Merrill agrees to $160M racial bias settlement

Merrill Lynch has agreed to pay $160 to settle an employment discrimination class action suit, according to the plaintiff's attorneys. NEW YORK (CNNMoney) The settlement, one of the largest ever in an employment discrimination case, would set up...

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Nintendo unveils new '2DS' and cuts Wii U prices

By unveiling the 2DS and cutting Wii prices, Nintendo is shaking things up ahead of a looming holiday battle with Sony and Microsoft NEW YORK (CNNMoney) As the name implies, the Nintendo (NTDOF) 2DS strips out the novel, but not quite essential...

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San Bernardino bankruptcy gets green light

San Bernardino's bankruptcy case can continue after a court ruling Wednesday. NEW YORK (CNNMoney) It's a ruling that could affect the nation's largest municipal bankruptcy case in Detroit and open the door to cuts to other public-sector pension...

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Busting the 5 myths of college costs

Much of the playbook for taking on the $40,000 average sticker price of a private school is out-of-date or just plain wrong. (Money Magazine) So you figure you've got this college thing under control. Not quite. Those expensive schools you ruled...

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GM to return to Super Bowl advertising in 2014

GM's most recent Super Bowl ad, from 2012, for the Chevrolet Silverado. NEW YORK (CNNMoney) The automaker said Friday it was planning to advertise in the upcoming game to promote a fleet of new Chevrolet models. Chevy is introducing a dozen new...

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Fed warned of global risks to tapering

Jackson Hole, Wyo. (CNNMoney) But the question is: Should the Fed really care? That's the focus of much debate at a gathering of central bankers and economists in Jackson Hole, Wyo., Saturday. While the Fed was trying to save the U.S. economy...

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Steve Ballmer's leaving. Now what?

NEW YORK (CNNMoney) The outgoing Microsoft CEO repeatedly failed to anticipate where the consumer technology market was headed or figure out how Microsoft (MSFT, Fortune 500) could innovate in important areas. That's not to say that Ballmer's tenure...

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Busting the 5 myths of college costs

Much of the playbook for taking on the $40,000 average sticker price of a private school is out-of-date or just plain wrong. (Money Magazine) So you figure you've got this college thing under control. Not quite. Those expensive schools you ruled...

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GM to return to Super Bowl advertising in 2014

GM's most recent Super Bowl ad, from 2012, for the Chevrolet Silverado. NEW YORK (CNNMoney) The automaker said Friday it was planning to advertise in the upcoming game to promote a fleet of new Chevrolet models. Chevy is introducing a dozen new...

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Transgender and struggling to pay medical costs

Convicted WikiLeaks source Bradley Manning says he wants to undergo hormone therapy while in prison. NEW YORK (CNNMoney) But even outside of prison walls, getting this kind of medical help is often a struggle. In the corporate world, only 42%...

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Icahn turns up the heat on Apple stock buyback

Carl Icahn tweeted again on Thursday about pushing Apple to increase its stock buyback, and he claims CEO Tim Cook is on board with the idea. NEW YORK (CNNMoney) The activist investor said the pair plans to have dinner in September, and that Cook...

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Fat fingers in Shanghai shake investor confidence

HONG KONG (CNNMoney) The trades, which included more than 23 billion yuan in mistaken buy orders, have been traced to state-backed brokerage firm China Everbright Securities. The company's president resigned on Thursday, regulators have opened...

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Yahoo beats Google in traffic for first time since 2011

Marissa Mayer has said she wants the company to focus on consumers' "daily habits" in order to make products that will become a part of users' routines. NEW YORK (CNNMoney) For the first time in more than two years, Yahoo sites were the most visited...

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China factory data points to stabilizing economy

Factory activity in China appears to have picked up in August, according to an initial report from HSBC. HONG KONG (CNNMoney) HSBC said Thursday that its "flash" index of manufacturing purchasing managers' sentiment rose to 50.1 in August, the...

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Everbright Securities president booted after fat-finger trades

China Everbright Securities president Xu Haoming has resigned. HONG KONG (CNNMoney) The company said in a filing with the Shanghai Stock Exchange that its board has accepted the resignation of president Xu Haoming. He will be replaced on an interim...

