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Missing from Asia's boardrooms? Women

Written By limadu on Senin, 30 September 2013 | 14.44

HONG KONG (CNNMoney) The problem is most acute at the very top of the corporate ladder, where in many cases, women are nowhere to be found. Women occupied only 6% of corporate board seats in Asia in 2011, according to a study conducted by McKinsey....
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China cuts ribbon on free trade zone

China launched its new free-trade zone in Shanghai on Sunday. HONG KONG (CNNMoney) The zone of about 29 square kilometers is an experiment in promoting trade, expanding foreign investment access and liberalizing the financial sector, all of which...
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How the government will shut down

If Congress fails to reach a deal on spending by midnight, the powering down of the government's sprawling business will start on Tuesday morning. NEW YORK (CNNMoney) In fact, the powering down of the government's sprawling business likely won't...
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Wells Fargo: A bargain if you're bullish on housing

Written By limadu on Minggu, 29 September 2013 | 14.44

Wells Fargo has become the leading bank in home mortgages. (Money Magazine) The nation's fourth-largest bank is a powerhouse in mortgages, thanks to the fact it ended up with fewer toxic assets than other big banks, and was able to snap up another...
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ExxonMobil to extend benefits to same-sex couples

ExxonMobil announced Friday it will extend benefits to same-sex couples. NEW YORK (CNNMoney) Beginning Oct. 1, ExxonMobil employees in legal same-sex marriages will be eligible to receive health insurance coverage for their spouses, the oil giant...
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Airbnb wins legal victory in New York City

Users list spaces for rent on Airbnb. NEW YORK (CNNMoney) Airbnb offers a platform for people to rent out their homes or apartments to travelers. New York's Environmental Control Board ruled Thursday that Airbnb user Nigel Warren was permitted...
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Wells Fargo: A bargain if you're bullish on housing

Written By limadu on Sabtu, 28 September 2013 | 14.44

Wells Fargo has become the leading bank in home mortgages. (Money Magazine) The nation's fourth-largest bank is a powerhouse in mortgages, thanks to the fact it ended up with fewer toxic assets than other big banks, and was able to snap up another...
14.44 | 0 komentar | Read More

ExxonMobil to extend benefits to same-sex couples

ExxonMobil announced Friday it will extend benefits to same-sex couples. NEW YORK (CNNMoney) Beginning Oct. 1, ExxonMobil employees in legal same-sex marriages will be eligible to receive health insurance coverage for their spouses, the oil giant...
14.44 | 1 komentar | Read More

Airbnb wins legal victory in New York City

Users list spaces for rent on Airbnb. NEW YORK (CNNMoney) Airbnb offers a platform for people to rent out their homes or apartments to travelers. New York's Environmental Control Board ruled Thursday that Airbnb user Nigel Warren was permitted...
14.44 | 0 komentar | Read More

The best (and worst) crash avoidance technologies

Written By limadu on Jumat, 27 September 2013 | 14.44

The Insurance Institute for Highway Safety used a target made from inflatable tubes and vinyl sheets to test which collision avoidance systems best reduced impacts. NEW YORK (CNNMoney) Crash statistics show that these systems really do reduce car...
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Many same-sex couples eligible for big tax refunds

Married same-sex couples can amend their tax returns and claim refunds for the past three years. NEW YORK (CNNMoney) The Defense of Marriage Act, or DOMA, defined marriage as between a man and a woman, which meant married same-sex couples had to...
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Breaking Bad economy: How Walt made $80 million

The $80 million profit Walt turned by selling meth for just one year is a very realistic sum for a true-life drug kingpin. NEW YORK (CNNMoney) It's not until the last season of Breaking Bad that viewers learn just how much cash their favorite meth-making...
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JPMorgan in talks to settle mortgage probes for $11 billion

Written By limadu on Kamis, 26 September 2013 | 14.44

JPMorgan has faced a cascade of legal problems in the last few months. NEW YORK (CNNMoney) The proposed deal would include $7 billion in penalties and $4 billion in consumer relief of some kind, according to the source, who was not authorized to...
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Hertz now renting Tesla Model S cars in California

NEW YORK (CNNMoney) Hertz (HTZ, Fortune 500) announced Wednesday that it was adding Tesla's (TSLA) signature model to its rental fleet as part of its "Dream Cars" line, which also offers high-end rentals from companies like Ferrari and Aston Martin....
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Early Twitter employees to miss out on millions

