Incomes bounce back in February

NEW YORK (CNNMoney) Personal incomes rose 1.1% in February, while spending rose 0.7%, the Commerce Department said. Both figures were larger than expected. Economists were expecting a 0.8% rise in incomes and a 0.6% gain in spending, according...

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Fortune Brainstorm Podcast: Lena Dunham

NEW YORK (Fortune) Fortune wants to make it even easier for you to eavesdrop. The weekly Fortune Brainstorm podcast features recorded conversations from Fortune's live events. In this week's installment, actor and writer Lena Dunham -- creator...

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Feds turn up heat on hedge-fund mogul Steven Cohen

Steven Cohen of SAC Capital. NEW YORK (CNNMoney) Michael Steinberg, apprehended in Manhattan on Friday morning, is one of at least seven current or former SAC Capital employees to be charged in insider-trading cases over the past few years. ...

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Incomes bounce back in February

NEW YORK (CNNMoney) Personal incomes rose 1.1% in February, while spending rose 0.7%, the Commerce Department said. Both figures were larger than expected. Economists were expecting a 0.8% rise in incomes and a 0.6% gain in spending, according...

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Fortune Brainstorm Podcast: Lena Dunham

NEW YORK (Fortune) Fortune wants to make it even easier for you to eavesdrop. The weekly Fortune Brainstorm podcast features recorded conversations from Fortune's live events. In this week's installment, actor and writer Lena Dunham -- creator...

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Feds turn up heat on hedge-fund mogul Steven Cohen

Steven Cohen of SAC Capital. NEW YORK (CNNMoney) Michael Steinberg, apprehended in Manhattan on Friday morning, is one of at least seven current or former SAC Capital employees to be charged in insider-trading cases over the past few years. ...

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Facebook's Mark Zuckerberg faces $1 billion tax bill

Facebook's IPO made founder Mark Zuckerberg a billionaire -- but left him with a tax bill likely to top $1 billion. NEW YORK (CNNMoney) Zuckerberg's whopping tax hit stems from his move last May to increase his stake in Facebook. On the day of...

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Defense cuts furloughs to 14 days, from 22

The Pentagon announced fewer furlough days for civilian workers on Thursday. WASHINGTON (CNNMoney) Defense Secretary Chuck Hagel announced Thursday that the agency has been able to cut back on unpaid work days for its civilian workers because Congress...

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Sprint, SoftBank vow to drop Huawei equipment

HONG KONG (CNNMoney) Softbank is seeking to buy 70% of Sprint for $20 billion, but must win the approval of regulators and agencies that have become increasingly wary of Chinese suppliers. Rep. Mike Rogers, chairman of the House Intelligence Committee,...

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BlackBerry preview: Don't expect clarity on Z10 sales

NEW YORK (CNNMoney) The name change, announced during the January launch of the long-delayed BlackBerry 10 operating system, is meant to signal a new era for BlackBerry. But this quarter won't tell much about BlackBerry 10's success or failure. The...

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Cyprus banks to reopen with strict cash limits

Cypriots, angered by the terms of the EU bailout, will get to take money out of their banks again Thursday. LONDON (CNNMoney) For the first time since the euro was launched on Jan 1, 1999, a member country will restrict how much money individuals...

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Bankruptcy judge OKs American-US Airways merger

American Airline planes are seen at the Miami International Airport on February 7, 2013 in Miami, Florida. NEW YORK (CNNMoney) US Airways and American Airlines announced plans last month to join forces in an $11 billion deal to create the world's...

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Iconic Jeep Cherokee's controversial return

NEW YORK (CNNMoney) The new Cherokee will be available with two engine choices: a 184 horsepower 2.4-liter 4-cylinder engine or a 271 horsepower 3.2-liter V6. Either engine will come with a nine-speed automatic transmission. Also available will...

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Chevrolet SS: V8-power at New York Auto Show

The Chevrolet SS is Chevrolet's first rear-wheel-drive sedan since 1996. NEW YORK (CNNMoney) The car isn't going to sell in huge numbers, according to GM. This car is mostly about image-building and excitement. It will appeal to a core group of...

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Agency sacks employees over Ford art depicting tied-up women

HONG KONG (CNNMoney) The cartoonish drawings, produced by WPP unit JWT, were never part of a paid campaign. But they have struck a nerve as India institutes new rules to protect women following a series of high-profile gang rapes. One of the images...

