When will Alibaba go public? Ask a fortune teller

Jack Ma is taking Alibaba public in what could be the biggest IPO in U.S. history. HONG KONG (CNNMoney) Just one big question remains: What date will co-founder Jack Ma choose for Alibaba's market debut? This is no small matter -- especially...

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Obama's pick to fix veterans affairs tried to fix Procter & Gamble, too

Bob McDonald, a former CEO of Procter & Gamble, is President Obama's nominee for Veterans Affairs secretary. NEW YORK (CNNMoney) Bob McDonald has been in the hot seat before. He took the helm of global consumer products giant Procter &...

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Internet outraged by Facebook's 'creepy' mood experiment

HONG KONG (CNNMoney) Internet users have reacted angrily to news that Facebook researchers manipulated the content some users were shown in an attempt to gauge their emotional response. For one week in early 2012, Facebook (FB, Tech30) changed...

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Aereo suspends TV service...but not 'shutting down'

NEW YORK (CNNMoney) The court ruling found that Aereo violates copyright law by picking up the signals of local television stations and retransmitting them via the Internet to paying subscribers. "As a result of that decision, our case has been...

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American Apparel adopts plan to prevent a takeover

NEW YORK (CNNMoney) On Saturday, the company announced that it has adopted a one-year shareholders rights plan in an effort to prevent Charney, or any other person or group, from seizing a controlling interest in the company. The company's "poison...

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GM's 'culture' blamed for current crisis

NEW YORK (CNNMoney) In an exclusive interview that aired Saturday on CNN's "Smerconish," former GM manager Bill McAleer told host Michael Smerconish that employees who work at GM were "faced with a culture where you get fired if you do talk about...

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GM: Four more safety recalls, 430,000 cars

GM's recalls continue as the automaker announces four more, affecting nearly 430,000 vehicles in the U.S. NEW YORK (CNNMoney) The recall covers nearly 30,000 air bag inflators in 2013-2014 model year Chevrolet Cruze sedans. GM (GM) says the inflators...

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Red Bull settles with U.S. on Cuba violations claims

Red Bull North America has settled with the U.S. over alleged Cuba sanction violations NEW YORK (CNNMoney) The Treasury Department said Friday that the company has agreed to pay $89,775 over allegations it failed to get authorization from the...

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Aaron Swartz's father: He'd be alive today if he was never arrested

NEW YORK (CNNMoney) Swartz faced multiple charges for breaking and entering into an MIT wiring closet and downloading academic journals, including two counts of wire fraud and 11 counts of violating the Computer Fraud and Abuse Act. Swartz, who was...

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Airbag problems result in millions of recalls

Honda, Nissan, Mazda and Toyota are recalling millions of cars because of faulty inflators for Takata air bags. NEW YORK (CNNMoney) The National Highway Traffic Safety Administration says Honda (HMC), Nissan (NSANF), Toyota (TM), Mazda (MZDAF),...

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American Apparel CEO hits back

NEW YORK (CNNMoney) Dov Charney, the embattled ex-CEO of retailer American Apparel (APP), says he has been approached by company stockholders who have expressed "support for his continued leadership" of the company, according to a filing with the...

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World Cup gets record U.S. ratings

NEW YORK (CNNMoney) The USA-Portugal match on ESPN averaged 18.2 million viewers on Sunday, topping the 11.1 million that tuned in for USA-Ghana on June 16. Another 6.5 million viewers watched a Spanish-language broadcast of the USA-Portugal match...

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Friday Links

NEW YORK (CNNMoney) A weekly collection of design, data and interactive links.Photo/VideoSeismik | Herman Kolgen explores vertical layering dislocations8-Bit 3D Art | Ron Burgundy and Boba Fett rendered in 3D printed pixelsKodama | 20syl's new...

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Starbucks prices are going up

A tall latte will cost between 15 and 20 cents more after Tuesday. NEW YORK (CNNMoney) On average a drink will cost between 5 and 20 cents more, depending on what you order and where you're making the purchase. The price of a tall or venti...

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Google hosts all-girl coding party

Actress and producer Mindy Kaling was the host at an event geared toward getting more young girls interested in tech. NEW YORK (CNNMoney) Made With Code aims to address what, according to Google's own research, are the top two reasons women don't...

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Can enough money buy you eternal youth?

