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Why is United Airlines suing a 22-year-old?

Written By limadu on Selasa, 30 Desember 2014 | 14.44

22-year-old Aktarer Zaman founded Skiplagged.com last year. NEW YORK (CNNMoney) United Airlines (UAL) and Orbitz (OWW) filed a civil lawsuit last month against 22-year-old Aktarer Zaman, who founded the website Skiplagged.com last year. The...
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Newsweek finds Christianity again with its latest cover

NEW YORK (CNNMoney) But religious-themed cover stories have long been a hallmark of the publication, and Jesus, in particular, has been a recurring figure. Before the turn of the century, the magazine explored "2000 Years of Jesus." When Mel...
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Wealthy Russians aren't buying U.S. homes anymore

NEW YORK (CNNMoney) Deep-pocketed Russian buyers have been disappearing since last spring when international sanctions were imposed on Russia. Over the past few years, Russian buyers have been responsible for some of the flashiest purchases in...
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'The Interview': $15 million, 2 million streams

Written By limadu on Senin, 29 Desember 2014 | 14.44

NEW YORK (CNNMoney) Sony Pictures said Sunday that the scandalous Seth Rogen comedy was "rented or purchased online more than 2 million times" between Wednesday, when it was released, and Saturday. The totals do not include Sunday, when Rogen and...
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AirAsia CEO takes to Twitter fast in wake of tragedy

Tony Fernandes, CEO of AirAsia. (CNNMoney) "This is my worse nightmare," CEO Tony Fernandes posted on Twitter as a search and rescue operation was underway. "My only thought(s) are with the (passengers) and my crew. We put our hope in the SAR...
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AirAsia shares slide after plane vanishes

HONG KONG (CNNMoney) Company shares were off by more than 10% in the opening minutes of trading in Malaysia. The search for the missing plane, which lost contact with air traffic controllers early Sunday morning, has resumed in the shallow waters...
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Google fights Marriott's plan to block Wi-Fi hotspots

Written By limadu on Jumat, 26 Desember 2014 | 14.44

NEW YORK (CNNMoney) Marriott (MAR) and the hotel lobby American Hospitality & Lodging Association asked the FCC this summer to allow hotels to deploy equipment that prevents people from turning their phones into Wi-Fi hotspots. In order to...
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Watching 'The Interview' online: absurdly amusing

NEW YORK (CNNMoney) Sony Pictures created an unprecedented event on Wednesday by releasing the controversial comedy on the Internet ahead of its Christmas arrival in theaters. Partly out of patriotic duty, partly out of fan-boy curiosity, I rented...
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For moviegoers, 'patriotic duty' to see 'The Interview'

NEW YORK (CNNMoney) Ever since the movie studio was crippled by a cyberattack on Nov. 24, it has been on the defensive. Last week, after hackers objecting to the content of "The Interview" threatened American moviegoers, Sony (SNE) canceled the movie's...
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10 least affordable rental markets

Written By limadu on Kamis, 25 Desember 2014 | 14.45

A Bronx tale: Rents are high, while incomes are low NEW YORK (CNNMoney) Tenants in the northern-most borough of New York City can expect to pay almost 68% of their income toward rent, with the 2015 fair market rent being $1,904 a month. Buying...
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JetBlue offers to fly police to NYPD funeral

NEW YORK (CNNMoney) The New York-based airline is also working with its partners to have family members of one of the slain officers, Wenjian Liu, flown in from overseas. Liu and a second NYPD officer, Rafael Ramos, were sitting in their patrol...
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Watching 'The Interview' online: absurdly amusing

NEW YORK (CNNMoney) Sony Pictures created an unprecedented event on Wednesday by releasing the controversial comedy on the Internet ahead of its Christmas arrival in theaters. Partly out of patriotic duty, partly out of fan-boy curiosity, I rented...
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Russia debt closer to junk status

Written By limadu on Rabu, 24 Desember 2014 | 14.44

NEW YORK (CNNMoney) The ratings agency said Tuesday the move "stems from what we view as a rapid deterioration of Russia's monetary flexibility and the impact of the weakening economy on its financial system." The ratings agency currently rates...
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Where you can watch 'The Interview'

NEW YORK (CNNMoney) Sony Pictures announced on Tuesday the controversial Seth Rogen comedy will run "in a number of theaters on Christmas Day." Here's a list of the locations that have signed up. (Forgive the incompleteness -- we'll continue to...
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Everybody rallied to pay off this family's $200,000 in debt

The Mason family (pictured here with their grandkids) has received an outpouring of support since a CNNMoney story in July about their $200,000 in student loan debt. NEW YORK (CNNMoney) Steve and Darnelle Mason were stuck with $200,000 in student...
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Israeli bank helped U.S. account holders avoid taxes

Written By limadu on Selasa, 23 Desember 2014 | 14.44

NEW YORK (CNNMoney) As part of a settlement reached on Monday with the U.S. Department of Justice, Bank Leumi Group will pay $270 million in fines. It's the first time an Israeli bank has admitted to this type of criminal activity. The bank put...
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IRS to auction remainder of Darryl Strawberry's Mets salary

Strawberry took home four World Series titles over his 17-year Major League Baseball career. NEW YORK (CNNMoney) The Internal Revenue Service is putting outfielder Darryl Strawberry's retirement annuity on the auction block next month. The...
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A peek into North Korea's Internet

