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CNN: Business
From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
Updated: 24 min 19 sec ago
Northwest to pay $38 million cargo price-fixing fine
Northwest Airlines will plead guilty and pay a $38 million fine for conspiring to fix cargo rates, the Justice Department announced Friday.
Categories: NEWS: Business and Financial
Face Off: Test-driving Gillette's new razor
General Motors' legendary CEO Alfred P. Sloan invented the annual styling change when he ordered a new body for the 1923 Chevrolet to cover up the car's nine-year-old technology. The new design made the old model feel out-of-date and was the first step in GM's drive to pass Ford Motor and its unchanging Model T to become the largest automobile company in the world.
Categories: NEWS: Business and Financial
China says it tops Japan as No. 2 economy
China has surpassed Japan to become the world's second largest economy, lagging only behind the United States, a Chinese government official said in remarks published on Friday.
Categories: NEWS: Business and Financial
Worst job on Earth: BP calling all applicants
It could quite possibly be called the worst job on Earth -- and the position is open.
Categories: NEWS: Business and Financial
GM to boost Chevy Volt production
General Motors announced Friday that the automaker has raised its planned production of the Chevrolet Volt electric car to 45,000 in 2012.
Categories: NEWS: Business and Financial
Stocks slide toward the close
Stocks headed lower Friday, after languishing for most of the day, as investors weighed mixed reports on U.S. economic growth, consumer confidence and regional manufacturing activity.
Categories: NEWS: Business and Financial
Bulls tiptoe into homebuilder stocks
It takes a lot of courage to be a bull on homebuilder stocks these days. They exist, for sure. And they aren't on mind-bending drugs. In fact, they see the world much as the housing stock bears do. You won't find any uplifting messages in their reports on the economy and housing.
Categories: NEWS: Business and Financial
Recovery spin wars: White House vs. business
The Obama administration gave a positive spin to second-quarter economic numbers released Friday, with the administration's chief economist saying they show a "steady recovery from the recession continues."
Categories: NEWS: Business and Financial
U.S. recovery sputters
The U.S. economy continued to grow during the second quarter, the government reported Friday. But the pace slowed more than economists were expecting, raising concern about growth - or even another recession - in the months ahead.
Categories: NEWS: Business and Financial
Consumers not spending like drunken sailors
The economy is heading nowhere fast. That's the bad news. But the good news is that it still seems like consumers may have actually learned a lesson or two about reckless fiscal behavior.
Categories: NEWS: Business and Financial
States go deeper into debt
The states are broke, and like many consumers, they're borrowing big time to get out of their fiscal binds.
Categories: NEWS: Business and Financial
Let's fund every entrepreneur
There was a great conversation Thursday at Y Combinator's AngelConf in Silicon Valley. Anthony Ha of Venturebeat had a couple posts on it that I just read, one on Paul Graham's comments, and another on Ron Conway and Mike Arrington's comments. I would have enjoyed being part of that discussion, so I'll join in now.
Categories: NEWS: Business and Financial
Why spend $300 a night for a hotel?
Book a hotel in a popular destination and you know what to expect: a bed, a mini-fridge, and a big bill at checkout. In Europe's big cities, for example, you can easily spend anywhere from $150 to $300 a night (hotels in Florence average $205).
Categories: NEWS: Business and Financial
Why a flounder gigger's suit against BP is one to watch
Although it's probably not BP's top priority at the moment, an ominous lawsuit was filed against it last month in state court in Mobile, Alabama, by a man named Obie F. Carlisle.
Categories: NEWS: Business and Financial
SEC charges billionaire brothers with fraud
Two billionaire brothers face federal fraud charges for selling stock in companies which they helped oversee and then trying to conceal some $550 million in gains.
Categories: NEWS: Business and Financial
Disney sells Miramax for $660 million
The Walt Disney Company said Friday it has agreed to sell Miramax Films for around $660 million to an investor group.
Categories: NEWS: Business and Financial
Pay gap persists for African-Americans
African-American workers continue to earn far less than whites, according to statistics released by the U.S. Census Bureau.
Categories: NEWS: Business and Financial
Stocks headed for early selloff
U.S. stocks were headed toward an early selloff Friday, following a weaker-than-expected reading on second-quarter economic growth.
Categories: NEWS: Business and Financial
How Amway weathered the storm, one sale at a time
Don't be fooled into thinking that direct sales are a thing of the past just because you haven't seen a pink Mary Kay Cadillac in a while. Amway is not only still alive and well, it's actually growing, even as many retailers continue to struggle.
Categories: NEWS: Business and Financial
BP's Hayward: 'I became a villain for doing the right thing'
Outgoing BP chief executive Tony Hayward is defending his leadership of the company in the aftermath of the oil rig explosion that killed 11 workers and led to the worst offshore spill in U.S. history.
Categories: NEWS: Business and Financial
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