Kim Kardashian's game makes $700,000 a day

Hitting the hottest clubs with the virtual Kim Kardashian will make you a Hollywood A-lister in no time. NEW YORK (CNNMoney) "Kim Kardashian: Hollywood" from Glu Mobil lets you create an avatar that can work to achieve virtual A-list status....

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BofA hit with $1.3 billion mortgage penalty

NEW YORK (CNNMoney) Bank of America (BAC) has been ordered to pay a nearly $1.3 billion penalty for mortgage fraud committed by Countrywide. The fraud happened years before BofA bought the struggling lender amid the financial crisis, saving it from...

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Grieving parents drowning in $200,000 student loan debt receive relief

Lisa Mason (left) passed away 5 years ago, and her parents got hit with her six-figure student loan debt. NEW YORK (CNNMoney) After a CNNMoney story about the family's situation ran Tuesday, hundreds of readers reached out to offer words of encouragement...

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McDonald's may be liable for worker lawsuits

A government ruling could make McDonald's liable for labor lawsuits. NEW YORK (CNNMoney) The National Labor Relations Board's top lawyer on Tuesday determined that McDonald's (MCD) is a "joint employer," along with thousands of independent franchise...

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Chevy Volt is insurance group's Top Safety Pick

NEW YORK (CNNMoney) That's why General Motors' (GM) Chevy Volt won top marks for safety in small cars. The Volt was named "Top Safety Pick Plus" Wednesday by the Insurance Institute for Highway Safety, because besides earning an "acceptable"...

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Meat scandal takes a bite out of McDonald's sales in Japan

HONG KONG (CNNMoney) The fast food chain's Japanese unit said Tuesday that it will fall short of profit and sales targets for the year, after a longtime meat supplier was shut down last week by authorities for unsanitary practices. As meat from...

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Herbalife stock tumbles on earnings miss

NEW YORK (CNNMoney) The controversial maker of diet shakes and supplements said it earned $1.55 per share in the second quarter, short of analysts' expectations of $1.57 per share. Herbalife also lowered its earnings targets for the rest of the year....

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Grieving parents hit with $200,000 in student loans

Steve Mason and his wife Darnelle not only took in their daughter's three children when she passed away, they also inherited her $100,000 student loan bill. NEW YORK (CNNMoney) He and his wife Darnelle immediately took in Lisa's three children...

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1 in 3 U.S. adults have 'debt in collections'

NEW YORK (CNNMoney) An estimated 1 in 3 adults with a credit history -- or 77 million people -- are so far behind on some of their debt payments that their account has been put "in collections." That's a key finding from a new Urban Institute...

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Would-be giant in online house hunting has brokers scared

NEW YORK (CNNMoney) The rumored deal -- the companies won't confirm it -- sent the companies' stocks soaring Friday as the chatter gathered steam. The companies don't charge for publishing these listings of homes for sale, but they do charge...

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Math nerds are taking over Wall Street

Quant trader Elie Galam at the Panorama Partners' New York City office. He is not a Wolf of Wall Street. NEW YORK (CNNMoney) But guess what? They are rapidly being replaced by "quants" -- soft-spoken super nerds armed with high-tech software...

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BuzzFeed fires viral politics editor for plagiarizing

NEW YORK (CNNMoney) BuzzFeed editor in chief Ben Smith said he and his colleagues had identified "41 instances of sentences or phrases copied, word for word, from other sites, many of them inappropriate sources in the first place," during a review...

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Mary Poppins won't work for minimum wage

NEW YORK (CNNMoney) But in a parody from Funny or Die, the Disney character (played by Kristin Bell) is quitting her job because that's all the Banks family will pay her. She struggles to make ends meet while making $7.25, the federal minimum...

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Lyft gets the green light in New York City

Rideshare app Lyft, known for the pink mustaches on car grills, will launch in New York on Friday NEW YORK (CNNMoney) After two weeks of sparring with New York City taxi regulators, rideshare app Lyft can start serving the five boroughs -- provided...

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Would-be giant in online house hunting has brokers scared

NEW YORK (CNNMoney) The rumored deal -- the companies won't confirm it -- sent the companies' stocks soaring Friday as the chatter gathered steam. The companies don't charge for publishing these listings of homes for sale, but they do charge...

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Amazon plunges 10% on big loss

Amazon's non-shipping efforts, like its first smartphone, aren't cheap. NEW YORK (CNNMoney) Shares plunged 10% in extended trading Thursday after the tech giant reported a larger than expected loss. While sales rose 23%, the company recorded...

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3 things that will drive your life insurance premiums through the roof

NEW YORK (CNNMoney) But just how much does your age, gender or smoking habit cost you? InsuranceQuotes.com evaluated life insurance premiums for the top 25 carriers in the nation to find out. Men pay an average of 38% more than women for the...

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Argentina is now very close to default

HONG KONG (CNNMoney) The country's only remaining option appears to be negotiations -- and a compromise. If a deal is not reached, the country could miss its next bond payment on July 30. Argentina's pickle is the result of a marathon legal battle...