NEW YORK (CNNMoney) No need to go that far. It turns out, the best kind of anti-aging treatment is inside one's own body, and the rich are taking advantage of it, exploring the latest research in new technologies, genome mapping and stem cell...

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Why I put World of Warcraft on my resume

World of Warcraft helped make Stephen Gillett the chief information officer of Starbucks. He's now COO of Symantec. NEW YORK (CNNMoney) If it isn't clear already, we're talking about the online video game World of Warcraft. "I put my qualifications...

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Massachusetts approves $11 minimum wage

Legislators in the Bay State approved an NEW YORK (CNNMoney) Lawmakers in the Bay State gave final approval on Thursday to legislation that will gradually raise the minimum to $11 an hour by 2017, up from $8 today. Governor Deval Patrick received...

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Ay, caramba! Argentina on verge of default

NEW YORK (CNNMoney) The South American nation might not make its next interest payment that's due by July. Time is short, and Argentina is running out of options, especially after a major court ruling earlier this week went in favor of the creditors....

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T-Mobile: Stream all the music you want

T-Mobile CEO John Legere announced a new program called Music Freedom on Wednesday. SEATTLE (CNNMoney) The feisty wireless carrier announced a new program Wednesday that will let users stream music on certain apps without it counting toward monthly...

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American Apparel fires controversial CEO

The board of American Apparel ousted founder Dov Charney on Wednesday. HONG KONG (CNNMoney) Charney has been suspended effective immediately, the board said, and the termination will go into effect in 30 days. The board said Charney was removed...

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Pope Francis rails against food speculation

NEW YORK (CNNMoney) The leader of the Catholic Church chastised investors in food-based commodities markets, especially those who make speculative bets on price movements. The Pope said these types of investors reduce the affordability of food for...

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Judge rules against J.C. Penney in Martha Stewart case

J.C. Penney may have to pay up for striking a deal with Martha Stewart. NEW YORK (CNNMoney) New York Supreme Court Judge Jeffrey Oing called the actions of J.C. Penny's top executives "less than admirable." "At best, one can only describe...

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'Flash Boys' in the hot seat

NEW YORK (CNNMoney) It's been just over two months since the "Flash Boys" author dropped a bombshell by arguing that U.S. markets are "rigged" by high-frequency traders (HFT). That controversial claim is now at the center of countless regulatory...

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Starbucks offers workers 2 years of free college

There's about to be an even greater chance your barista is working his way through college. NEW YORK (CNNMoney) The company announced it will offer both full- and part-time employees a generous tuition reimbursement benefit that covers two full...

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Medtronic buys Covidien for $42.9 billion

HONG KONG (CNNMoney) Covidien shareholders will be paid $93.22 per share, a 29% premium over the company's closing stock price on Friday. Medtronic said the combined company will be headquartered in Ireland, where Covidien is based. Medtronic...

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Russia cuts off natural gas supplies to Ukraine

HONG KONG (CNNMoney) Representatives from Ukraine, Russia and the European Union held meetings over the weekend in an effort to avert the crisis, but no agreement was reached. Gazprom said Monday that Ukraine's total debt is $4.5 billion. The...

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Jetblue's answer to first class

NEW YORK (CNNMoney) That's what Jetblue is hoping to sell to its customers starting Sunday, when the airline launches a new service called "Mint." It will begin with only the New York to Los Angeles route, and will offer the kind of amenities usually...

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The death of U.S. savings bonds

NEW YORK (CNNMoney) Americans bought over 40 million of the most popular savings bonds in 2000. Last year, the U.S. sold a mere 400,000 of them. They were often given to students, newly married couples or anyone having a birthday. It was akin...

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Costa Rica aims to win World Cup ad game

NEW YORK (CNNMoney) Many experts, including Goldman Sachs, predict Costa Rica (and the U.S.) won't make it out of the first round, but the Central American nation has it sights on another goal: Winning the World Cup ad game. "Essential Costa...

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Spanish debt en fuego

Investors have developed a taste for European PIIGS. NEW YORK (CNNMoney) Their economies were in shambles, there were riots in the streets and even talk of ejecting some of these nations from the euro. They were great places to visit, but you...

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Mickelson's lawyer: He did not trade Clorox shares

Phil Mickelson's attorney says the golfer never owned Clorox stock. NEW YORK (CNNMoney) Late last month, law enforcement sources told CNN that a wide-ranging probe was examining stock trades made in Clorox by Mickelson, investor Carl Icahn and...

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