Hot stocks: 5 sizzling performers in May

NEW YORK (CNNMoney) While there were many winners this month (sorry Whole Foods (WFM, Fortune 500) -- you definitely didn't make the cut), check out the rankings of the five hottest companies in the S&P 500 in May. 1. Netflix: Binge watching...

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Sonic & Chili's: Leave guns at home

Chili's told guests Friday to "refrain from openly carrying firearms into our restaurants." NEW YORK (CNNMoney) Chili's, which is owned by Brinker International (EAT), said Friday, "We kindly ask that guests refrain from openly carrying firearms...

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Want Beyoncé tickets? Wait till the last minute

Beyoncé and Jay-Z will be kicking off their tour at Sun Life Stadium in Miami in June. Last year, she played smaller arenas. NEW YORK (CNNMoney) The reason: Unlike last year, some of the hottest concerts -- Beyoncé, Rihanna, and One Direction...

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Here is ousted RadiumOne CEO Gurbaksh Chahal's letter to the board

(CNNMoney) To the Board of Directors of RadiumOne: As you all know, I resigned from the board of directors on Tuesday. In light of recent events and to stay transparent and forthright, you give me no other vehicle than an open letter to communicate...

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Ousted RadiumOne CEO: 'What did I do to deserve this?'

Ousted RadiumOne CEO Gurbaksh Chahal plans to sue his board, claiming wrongful termination. NEW YORK (CNNMoney) The ad-startup executive was accused of hitting his girlfriend 117 times in a span of less than a half hour last August. The former...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are four things you need to know before the opening bell: 1. Stock markets have a spring in their step: So far this month, the S&P 500 has surged by nearly 2% to hit new...

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Britain, Italy include drugs and sex in GDP

NEW YORK (CNNMoney) The U.K.'s Office of National Statistics announced Thursday that paying for drugs and sex adds about £10 billion ($16.7 billion) a year to the economy. The British government is now including prostitution and narcotics sales in...

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Here is ousted RadiumOne CEO Gurbaksh Chahal's letter to the board

(CNNMoney) To the Board of Directors of RadiumOne: As you all know, I resigned from the board of directors on Tuesday. In light of recent events and to stay transparent and forthright, you give me no other vehicle than an open letter to communicate...

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Ousted RadiumOne CEO: 'What did I do to deserve this?'

Ousted RadiumOne CEO Gurbaksh Chahal plans to sue his board, claiming wrongful termination. NEW YORK (CNNMoney) The ad-startup executive was accused of hitting his girlfriend 117 times in a span of less than a half hour last August. The former...

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Qatar, UAE about to get major upgrade

NEW YORK (CNNMoney) But these two Persian Gulf countries are starting to make a name for themselves for their economies and stock markets. Both countries will soon be upgraded to "emerging market" status, a step up from their classification as...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are 4 things you need to know before the opening bell: 1. GDP data could show a contraction: The U.S. government is set to revise its first quarter GDP figures at 8:30 a.m....

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Has the U.K. become a tax haven?

U.S. firms are increasingly eyeing up London for takeover targets to benefit from low U.K. corporate tax rates. LONDON (CNNMoney) Why? Relatively low tax rates and a business-friendly environment. Pfizer (PFE, Fortune 500) was the latest high-profile...

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Apple buying Beats for $3 billion

Dr. Dre, who co-founded Beats, will join Apple. NEW YORK (CNNMoney) Apple (AAPL, Fortune 500) will pay $2.6 billion up front, plus another $400 million over time. Apple's getting stylish hardware from Beats Electronics and a streaming service...

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Why Snowden waited a whole year for his TV close-up

Edward Snowden appeared by videoconference at SXSW, but an interview with NBC is his first television sit-down. NEW YORK (CNNMoney) How long, they wondered, might he wait to have his first sit-down television interview, to speak out about why...

