The secret to taking a real vacation

NEW YORK (CNNMoney) According to a survey from American Express OPEN, just 49% of entrepreneurs planned to take vacations this summer, down from 54% last summer and 67% in 2006. But it doesn't have to be that hard. Josh Golden, founder and CEO...

23.11 | 0 komentar | Read More

Will your congressman retire richer than you?

NEW YORK (CNNMoney) Members of Congress receive retirement benefits that are far more generous than those earned by the average worker, according to a recent Bankrate analysis. Not only do congressional representatives and senators earn the guarantee...

23.10 | 0 komentar | Read More

Hottest trade on Wall Street: Detroit bonds

Detroit has roughly $8.3 billion in tradeable bonds. NEW YORK (CNNMoney) Detroit's bonds have become the hottest trade on Wall Street, since the Motor City filed for the largest municipal bankruptcy two week ago. Prior to the bankruptcy filing,...

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Apple launches probe over China labor problems

The non-profit watchdog China Labor Watch is accusing Pegatron of terrible working conditions in its Chinese factories. LONDON (CNNMoney) Apple (AAPL, Fortune 500) said it is sending audit teams to three Chinese factories that are being accused...

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Uh-oh: Americans favor cash over stocks for long-term investments

Even when it comes to money they won't need for more than a decade, 26% of Americans prefer cash for long-term investments, edging out stocks, bonds, gold and real estate. NEW YORK (CNNMoney) Even when it comes to money they won't need for more...

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Stocks fall despite flurry of deals

Click for more market data. NEW YORK (CNNMoney) But that wasn't enough to get investors buying stocks, as several events later this week could set the tone for the rest of the summer. The Dow Jones industrial average, the S&P 500 and the...

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Fast food workers protest in 7 cities

Workers protested outside of a New York City Wendy's in April for higher pay and the right to form a union. NEW YORK (CNNMoney) Dozens of workers asking to be paid a minimum of $15 an hour and the right to organize without retaliation are expected...

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Canadian retailer taking over Saks

Saks is being bought out by the Canadian retailer, Hudson's Bay Company, in a deal worth nearly $3 billion. LONDON (CNNMoney) The Canadian Hudson's Bay Company (HBC) is buying the high-end American retailer Saks (SKS) in a deal worth nearly $3...

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Why we're working less than our parents did

NEW YORK (CNNMoney) But as a whole, Americans are working far less now than they did a generation ago, and have more leisure time than ever. The average work week has gone from over 38 hours in 1964 to under 34 hours in 2013 -- a drop of nearly...

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Amazon hiring 7,000 workers

Amazon is hiring 5,000 more workers for its fulfillment centers. NEW YORK (CNNMoney) Amazon did not give specific pay scales for the positions, but said the 5,000 warehouse jobs will pay 30% more than jobs in traditional retail stores. The jobs...

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GlaxoSmithKline says China execs may have broken law

Chinese authorities are investigating suspected bribery at the China arm of GlaxoSmithKline. HONG KONG (CNNMoney) The U.K. drugmaker has been accused by China of using a network of more than 700 travel agencies and other firms to channel bribes...

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Sandy-ravaged regions will never get landlines back

Much of Verizon's landline infrastructure on New York's Fire Island was destroyed during Superstorm Sandy and the telecom will not be repairing the old technology. NEW YORK (CNNMoney) Verizon (VZ, Fortune 500) is still in the process of repairing...

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Tax breaks: Washington budget voodoo hides true cost

Manufacturers of rum from Puerto Rico and the U.S. Virgin Islands have enjoyed a "temporary" increase in a key tax break for the better part of 20 years. NEW YORK (CNNMoney) Unless, that is, you're Congress. Lawmakers routinely enact "temporary"...

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UBS settles mortgage case for $745 million

Swiss bank UBS reveals latest in a series of penalties to settle charges of misconduct. LONDON (CNNMoney) UBS (UBS) announced the settlement Monday, noting that it's one of 18 financial institutions named in similar cases. The U.S. Federal Housing...

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Apple's developer's site shut down by hack attack

Apple had to shut down its developer's site due to a hacker attack last Thursday. NEW YORK (CNNMoney) A notice on the site said an intruder had "attempted to secure personal information of our registered developers" last Thursday, and that Apple...

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Home sales dip in June

Sales of existing homes stumbled in June after hitting a 42-month high in May. NEW YORK (CNNMoney) The number of sales dipped 1.2% to an annual rate of 5.08 million in June from a downwardly revised 5.14 million in May, according to the National...

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Stocks: Bracing for earnings deluge

Click chart for more market data NEW YORK (CNNMoney) The Dow Jones industrial average was down a handful of points. McDonald's (MCD, Fortune 500) was the main drag, falling 2.5% after the restaurant operator reported disappointing earnings and...

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This is what a bad quarter for Apple looks like

Apple's financials appear to be heading in the wrong direction. NEW YORK (CNNMoney) Apple (AAPL, Fortune 500) didn't unveil any major products over the last three months. High-end smartphone sales are plateauing, and Apple has no real low-cost...

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High speed trader fined $3 million for commodity manipulation

Panther Energy 'spoofed' oil and commodity markets traded on CME exchanges LONDON (CNNMoney) New Jersey-based Panther Energy Trading and its principal, Michael Coscia, were fined a total of $3.1 million, and also ordered to hand over at least $1.4...

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Loeb exits Yahoo board

Yahoo buys back 40 million shares held by Third Point, leading the hedge fund's founder Daniel Loeb to step down from the tech giant's board of directors. NEW YORK (CNNMoney) The decision was spurred by Yahoo's decision to buy back 40 million shares...

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Scamming Obamacare harder than you think

A temporary rule change won't make it easier for people to get more health subsidies than they qualify for, experts say. And in the event they do, the IRS will serve as the ultimate backstop. NEW YORK (CNNMoney) Officials announced on July 5 that...

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Twinkies are back, but most jobs are not

Twinkies are now produced by a joint venture between Apollo Global and C. Dean Metropolous. NEW YORK (CNNMoney) There were 18,500 people working for Hostess Brands when the company went bankrupt in November, making Twinkies, Wonder Bread and a...

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Stocks: Investors cheer China data

Click for more market data. NEW YORK (CNNMoney) U.S. stock futures were modestly higher ahead of the open. There had been concerns that the Chinese economic slowdown was intensifying. While the latest data show China's economy grew at a slower...

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Retail sales rise slightly, but show consumer weakness

NEW YORK (CNNMoney) Retail sales rose 0.4% in June, the Census Bureau said Monday. That's a slowdown from a 0.6% rise a month earlier, and weaker than expected. A 2.1% gain in car sales was an important driver of the increase. Excluding auto sales,...

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China says GlaxoSmithKline ran huge bribery web

Chinese police have detailed allegations of bribery by GlaxoSmithKline, saying the pharma group used a network of more than 700 firms to transfer funds. LONDON (CNNMoney) The Xinhua news agency, citing Chinese police, said four senior Chinese executives...

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I risked my life to pay off $108,000 in student loans

Thomas McGregor paid off $108,000 in law school student loans in four years by serving in the Army. He was deployed to Iraq and Afghanistan. WASHINGTON (CNNMoney) McGregor graduated in 2008 from the University of St. Thomas law school in Minnesota...

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Stocks drift in early trading

Click for more market data. NEW YORK (CNNMoney) The Dow Jones industrial average added a handful of points, while the S&P 500 and the Nasdaq were flat. The Chinese government said gross domestic product rose by 7.5% in the second quarter,...

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