for short...
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NEW YORK (CNNMoney) — Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure.
Under the plan, Bank of...
24 tags
Keystone isn't the only pipeline
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NEW YORK (CNNMoney) — At least a dozen new oil pipeline projects are slated to move forward in the United States over the next few years, bringing controversial sources of new crude to market despite the holdup of a portion...
5 tags
Businesses are recovering, but Washington didn't...
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NEW YORK (CNNMoney) — It’s a question that could determine if President Obama gets to serve another term: Are you better off than you were four years ago?
CNNMoney put the question to six small...
13 tags
Surprise! SUVs are more popular than ever
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NEW YORK (CNNMoney) — If you thought the “SUV craze” was over, you’re wrong. Very wrong. Market share for SUVs in recent months is the largest it has ever been.
During the height of the so-called...