NEW YORK (CNNMoney) For most North Koreans, it's nonexistent. There are only 1,024 known IP addresses in the entire country. The Internet is typically reserved for government officials, a few foreign ambassadors and outside assistance groups, according...
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Uber agrees to temporarily suspend service in Portland

Written By limadu on Jumat, 19 Desember 2014 | 14.45

NEW YORK (CNNMoney) The company said it would stop picking up customers there for three months after the city sued, asking a judge to order Uber to stop operating until it is in compliance with safety, health and consumer protection rules. But...
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Russia crisis hurts these brands the most

LONDON (CNNMoney) A currency crisis and plunging oil prices have slammed the economy and damaged consumer confidence. If oil prices fail to recover, Russian GDP is expected to shrink by almost 5% next year. That's bad news for plenty of Western...
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Avon fined for bribing Chinese officials with Gucci bags

Avon has been fined $135 million by the SEC for allegedly paying bribes to Chinese government officials. HONG KONG (CNNMoney) The SEC alleged that Avon's subsidiary in China doled out $8 million in bribes -- cash, gifts, entertainment, and travel...
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Americans send $2 billion a year to Cuba

Written By limadu on Kamis, 18 Desember 2014 | 14.44

NEW YORK (CNNMoney) Most of it came from Cuban-Americans sending money home to their families. But now, anyone in the U.S. can send up to $8,000 a year to just about anybody in Cuba, as the Obama Administration eases restrictions with the Communist...
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Sony downplays digital 'Interview' possibility

NEW YORK (CNNMoney) Or maybe not. On Wednesday night, after Sony (SNE) canceled the film's planned Christmas Day release of the controversial film, the embattled studio also discouraged speculation that it might release the film digitally. "Sony...
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Judge denies request to release Steve Jobs trial video

HONG KONG (CNNMoney) Jobs's taped deposition was used in a class-action lawsuit, which had been in court for a decade, that argued Apple abused its monopoly power in the music industry. Apple won the suit earlier this week, and won't have to pay damages...
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Jack Ma made $18.5 billion this year

Written By limadu on Rabu, 17 Desember 2014 | 14.44

Thanks, Wall Street. NEW YORK (CNNMoney) Alibaba (BABA, Tech30) founder Jack Ma made more money than anyone this year, increasing his wealth by 173% -- a gain of $18.5 billion -- according to a list of the year's biggest winners and losers, from...
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Google Ventures: less Ubers, more health care

NEW YORK (CNNMoney) Google (GOOG)'s VC investment arm is doubling down on life science and health service startups. This means everything from digitizing primary care (One Medical) to cloud-based genome data (DNA Nexus). It's the first year that...
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The 2014 tax breaks you'll be able to take

Congress waited until the last minute to extend a slew of tax breaks - and a handful will affect individuals directly. NEW YORK (CNNMoney) Congress on Tuesday night extended dozens of expired "temporary" tax breaks for 2014. It took the Senate,...
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Airlines get $1 billion from baggage fees

Written By limadu on Selasa, 16 Desember 2014 | 14.44

Airlines are raking in big bucks from baggage fees. NEW YORK (CNNMoney) All together the 27 U.S. airlines took in a total of $960 million from baggage fees last quarter, according to data released by the Department of Transportation Monday. ...
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Walmart 'layaway 'angel' pays $50k

Angels are real for many shoppers with gifts on layaway this holiday season. NEW YORK (CNNMoney) Stories of anonymous, deep-pocketed patrons paying for customers' layaway items at major retailers are becoming more common as Christmas nears. ...
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Meet the 'accidental American' with a big tax bill

All Americans must file and pay U.S. taxes, no matter where they live or work. HONG KONG (CNNMoney) Meet Elad Shahar, who was born in 1969 to Israeli parents in New York when his father was posted there for work. Anybody born on U.S. soil...
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Russia is buying weapons - a lot of them

Written By limadu on Senin, 15 Desember 2014 | 14.44

LONDON (CNNMoney) Russian defense companies boosted sales by more than 20% last year, driven by demand from the country's military, according to new data from the Stockholm International Peace Research Institute. That compares with a 2% decline...
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Sony lawyer tells media to stop reporting on material stolen by hackers

NEW YORK (CNNMoney) Attorney David Boies said Sunday that the hackers' tactics are part of "an ongoing campaign explicitly seeking to prevent [Sony] from distributing a motion picture." "The perpetrators of the theft have threatened" Sony employees,...
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Petsmart acquired in $8.7 billion deal

PetSmart has agreed to be acquired in a $8.7 billion deal. HONG KONG (CNNMoney) A group of investors led by BC Partners will pay $83 a share for PetSmart (PETM), a 39% premium from the company's stock price before it began exploring a possible...
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Toys 'R' Us 'layaway angels' pay thousands for others' gifts

Written By limadu on Minggu, 14 Desember 2014 | 14.44

NEW YORK (CNNMoney) Two customers at separate Toys 'R' Us stores paid off thousands in debts on layaway items, giving hundreds of customers some extra holiday cheer. One person paid $19,600 at a store in Auburn, Mass., about 47 miles east of...
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