Time is running out for RadioShack

NEW YORK (CNNMoney) The company is saddled with more than 5,000 stores, many of which it can't afford to keep open. Unfortunately for Radio Shack, the company is so cash-strapped that it can't afford to close them, either. Closing stores is an...

23.10 | 0 komentar | Read More

7 top stocks to buy for 2015

NEW YORK To help you find solid stock ideas we asked Motley Fool contributors covering technology and consumer goods stocks to talk about top stocks for 2015. 1. Ashraf Eassa likes Qualcomm: It's hard not to be pleased with the performances of...

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Get ready for a new Greek drama

Polls show the anti-austerity party Syriza could win the most voter support during upcoming elections in Greece. LONDON (CNNMoney) The need for snap elections was triggered Monday after Greece's parliament was unable to secure enough votes to...

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Netflix countdown will help parents fool kids on New Year's Eve

NEW YORK (CNNMoney) While the childless might be popping champagne and staying out late, 87% of parents are planning to celebrate New Year's Eve with their kids, according to a Wakefield Research survey conducted by Netflix. Midnight, however,...

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Prosecco: No longer the 'poor man's Champagne'?

NEW YORK (CNNMoney) Prosecco sales have been booming in recent years, partly due to its affordability. But that's starting to change. Higher-end Proseccos have entered the market, with prices of as high as $160 a bottle -- and, in some cases, these...

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Coming in 2015: Uber and Airbnb IPOs?

NEW YORK (CNNMoney) But 2015 may wind up being an even bigger year for high-profile IPOs. Controversial ride sharing app Uber could be a monstrous hit on Wall Street if the company decides to go public. Bad publicity about drivers, tone-deaf comments...

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Did China pull the plug on Gmail?

Gmail activity has flatlined in China. Is the Great Firewall to blame? NEW YORK (CNNMoney) Gmail traffic in China tumbled to near zero on Dec. 26 and hasn't budged since, according to Google's transparency report. Dyn Research, a group of...

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AirAsia shares slide after plane vanishes

HONG KONG (CNNMoney) Company shares trading in Malaysia closed down nearly 8%, recovering from an early decline of more than 12%. The search for the missing plane, which lost contact with air traffic controllers early Sunday morning, has resumed...

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Smartphone maker you never heard of valued at $45 billion

NEW YORK (CNNMoney) Lenovo? LG? Nokia? Sony (SNE)? No, no, no and no. It's a Chinese company called Xiaomi. If you've never heard of Xiaomi, you will soon. Xiaomi just raised $1.1 billion in funding from some of the tech industry's most powerful...

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Internet icon dies as Yahoo Directory goes dark

NEW YORK (CNNMoney) Yahoo (YHOO, Tech30) plans to shut down Yahoo Directory this week, quietly ending a service that was once the primary way to search for information online. Before it was a search engine, Yahoo started out as "Jerry and David's...

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Vacationing with grandma and grandpa is all the rage

NEW YORK (CNNMoney) Nearly half of all vacations taken by both grandparents and parents include other family members, according to a recent survey by Preferred Hotel Group. And 91% of millennials said they try to take an annual multi-generational...

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Brian Williams renews with NBC for five more years

NEW YORK (CNNMoney) The Los Angeles Times was first to report the contract renewal. In an interview, Williams told The Times that it was akin to "reaffirming your vows." Deborah Turness, the president of NBC News, described it in similar terms:...

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Sony hackers: ask nicely and we'll offer mercy

NEW YORK (CNNMoney) Hackers on Sunday publicly dumped an eighth batch of stolen documents. And now, they're offering an odd deal to Sony Pictures employees: Email us your name, and we won't expose your emails and private data. It's an empty promise,...

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Gas for less than $2 is now widespread

NEW YORK (CNNMoney) After a weekend of price cutting at stations, gas for less than $2 can be found in 13 states across the country. Two weeks ago there was only one gas station in the country selling gas that cheap. Data from price tracker GasBuddy.com...

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Michael Bloomberg: Cities drive innovation

Michael Bloomberg, left, with Chicago Mayor Rahm Emanuel, one of the first five recipients of a Bloomberg Philanthropies grant. NEW YORK (CNNMoney) But in government, there is a tendency to reach immediately for the first available solution,...