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Qatar, UAE about to get major upgrade

NEW YORK (CNNMoney) But these two Persian Gulf countries are starting to make a name for themselves for their economies and stock markets. Both countries will soon be upgraded to "emerging market" status, a step up from their classification as...

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Michigan raises minimum wage to $9.25

What is the minimum wage in your state? Click the map to find out. NEW YORK (CNNMoney) The state's hourly minimum wage will increase in phases from $7.40 until it reaches $9.25 in 2018. The legislature passed the bill Tuesday and Republican...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are four things you need to know before the open: 1. Another record high in sight: U.S. stock futures were up ahead of the opening bell, suggesting that the S&P 500 may...

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GSK faces U.K. fraud investigation

London-based GSK is the target of a criminal probe in the U.K. HONG KONG (CNNMoney) GSK will cooperate fully with the investigation by the U.K. Serious Fraud Office, the company said in a statement issued Tuesday. "GSK is committed to operating...

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Correcting your credit report gets easier

(Money Magazine) Pushed by the Consumer Financial Protection Bureau, major credit reporting companies Equifax, Experian, and TransUnion have changed their complaint systems to let people dispute reports' mistakes in greater detail. Related: Best...

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Michigan raises minimum wage to $9.25

What is the minimum wage in your state? Click the map to find out. NEW YORK (CNNMoney) The state's hourly minimum wage will increase in phases from $7.40 until it reaches $9.25 in 2018. The legislature passed the bill Tuesday and Republican...

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GSK faces U.K. fraud investigation

London-based GSK is the target of a criminal probe in the U.K. HONG KONG (CNNMoney) GSK will cooperate fully with the investigation by the U.K. Serious Fraud Office, the company said in a statement issued Tuesday. "GSK is committed to operating...

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Pfizer ditches pursuit of AstraZeneca

Pfizer has dropped its pursuit of AstraZeneca after repeated takeover attempts. LONDON (CNNMoney) The American drug maker announced Monday that it was withdrawing its latest in a series of unsolicited offers. That bid valued AstraZeneca (AZN)...

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European stocks rise as elections wrap up

Alexis Tsipras leads the far-left Syriza party in Greece. His anti-austerity party that has received roughly 27% of the vote. LONDON (CNNMoney) Germany's DAX index led the way with a 1.3% rise. Spain's IBEX gained 1.2%, while France's CAC 40...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are 4 things you need to know before the open: 1. Fresh record highs in sight: U.S. stock futures were making solid advances ahead of the opening bell, indicating we could see...

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Production halt for India's iconic Ambassador

An Ambassador taxi on the streets during monsoon rain in Kolkata. HONG KONG (CNNMoney) Once the vehicle of choice for Indian politicians and bureaucrats, the Ambassador's design was borrowed from Britain's Morris Oxford. The car's look hasn't...

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Pfizer ditches pursuit of AstraZeneca

Pfizer has dropped its pursuit of AstraZeneca after repeated takeover attempts. LONDON (CNNMoney) The American drug maker announced Monday that it was withdrawing its latest in a series of unsolicited offers. That bid valued AstraZeneca (AZN)...

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European stocks rise as elections wrap up

Alexis Tsipras leads the far-left Syriza party in Greece. His anti-austerity party that has received roughly 27% of the vote. LONDON (CNNMoney) Germany's DAX index led the way with a 1.3% rise. Spain's IBEX gained 1.2%, while France's CAC 40...

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Production halt for India's iconic Ambassador

An Ambassador taxi on the streets during monsoon rain in Kolkata. HONG KONG (CNNMoney) Once the vehicle of choice for Indian politicians and bureaucrats, the Ambassador's design was borrowed from Britain's Morris Oxford. The car's look hasn't...

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How celebrity hacker 'Sabu' helped feds thwart 300 cyber-attacks

NEW YORK (CNNMoney) That's according to new U.S. government documents that for the first time provide extensive detail about what they call the "extremely valuable and productive" undercover cooperation of Hector Monsegur. Monsegur used the Sabu...

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