BNP Paribas braces for $9 billion fine: reports

BNP Paribas CEO Jean-Laurent Bonnafe. LONDON (CNNMoney) The punishment for helping clients dodge sanctions on Iran, Sudan and Cuba will also include a temporary ban on BNP Paribas (BNPQF) clearing payments in dollars, starting in January, the...

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Stocks: 6 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the six things you need to know before the opening bell rings in New York: 1. Record fine for BNP Paribas?: The U.S. Department of Justice is expected to announce a multi-billion...

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Why you don't need to buy extra car rental insurance

NEW YORK (CNNMoney) Often times, people end up buying supplemental insurance protection that they really don't need, said Odysseas Papadimitriou, CEO of credit card comparison site, CardHub.com. That can add anywhere from $15 to $30 a day to the...

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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'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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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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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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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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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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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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Millennial-driven housing boom seen on the horizon

NEW YORK (CNNMoney) According to a report released Thursday by Harvard's Joint Center for Housing Studies, as the economy shows signs of improvement, by 2025 Millennials could form 24 million new households and spur a huge comeback in the U.S. real...

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Walmart cuts iPhone prices

Walmart will cut the price of the iPhone on Friday at 9 a.m. NEW YORK (CNNMoney) Walmart said it is cutting the price for both the iPhone 5s and 5c beginning 9 a.m. Friday. With a two-year contract, a 16-gigabyte iPhone 5S will cost $99, coming...

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Stocks: 5 things to know before the open

Click chart to track premarket data. LONDON (CNNMoney) Here are the five things you need to know before the opening bell rings in New York: 1. Potential market movers -- Nike, GE: Shares in Nike (NKE) were rising by about 3% premarket after...

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Millennial-driven housing boom seen on the horizon

NEW YORK (CNNMoney) According to a report released Thursday by Harvard's Joint Center for Housing Studies, as the economy shows signs of improvement, by 2025 Millennials could form 24 million new households and spur a huge comeback in the U.S. real...

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Walmart cuts iPhone prices

Walmart will cut the price of the iPhone on Friday at 9 a.m. NEW YORK (CNNMoney) Walmart said it is cutting the price for both the iPhone 5s and 5c beginning 9 a.m. Friday. With a two-year contract, a 16-gigabyte iPhone 5S will cost $99, coming...

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How much will GM victims get? We'll find out Monday

Feinberg's plan is expected to disclose details about who is eligible for compensation and how much money they could receive. NEW YORK (CNNMoney) The compensation plan will be unveiled by Kenneth Feinberg, a consultant who also determined payouts...

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Chinese millionaire throws totally insane lunch for the homeless

NEW YORK (CNNMoney) Mills was one of hundreds of homeless New Yorkers who showed up at Central Park's Loeb Boathouse -- a popular venue for high-end weddings and banquets -- at the invitation of Chinese multimillionaire Chen Guangbiao. Chen took...

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How to vacation like an aristocrat

The Gardener's Cottage on the Chatsworth Estate in England is opening up to guests this week, offering a luxury vacation option to those who want 'the royal treatment'. LONDON (CNNMoney) Visitors can seek out the royal treatment with a vacation...

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Fewer parents helping to pay for college

NEW YORK (CNNMoney) About 77% of parents say they plan to help their child pay for college -- down from 81% last year, according to a Discover Student Loans survey of 1,000 adults. Many of these parents say they would like to help but are worried...

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Google's cardboard virtual-reality goggles

Google gave out a set of cardboard goggles that work with your smartphone to create a basic virtual reality experience at its developer conference on Wednesday. SAN FRANCISCO (CNNMoney) Google (GOOGL, Tech30) revealed a number of big updates...

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One year later: Same-sex marriage ruling's impact

NEW YORK (CNNMoney) When the Defense of Marriage Act -- which limited the definition of marriage to a man and a woman -- was overturned last June, married same-sex couples were granted access to more than 1,000 spousal benefits. The three most...

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Facebook is 69% male and mostly white

HONG KONG (CNNMoney) Released on Wednesday, the report is the latest in a flurry of voluntary diversity disclosures by high-profile tech firms. The facts show that 69% of Facebook's global staffers are male. A full 85% of the company's tech workers,...

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Danger! American Apparel, Lululemon impale

NEW YORK (CNNMoney) Just look at the controversy swirling around the founders of American Apparel (APP) and Lululemon (LULU). Dov Charney, the ousted chairman of American Apparel, is known for walking around his factory in his underwear and talking...

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Madoff's accountant pleads guilty

Paul Konigsberg, Bernie Madoff's former accountant, faces up to 30 years in prison. NEW YORK (CNNMoney) Paul Konigsberg, a tax lawyer and accountant, provided services to Madoff and a number of Madoff's clients. Now, he faces up to 30 years in...

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Stocks: 6 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the six things you need to know to start the trading day: 1. Stocks in the red: U.S. stock futures were relatively weak following a day of steep losses on Tuesday. During...

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In just six months, automakers pass recall record

NEW YORK (CNNMoney) The total number of recalled vehicles crossed the previous record when several automakers announced recalls of 2.8 million cars for faulty airbags. That brought the 2014 running total above 32 million. The previous record of...

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Danger! American Apparel, Lululemon impale

NEW YORK (CNNMoney) Just look at the controversy swirling around the founders of American Apparel (APP) and Lululemon (LULU). Dov Charney, the ousted chairman of American Apparel, is known for walking around his factory in his underwear and talking...

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