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BlackRock exec loses career for dodging fares

The former investment manager repeatedly dodged fares on his way to work in London. LONDON (CNNMoney) A former managing director at BlackRock has been banned from the industry for life by U.K. regulators. His crime: dodging rail fares on his...

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Busiest day of season for FedEx, postal service

NEW YORK (CNNMoney) That means it's extra busy for shippers as well. Monday is the peak shipping day of the season for FedEx (FDX) and the U.S. Postal Service. The post office, which is the nation's largest shipper, expects to process 640 million...

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France wants to ban uberPOP from January 1

Uber is facing a tangle of legal and regulatory challenges around the world. LONDON (CNNMoney) A government spokesman told French TV channels that the service would be barred across the country under new industry laws. However, people will still...

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Oil is the Federal Reserve's 800-pound gorilla

NEW YORK (CNNMoney) The stock market just suffered its worst week in years along with a dramatic drop in oil prices. So investors and economists are now wondering if the Fed will (or should) discuss what impact lower energy prices may have on its...

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10 Sandy Hook families sue Bushmaster

Adam Lanza used this Bushmaster AR-15, model XM15-E2S, to kill students and teachers at Sandy Hook Elementary School in 2012. NEW YORK (CNNMoney) The lawsuit was filed one day after the second anniversary of the killings. Koskoff, Koskoff...

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ReWalk makes miracles possible

NEW YORK (CNNMoney) He likes that his son knows that he's actually tall - 6 foot 3, in fact. Until recently, his 13-year-old had not seen him at his full height. Laureano, now 51, fell off a ladder in 2001 and became a parapalegic confined to a...

23.11 | 0 komentar | Read More

Austerity to shrink U.K. government spending to 1930s levels

Austerity budgets over the next 5 years will reduce government spending as a proportion of GDP to levels last seen in the 1930s. LONDON (CNNMoney) The U.K. government unveiled new budget goals last week that would mean five more years of cuts...

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French Toast Crunch cereal is back

Throwback! The new packaging, left, is an updated version of the 1990s design. NEW YORK (CNNMoney) Now, General Mills has given the sugar-blasted breakfast treat new life, announcing its return to supermarket shelves after an eight-year hiatus....

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Nobody escapes U.S. taxes - even astronauts

Astronauts still have to file their taxes on April 15 every year -- even if they're floating in outer space. HONG KONG (CNNMoney) Yes, that's right. Astronauts are on the hook to file taxes by April 15, even if they're orbiting hundreds of miles...

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Stocks: 3 things to know before the open

LONDON (CNNMoney) Here are three things you need to know before the opening bell rings in New York: 1. Records tumble: The S&P 500 closed up 0.17% at another record level Friday, boosted by news that U.S. employers added 321,000 jobs in November,...

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America: The best place to put your money

NEW YORK (CNNMoney) Not only did U.S. equities trounce their depressing performance from last decade, but they left all other major markets in the dust. Since the end of 2009, the S&P 500 has generated annualized total returns (including...

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How Memphis is lowering crime and reviving neighborhoods

A C Wharton has been the Democratic mayor of Memphis since 2009. NEW YORK (CNNMoney) Here, Memphis Mayor A C Wharton discusses what the grant meant for his city. As mayor of the city of Memphis, it is my responsibility -- and our collective...

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Sony hacked again as PlayStation goes offline

LONDON (CNNMoney) Customers trying to access the PlayStation Store were greeted by a note saying "Page Not Found! It's not you. It's the internet's fault." Hacker group Lizard Squad claimed responsibility for the attack. It posted "PSN Login #offline...

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Army turns soldiers into 3-D avatars

Using 3-D avatars from Body Labs, the Army will design apparel to better fit female soldiers. NEW YORK (CNNMoney) But Manhattan startup Body Labs is up to the task. On Monday, the year-old firm unveiled its plans to work with the U.S. Army...

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Rolling Stone apologizes for rape article: What now?

NEW YORK (CNNMoney) The magazine's editors spent the weekend belatedly fact-checking the article and reviewing what went wrong. "We are taking these matters very seriously," said an editor at the magazine who insisted on anonymity. Some observers...

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