Struggling homeowners turned to short sales in 2012

NEW YORK (CNNMoney) There were nearly three times as many short sales as there were sales of foreclosed homes in 2012, according to RealtyTrac. Foreclosures accounted for 11% of all sales, down from 13% a year before. Meanwhile, short sales rose 5%...

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Europe to cap bankers' bonuses

U.K. bankers' bonuses will be capped by new EU rules. LONDON (CNNMoney) The measure, which could take affect as early as January 2014, will limit bonuses to the level of annual salary, or twice salary given the approval of a majority of shareholders....

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Stocks: Economy, earnings back in focus

U.S. stocks rose Wednesday. NEW YORK (CNNMoney) The Labor Department will release its weekly report on initial jobless claims at 8:30 a.m. ET, while the Commerce Department will publish its second estimate of fourth-quarter GDP. In its initial...

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Senate confirms Jack Lew as Treasury Secretary

The Senate confirmed Jack Lew to be the next Treasury secretary. WASHINGTON (CNNMoney) Lew, 57, most recently served as the White House chief-of-staff. As a former budget director for Presidents Obama and Bill Clinton, Lew has overseen budget...

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It's official: Kuroda nominated to BoJ's top spot

Haruhiko Kuroda has been nominated to lead the Bank of Japan. HONG KONG (CNNMoney) Kuroda, the current president of the Asian Development Bank, has years of experience in international finance and monetary prescriptions that largely mirror those...

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Struggling homeowners turned to short sales in 2012

NEW YORK (CNNMoney) There were nearly three times as many short sales as there were sales of foreclosed homes in 2012, according to RealtyTrac. Foreclosures accounted for 11% of all sales, down from 13% a year before. Meanwhile, short sales rose 5%...

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Wealth inequality between blacks and whites worsens

Whites have accumulated far more wealth than blacks, according to a new Brandeis University study. NEW YORK (CNNMoney) That type of inequality can be a drag on economic growth for everyone, said Thomas Shapiro, director of the university's Institute...

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The myth of the Great Rotation

While investors have started to add money to the stock market this year, they are also still plowing into bonds. U.S. stock mutual funds have raked in nearly $20 billion in 2013, while bond funds have attracted more than $40 billion, according to ICI...

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Stocks: Italy worries remain despite rally

U.S. stocks finished higher Tuesday. NEW YORK (CNNMoney) The heavily-indebted eurozone country will test investor sentiment Wednesday as it looks to sell 3-4 billion euros worth of 10-year bonds. Market strategists say yields may approach the 5%...

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Defense stocks in cross hairs

Shares of defense contractors are under pressure as the industry is poised to be hit hard by forced budget cuts NEW YORK (CNNMoney) The so-called budget sequester will slash how much federal agencies are allowed to spend by $85 billion over seven...

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Wealth inequality between blacks and whites worsens

Whites have accumulated far more wealth than blacks, according to a new Brandeis University study. NEW YORK (CNNMoney) That type of inequality can be a drag on economic growth for everyone, said Thomas Shapiro, director of the university's Institute...

15.30 | 0 komentar | Read More

The myth of the Great Rotation

While investors have started to add money to the stock market this year, they are also still plowing into bonds. U.S. stock mutual funds have raked in nearly $20 billion in 2013, while bond funds have attracted more than $40 billion, according to ICI...

15.30 | 0 komentar | Read More

Japan to sell $10 billion stake in tobacco company

HONG KONG (CNNMoney) The sale should raise about $10 billion, with proceeds going toward reconstruction efforts in parts of the country most affected by 2011's earthquake, tsunami and nuclear disaster. The government currently owns 50% of Japan...

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Intel: Our phones are the fastest

Intel's mobile chief Mike Bell says the chipmaking giant is just getting started in smartphones. BARCELONA, Spain (CNNMoney) Chip production in mobile -- the tech industry's fastest-growing computing segment -- is instead dominated by a little-known...

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Stocks: Italy election roils markets

U.S. stocks fell Monday. NEW YORK (CNNMoney) Election results released by the government showed a narrow victory for the center-left coalition headed by Pier Luigi Bersani in the lower house of parliament. But former Prime Minister Silvio Berlusconi...