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Macan - Porsche's physics-defying SUV

Santa Barbara, Calif. (CNNMoney) While the larger Cayenne feels very similar to a sports sedan from behind the wheel, the Macan comes amazingly close to a sports car. I drove one through canyon roads from the Los Angeles area out to Willow Springs...

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China's factories power ahead to 18-month high

HONG KONG (CNNMoney) Global bank HSBC said its "flash" index of purchasing managers' sentiment rose to 52.0 in July from June's final reading of 50.7. Any reading above 50 signals expansion in the manufacturing sector. The report, fueled by strong...

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McDonald's stands by rotten meat supplier

HONG KONG (CNNMoney) Chinese authorities this week suspended operations at a Shanghai Husi food plant, a subsidiary of Illinois-based OSI Group. The government intervened after a Chinese broadcaster aired footage of workers using their bare hands...

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$24 billion tobacco verdict: One down, 5,130 to go

NEW YORK (CNNMoney) R.J. Reynolds Tobacco Co. (RAI) -- maker of the Camel, Kool and Pall Mall brands -- still has about 5,130 cases to fight. They're the remnants of a Florida class action lawsuit from the 1990s that was dismantled but allowed to...

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Netflix passes 50 million subscribers

Netflix recently premiered the second season of its hit series Orange Is The New Black. NEW YORK (CNNMoney) The streaming video service said Monday that it now boasts over 50 million members in 40 countries, including 36 million in the United...

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Israeli tech talent tapped to fight in Gaza

Vaknin (center) with his army unit in 2009; Vaknin with Ido Aharoni, Consul General of Israel in New York NEW YORK (CNNMoney) Lior Vaknin, 27, is no exception. He served as a special forces paratrooper in the Israeli army from 2006 to 2009, and...

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Wall Street reform law only half done

Percentage of the 398 required rules that have been finalized. NEW YORK (CNNMoney) While regulators have sped up the pace of finalizing the complex batch of regulations required by Dodd-Frank, there's clearly a lot more work ahead. According...

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Millennials say no to marriage

NEW YORK (CNNMoney) Today's young adults are on track have the lowest rates of marriage by age 40 compared to any previous generation. If the current pace continues, more than 30% of Millennial women will remain unmarried by age 40, nearly twice the...

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Millennials love cash

Millennials are choosing cash over stocks, a new survey finds. NEW YORK (CNNMoney) Americans between 18 and 29 years old are three times more likely to keep their long-term investments in the form of cash rather than in the stock market, according...

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Can Malaysia Airlines survive latest tragedy?

Four months after a Malaysia Airlines plane goes missing, another one of its passenger jets is shot out of the sky. NEW YORK (CNNMoney) The tragic events have taken the lives of 537 people in all, and brought devastation to their families. ...

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Can this British designer save Coach?

Coach has hired Stuart Vevers to try to revive a brand that has been around since 1941. NEW YORK (CNNMoney) The British designer was hired last year to revive the Coach brand, a comeback that may be even harder to pull off than Martha Stewart's....

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Snowden asks hackers to protect whistleblowers

Ex-NSA contractor Edward Snowden, exiled in Russia, speaks via video connection to a crowd of hackers in New York City. NEW YORK (CNNMoney) Daniel Ellsberg, who famously released the Pentagon Papers, and former NSA contractor Edward Snowden spoke...

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Murdoch says he can't buy Tribune but mum on Time Warner

NEW YORK (CNNMoney) "Sorry can't buy Trib group or LA Times -- cross-ownership laws from another age still in place," Murdoch tweeted late Thursday night. Murdoch was referring to Federal Communications Commission rules that limit how many newspapers...

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Retirement accounts hold record balances

Fidelity says the stock market helped lift retirement balances to a record high. NEW YORK (CNNMoney) The average balance in a Fidelity Individual Retirement Account (IRA) rose 15% on an annual basis in the second quarter to $92,600 -- an all-time...

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Facebook says: If you Like it, Buy it.

NEW YORK (CNNMoney) The social media giant announced Thursday that it's testing a new Buy button feature with "a few" small and medium-sized businesses across the country. The button is available on the mobile and desktop version of Facebook...

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Google's money machine is going strong

Google co-founder and CEO Larry Page. NEW YORK (CNNMoney) Google (GOOGL, Tech30) reported another quarter of surging sales growth Thursday, with revenue rising 22% versus last year. The news sent the stock rising 1.6% in after-hours trading....

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FedEx indicted for shipping drugs sold online

Prosecutors say FedEx knowingly shipped prescription drugs from illegal online pharmacies to addicts and dealers. NEW YORK (CNNMoney) The shipping giant, however, said it is innocent and will plead not guilty. While some Internet pharmacies...

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Asian stocks decline after plane crash

HONG KONG (CNNMoney) Japan's Nikkei tumbled by 1.4%, followed by a 0.7% drop on Hong Kong's Hang Seng Index. Markets in Malaysia fell 0.4%, with aviation stocks taking a hit after a Malaysia Airlines plane crashed in a rebel-controlled part of...

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