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Should a sole proprietor open a 401(k)?

NEW YORK (Money Magazine) That depends mostly on how much you make and how much you want to save. Is your self-employment income less than roughly a quarter million? You can probably put more into the solo 401(k) -- a retirement plan for a one-person...

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Mark Zuckerberg's big idea: The 'next 5 billion' people

NEW YORK (CNNMoney) That's the idea behind a new campaign, internet.org, led by Facebook founder Mark Zuckerberg. "We want to make it so that anyone, anywhere -- a child growing up in rural India who never had a computer -- can go to a store, get...

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Families scramble to pay for college

A record 69% of families say they've started saving for college, a new Fidelity survey finds. NEW YORK (CNNMoney) A record 69% of families say they've started saving for college, according to a Fidelity survey released Wednesday of more than 2,000...

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Japan won't give up CD obsession

CD sales in Japan remain strong despite digital alternatives. HONG KONG (CNNMoney) While nearly every other country seems to be gradually giving up on CDs, the Japanese remain devoted to the compact disc. The Japanese spent more money on CDs...

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Everbright shares tank after trading blunders

HONG KONG (CNNMoney) The 10% decline is the maximum daily limit allowed on the Shanghai Stock Exchange. Regulators have identified Everbright as the source of last week's sudden 6% spike in the benchmark Shanghai Composite Index. The jump, which...

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China is Apple's land of iPhone opportunity

The iPhone doesn't even crack the top five smartphone list in China, but a cheaper model could help Apple break into the fast-growing market. NEW YORK (CNNMoney) The iPhone is currently in seventh place in China, according to research firm Canalys....

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JPMorgan hiring in China being investigated

The Securities and Exchange Commission is looking into hiring practices in JPMorgan's office in China. NEW YORK (CNNMoney) The bank made a passing reference to a Securities and Exchange Commission investigation in its quarterly filing earlier this...

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Ferrari sells for record $27.5 million

Monterey, Calif. (CNNMoney) The car sold Saturday was a Ferrari 275 GTB/4 NART Spider. Powered by a 300-horsepower V12, this Ferrari is one of only ten such cars ever made. The buyer's identity was not revealed. The Italian supercar-maker's U.S....

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China probes 'fat finger' trade

HONG KONG (CNNMoney) Analysts were puzzled by unusual market activity around mid-day on Friday, when the benchmark Shanghai Composite jumped 6% in just a few minutes. When no obvious explanation for the sudden move was found, many observers speculated...

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Trick yourself into boosting 401(k) contributions

Employees who got income forecasts and changed their contributions set aside $1,150 a year more than did those who didn't get a pamphlet. (Money Magazine) That's the takeaway from a recent study in which workers received brochures showing how raising...

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Facebook testing one-click checkout for mobile shopping

Facebook's new program automatically fills in the billing form for users buying products on partners' mobile apps. NEW YORK (CNNMoney) Facebook said Thursday that it will launch an experimental program that allows users to store their credit card...

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China adds fewer millionaires as economy slows

HONG KONG (CNNMoney) The number of new Chinese millionaires grew by only 3% in 2012, the slowest pace in five years, according to a new report from Hurun Research Institute and marketing firm GroupM Knowledge. Just more than 1 million Chinese are...

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Get (nearly) free 401(k) advice at work

If you have complicated finances, ask if your company's plan provider offers managed accounts. (Money Magazine) Three-quarters of 401(k) plans offer some form of help, from target-date funds and online tools to managed accounts. And taking advantage...

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BlackBerry is running out of options

BlackBerry's board of directors is considering 'strategic alternatives' to save the company. But at this point, BlackBerry is simply running out of viable options. NEW YORK (CNNMoney) The long-delayed Blackberry 10 operating system was meant to...

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China offers big risk, bigger reward

Jason Misium discusses the merits of a Western-style education with Chinese parents. HONG KONG (CNNMoney) Six months later, his tutoring service was offering Chinese students a "Western-style" education but the process of getting started was typical...

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