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Americans still aren't saving enough

Of those surveyed, 38% said they were saving less than last year. NEW YORK (CNNMoney) Only half of respondents reported good savings habits, including having a spending and/or saving plan in place, according to the Consumer Federation of America...

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HP sells off the last scraps of Palm: webOS

HP bought Palm for its webOS, but it left the software for dead after HP killed off its TouchPad tablet and webOS smartphone line. NEW YORK (CNNMoney) LG is buying all of the assets associated with webOS: the source code, engineering talent, patents,...

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Italian election rattles world markets

HONG KONG (CNNMoney) The Hang Seng in Hong Kong fell 0.9%, while the Nikkei in Tokyo dropped 2.3% and the Shanghai Composite lost 0.1% The Japanese yen, a safe-haven currency, strengthened overnight as investors sought refuge. European markets...

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China's manufacturing sector stumbles

The pace of manufacturing expansion has slowed in China, according to HSBC. HONG KONG (CNNMoney) Global bank HSBC said its "flash" index of purchasing managers' sentiment fell to 50.4 in February from January's final reading of 52.3. Any reading...

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Spending cuts showdown may drag on

With just days before the spending cuts begin, there is little expectation President Obama and House Speaker John Boehner will make a deal. NEW YORK (CNNMoney) But there's no telling when. Funding for numerous federal agencies and programs will...

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Stocks: It's all international

U.S. stocks rose Friday. NEW YORK (CNNMoney) International developments may help fill the void. Investors will consider the emergence of a frontrunner for the Bank of Japan job, the outcome of a closely-fought election in Italy and some bad news...

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HP takes cautious step into Android waters with new tablet

BARCELONA (CNNMoney) HP's bid to rejuvenate its flagging business is the Slate 7 -- which is not a premium-grade tablet, nor a remarkably cheap device. Instead, the $169 Slate 7 packs a 7-inch screen, 1024x600 resolution, a 1.6 GHz dual-core processor,...

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China's manufacturing sector stumbles

The pace of manufacturing expansion has slowed in China, according to HSBC. HONG KONG (CNNMoney) Global bank HSBC said its "flash" index of purchasing managers' sentiment fell to 50.4 in February from January's final reading of 52.3. Any reading...

15.30 | 0 komentar | Read More

Spending cuts showdown may drag on

With just days before the spending cuts begin, there is little expectation President Obama and House Speaker John Boehner will make a deal. NEW YORK (CNNMoney) But there's no telling when. Funding for numerous federal agencies and programs will...

15.30 | 0 komentar | Read More

Judge rules against Apple in Einhorn cash fight

NEW YORK (CNNMoney) Einhorn's Greenlight Capital filed a lawsuit earlier this month seeking to "unbundle" a number of shareholder proposals that would have been voted on as a group, including one that would have made it difficult for the company to...

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Moody's downgrades United Kingdom from AAA

God save the AAA rating. NEW YORK (CNNMoney) The U.K. was knocked down one notch to Aa1, with its ratings outlook at stable. Moody's said the key drivers of the downgrade included the country's rising debt burden and tepid growth outlook over the...

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Samsung stuffs a phone in new Galaxy Note 8.0 tablet

NEW YORK (CNNMoney) It runs Android 4.1, has a 1.6 GHz quad-core CPU, 2 gigabytes of RAM, and an 8-inch, 1280 x 800 display that you can control with Samsung's S-Pen stylus. But on the international version of the device, there's something quite strange...

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Fed officials: Don't worry if we lose money

NEW YORK (CNNMoney) But that's okay, Fed officials say. After years of record profits, the Fed is likely to be saddled with losses starting in 2017 or 2018, economists predict in a paper that was presented Friday at the U.S. Monetary Policy Forum,...

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Judge rules against Apple in Einhorn cash fight

NEW YORK (CNNMoney) Einhorn's Greenlight Capital filed a lawsuit earlier this month seeking to "unbundle" a number of shareholder proposals that would have been voted on as a group, including one that would have made it difficult for the company to...

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Moody's downgrades United Kingdom from AAA

God save the AAA rating. NEW YORK (CNNMoney) The U.K. was knocked down one notch to Aa1, with its ratings outlook at stable. Moody's said the key drivers of the downgrade included the country's rising debt burden and tepid growth outlook over the...

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