One property insurance claim can hike your premiums by hundreds

NEW YORK (CNNMoney) On average, filing a single claim -- for anything ranging from a stolen bicycle to tornado damage -- will result in your monthly premium being raised by 9%, according to a report released by InsuranceQuotes.com. File a second...

23.11 | 0 komentar | Read More

Moody's downgrades Russia's debt

NEW YORK (CNNMoney) Moody's downgraded the country's debt by one notch Friday, citing the ongoing conflict in Ukraine, capital flight and falling oil prices. The debt rating is now Baa2, just two notches above "junk" status. Ongoing tensions with...

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Nightmare on Wall Street: Is it over?

NEW YORK (CNNMoney) Frightening plot twists like plunging oil prices and the Ebola outbreak teamed up with ghosts from the past (Greece, deflation jitters in Europe) to create a toxic mix of market scares. Last week even featured a few quasi-heroes...

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Audi driverless car hits 140 mph

NEW YORK (CNNMoney) The RS7 Piloted Driving Concept successfully lapped the Hockenheimring racetrack in Germany at high speeds using only computers and sensors to guide it, Audi said. Audi and other automakers have previously shown off automated...

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Debt-laden 'zombie' firms threaten China's economy

HONG KONG (CNNMoney) After expanding at a lightning-fast rate, China's corporate debt market is now the world's largest at $14.2 trillion, according to Standard and Poor's. Experts worry that too many of the loans have gone to underperforming...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the four things you need to know before the opening bell rings in New York: 1. Stock market moves: U.S. stock futures are all edging up Monday, but this follows a dramatic...

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IBM shares down after it dumps chip unit, posts disappointing earnings

NEW YORK (CNNMoney) IBM shares were sharply lower after the company dumped its chip unit at a loss and said it was disappointed with its earnings. The computing company, a component of the Dow Jones industrial average, will take a $4.7 billion...

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Russia's crusade to banish McDonald's

Nine McDonald's restaurants in Russia have been shuttered by government officials. LONDON (CNNMoney) Officials are continuing their crackdown on McDonald's (MCD) by forcing the closure of nine restaurants and investigating roughly half of the...

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How to make $2.7 billion in a week

High Point, N.C., generates billions in revenue each year by hosting two furniture markets. NEW YORK (CNNMoney) Twice a year, anyone who's anyone in furniture manufacturing and home goods gathers in North Carolina for the High Point Furniture...

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Porsche rents Sistine Chapel for Pope's charity

The Sistine Chapel hosted a corporate event for the first time in its history. LONDON (CNNMoney) For the first time ever, the Apostolic Palace in the Vatican -- the world's most celebrated example of Renaissance art for half a century -- can...

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Stocks: 5 things to know before the open

HONG KONG (CNNMoney) Here are five things you need to know before the opening bell rings in New York: 1. More pain to come? The Dow suffered its worst drop of the year last week and ended 2.7% lower. Tech stocks were particularly hard hit. U.S....

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J.C. Penney names new CEO

NEW YORK (CNNMoney) The department store chain said Monday that Marvin Ellison, a long-time Home Depot (HD) executive, will take over the top job, replacing its current CEO Mike Ullman on August 1, 2015. Ellison, who will join the company's board...

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Elizabeth Warren: Obama's economic team chose Wall Street over 'families'

Elizabeth Warren has plenty to say about how consumers are getting a raw deal in the economy in a new interview in Salon. NEW YORK (CNNMoney) In an interview in Salon, Warren, who has said she doesn't plan to seek the 2016 presidential nomination,...

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Inside the head of Apple's top designer

NEW YORK (CNNMoney) Apple's design chief talked about how he works in a recent interview with Vogue, offering his thoughts about the late Steve Jobs, the creative process and the planned 2015 release of the company's first wearable device, the Apple...

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Can this app cure loneliness?

Entrepreneur Sam Feuer's app Smacktive is a social networking app focused on activities. NEW YORK (CNNMoney) Smacktive, which launched out of beta on Monday, could help remedy loneliness -- and counter another epidemic while it's at it: obesity....