NEW YORK (CNNMoney) But not all members of Twitter's founding team will cash in. Like many Silicon Valley startups in their infancy, Twitter's original team changed quickly. Ideas evolved, and some of the people who played an integral part in the...
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China stocks rebound as economy improves

Written By limadu on Rabu, 25 September 2013 | 14.44

HONG KONG (CNNMoney) Whether the rally can continue through the end of the year may depend on big policy decisions expected in November. For much of the first half of the year, China's main indexes took a beating as investor appetite soured over...
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China lifts Facebook ban ... a bit - report

China could soon allow access to Facebook in a new free trade zone. NEW YORK (CNNMoney) According to the South China Morning Post, the Chinese government has decided to lift a ban on foreign websites deemed politically sensitive, albeit only within...
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What killed BlackBerry: Terrible apps

It's too late for BlackBerry to change its fortunes now, but looking back, its approach to apps doomed it from the start. NEW YORK (CNNMoney) The sorry state of the BlackBerry App World is one of the primary contributing factors to BlackBerry's...
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Microsoft Surface 2: Hardly an afterthought

Written By limadu on Selasa, 24 September 2013 | 14.44

NEW YORK (CNNMoney) Instead, Microsoft (MSFT, Fortune 500) is pushing the Surface 2 with as much vigor as ever. Last year's Surface existed in a no man's land -- slightly too big to truly appeal as a tablet, slightly too underpowered to function...
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Chrysler files for IPO

NEW YORK (CNNMoney) The shares being sold in the proposed offering come from the stake of a trust established to cover medical benefits for retired workers that now owns 41.5% of the company. The trust was set up in 2007 as a way of reducing Chrysler's...
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Wonder Bread returns to shelves

The wait is over. NEW YORK (CNNMoney) The iconic bread brand returned to store shelves Monday, said Flowers Foods (FLO), the company that snatched it up earlier this year along with most of the other breads from the now-defunct Hostess for $360...
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BlackBerry slashes staff, warns of $1 billion loss

Written By limadu on Minggu, 22 September 2013 | 14.44

Click the chart to track shares of BlackBerry. NEW YORK (CNNMoney) Shares of BlackBerry (BBRY) were halted at about 3:30 p.m. ET and plunged 20% when trading resumed. For the day they closed down 17%. BlackBerry's stock is down 26.5% this year....
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Target to reduce 2013 holiday hiring

A Target store in Daly City, Calif. advertises for employment. NEW YORK (CNNMoney) The discount store chain said Friday that it plans to hire about 70,000 temporary workers this year, down from 88,000 a year ago. Target said it planned to offer...
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Father and son charged in $6.5 million deathbed bond scam

The SEC says the two men "exploited the tragic circumstances surrounding a terminally ill diagnosis and turned the misfortune of others into a profit-making enterprise for themselves." NEW YORK (CNNMoney) The dying people were accessories to a...
14.44 | 0 komentar | Read More

BlackBerry slashes staff, warns of $1 billion loss

Written By limadu on Sabtu, 21 September 2013 | 14.44

Click the chart to track shares of BlackBerry. NEW YORK (CNNMoney) Shares of BlackBerry (BBRY) were halted at about 3:30 p.m. ET and plunged 20% when trading resumed. For the day they closed down 17%. BlackBerry's stock is down 26.5% this year....
14.44 | 0 komentar | Read More

Target to reduce 2013 holiday hiring

A Target store in Daly City, Calif. advertises for employment. NEW YORK (CNNMoney) The discount store chain said Friday that it plans to hire about 70,000 temporary workers this year, down from 88,000 a year ago. Target said it planned to offer...
14.44 | 0 komentar | Read More

Father and son charged in $6.5 million deathbed bond scam

The SEC says the two men "exploited the tragic circumstances surrounding a terminally ill diagnosis and turned the misfortune of others into a profit-making enterprise for themselves." NEW YORK (CNNMoney) The dying people were accessories to a...
14.44 | 0 komentar | Read More

Hedge fund head: Microsoft will beat Apple

Written By limadu on Rabu, 18 September 2013 | 14.44

Hedge fund manager Jeff Ubben is thought to be a driving force behind the recent shakeups at Microsoft. And he says the company is better than Apple. NEW YORK (CNNMoney) Jeffrey Ubben of ValueAct made the comments at the Value Investing Conference...
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