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Florida Gulf Coast apparel sales soar on NCAA success

Florida Gulf Coast fans cheer on the team's win in its Friday game against Georgetown. NEW YORK (CNNMoney) Sales at the school's on campus book store shot up 1,000% on Saturday, the day after its upset win versus Georgetown, compared to a year...

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Tesla shares jump following Elon Musk tweet

Click the chart for more info. NEW YORK (CNNMoney) Tesla (TSLA) shares jumped Monday afternoon after Elon Musk, CEO of the electric-car maker, tweeted that there was a "Really exciting @TeslaMotors announcement coming on Thursday." "Am going...

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Cyprus banks to stay shut after bailout

LONDON (CNNMoney) Cyprus agreed early Monday to raise billions of euros from big depositors at the Bank of Cyprus and Popular Bank of Cyprus, and to shrink its banking sector dramatically, in return for a €10 billion European Union rescue package....

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Cyprus endgame: What happens if its banks collapse?

A banking collapse would likely lead to Cyprus' exit from the eurozone. The ramifications of that are unknown. LONDON (CNNMoney) The European Union wants the beleaguered country to find nearly €6 billion to add to a €10 billion bailout program...

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Stocks: Eyes on Cyprus

Click the chart for more stock market data. NEW YORK (CNNMoney) Investors are likely to view the agreement as a positive step, and Asian markets gained after details of the deal were released. The new bailout program includes deep restructuring...

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EU approves new bailout deal for Cyprus

Deal struck in the early hours Monday will shrink Cyprus' financial industry and clear way for bailout the country desperately needs. LONDON (CNNMoney) The deal with the EU was struck early Monday after days of frantic negotiations that followed...

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Google Keep is a note-taking app with great potential

Google Keep has a lot of potential. NEW YORK (CNNMoney) Before the arrival of Keep, which Google launched this week, there was no default note-taking app for Android. It was a glaring hole, considering that Apple's (AAPL, Fortune 500) iPhone has...

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Cyprus endgame: What happens if its banks collapse?

A banking collapse would likely lead to Cyprus' exit from the eurozone. The ramifications of that are unknown. LONDON (CNNMoney) The European Union wants the beleaguered country to find nearly €6 billion to add to a €10 billion bailout program...

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Cyprus bailout: Bank tax plan still unresolved

LONDON (CNNMoney) The tiny island nation needs to find a way to raise nearly €6 billion to satisfy the conditions of a €10 billion EU rescue or face economic meltdown when banks reopen Tuesday after a 10-day hiatus. Late Friday, after a long debate,...

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Fortune Brainstorm podcast: Sheryl Sandberg

NEW YORK (Fortune) Fortune wants to make it even easier for you to eavesdrop. The Fortune Brainstorm podcast is a weekly show that features recorded conversations from Fortune's live events. In this week's installment, Facebook's (FB) Sheryl Sandberg...

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Google Keep is a note-taking app with great potential

Google Keep has a lot of potential. NEW YORK (CNNMoney) Before the arrival of Keep, which Google launched this week, there was no default note-taking app for Android. It was a glaring hole, considering that Apple's (AAPL, Fortune 500) iPhone has...

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Cyprus moves closer to bailout

LONDON (CNNMoney) The tiny island nation needs to find a way to raise nearly €6 billion to satisfy the conditions of a €10 billion EU rescue or face economic meltdown when banks reopen Tuesday after a 10-day hiatus. Lawmakers passed bills to create...

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Rajaratnam's brother faces insider trading charges

Raj Rajaratnam, Rengan's older brother, leaves court after he was sentenced to 11 years in jail in October 2011. NEW YORK (CNNMoney) Federal officials announced Thursday that Rajaratnam, 42, has been charged with insider trading in connection with...

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Saturday mail delivery should stay - U.S.

The U.S. Postal Service must deliver the mail six days a week. WASHINGTON (CNNMoney) The legal opinion from the nonpartisan agency throws new questions on the Postmaster General Patrick Donahoe's plans to stop delivering first-class mail, but keep...

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Google's Eric Schmidt makes rare visit to Myanmar

Eric Schmidt is making a visit to Myanmar, one of the world's largest untapped tech markets. HONG KONG (CNNMoney) The country, emerging from decades of military rule and harsh international sanctions, is one of the world's largest untapped markets...

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Federal Reserve sees slow recovery for years to come

Federal Reserve Chairman Ben Bernanke said he has "great concern for the unemployed." NEW YORK (CNNMoney) The Fed expects the U.S. economy to grow between 2.3% and 2.8% this year, slightly weaker than its prior estimate. Meanwhile, the central...

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