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It pays to be a dad

NEW YORK (CNNMoney) Men with children earned 40% more than their childless counterparts in 2010, according to a new study by The Graduate Center, City University of New York. And they made nearly twice as much as mothers. Dads had a median salary...

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French economist wins Nobel for tackling monopolies

French economist Jean Tirole has spent 30 years studying how a small number of large firms can dominate markets -- and how governments should respond. LONDON (CNNMoney) Tirole, a former MIT student, is head of economics at Toulouse University,...

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Can't do math? Dance it out

NEW YORK (CNNMoney) Parental encouragement; "It may be challenging now, but you'll thank me when you run a bank/ build a city/ cure cancer/ go into space," fell on deaf ears. When you're 16, you figure you'll be a huge success with or without geometry....

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AT&T wants you to design your own Internet fast lane

AT&T says its plan is "entirely in keeping with the Internet's history and structure." NEW YORK (CNNMoney) With regulators still working to craft rules on net neutrality, the telecom giant has sent a proposal to the Federal Communications...

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Chrysler finally returns to U.S. stock market

NEW YORK (CNNMoney) Shares of Fiat Chrysler began trading on the NYSE Monday under the ticker symbol FCAU. Fiat Chrysler opened at $9 and quickly moved as high as $9.55 before pulling back a bit. Chrysler hasn't been publicly traded in the United...

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Female Nascar engineer makes science cool

NEW YORK (CNNMoney) These drivers come from varied backgrounds and have different styles behind the wheel, but they have one thing in common: They all share the same lead engineer. Alba Colon, the daughter of a doctor and a teacher, grew up in...

23.10 | 0 komentar | Read More

Waldorf Astoria sold to Chinese company for $1.95 billion

The Waldorf Astoria has been a symbol of luxury for decades. NEW YORK (CNNMoney) Conrad N. Hilton acquired the iconic luxury hotel 65 years ago and on Monday Hilton Worldwide (HLT) announced its sale to Anbang Insurance Group. Hilton will continue...

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Now at Wal-Mart: Health insurance advice for customers

NEW YORK (CNNMoney) The firm, DirectHealth.com, will have agents in 2,700 Walmart stores to help answer customers' questions about plans and enroll them either online or by phone. "For years, our customers have told us that there is too much...

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Why I quit Wall Street to open a restaurant

Former hedge fund trader Jon Schiff, left, with his cousin and chef, Gabe Lava. NEW YORK (CNNMoney) The 34 year-old quit his high pressure finance job on a Monday. By Wednesday, he was living on an organic farm in rural Illinois, baling hay and...

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AIG trial puts Geithner, Bernanke and Paulson on hot seat

Timothy Geithner, Hank Paulson and Ben Bernake will testify in a lawsuit charging that the $182 billion bailout that saved AIG was unfair to its shareholders. NEW YORK (CNNMoney) But former CEO Hank Greenberg has a different beef. He argues that...

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HP to split into two companies

NEW YORK (CNNMoney) HP (HPQ, Tech30) announced Monday that it plans to put its PC and printer operations under one roof under the name HP Inc., and its business that provides software and services to corporate customers under another under the name...

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Disney bails out its European theme park

LONDON (CNNMoney) For the second time in three years, Walt Disney (DIS) has been forced to ride to the rescue of Disneyland Paris -- this time by leading a billion euro ($1.25 billion) refinancing of park operator Euro Disney. Since opening in...

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NBA renews television deals with ESPN, TNT

Thanks to the new TV deal, players like LeBron James may be making more money. NEW YORK (CNNMoney) On Monday, the league renewed its partnerships with the Disney-owned ESPN and the Time Warner-owned TNT networks well into the next decade, once...

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The Donald wins. Trump name coming off casino

In Atlantic City, Trump Plaza Casino's facade - or what remains of it - is coming down. NEW YORK (CNNMoney) "We have a very high standard and they didn't meet it," Donald Trump said, in an interview to CNNMoney. "We essentially won the suit."...

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Breaking up is the latest Wall Street craze

NEW YORK (CNNMoney) Hewlett-Packard's decision to split into two companies is just the latest in a series of corporate breakups. Ironically enough, the last company that HP (HPQ, Tech30) CEO Meg Whitman led, eBay (EBAY, Tech30), disclosed plans...

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