Wall Street bracing for volume surge

U.S. financial markets will reopen Wednesday, after being shuttered for two days to deal with the devastating impact of Superstorm Sandy. NEW YORK (CNNMoney) -- Trading volume is expected to surge when U.S. financial markets reopen Wednesday, two...

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A new type of 401(k): No fund picking allowed

With a managed 401(k), you can leave investing decisions to the experts. (Money Magazine) -- The 401(k) is the best tool you have to save for retirement, but it can be an awfully clumsy one. In a typical plan, your employer essentially hands you...

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Disney to buy Lucasfilm for $4 billion

Lucasfilm founder George Lucas, creator of Star Wars, is selling his company to Disney for $4 bilion. NEW YORK (CNNMoney) -- The Walt Disney Company agreed Tuesday to buy Lucasfilm in a stock-and-cash deal valued at $4 billion. The deal will make...

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Chrysler profits surge 80%

NEW YORK (CNNMoney) -- The comeback continues at Chrysler. The automaker reported third-quarter profits Monday that rose 80% versus a year ago, buoyed by strong sales in U.S. Chrysler's third-quarter net income hit $381 million, up from $212 million...

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Apple shakeup: Mobile head and retail chief are out

Scott Forstall , one of Apple's most influential executives, is on his way out the door. NEW YORK (CNNMoney) -- As Hurricane Sandy battered the Northeast on Monday, a different kind of storm was brewing in Cupertino, Calif. Apple (AAPL, Fortune 500)...

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Hurricane deductible could cost homeowners thousands

Some homeowners who sustain damage from Sandy will have to pay thousands of dollars upfront for a hurricane deductible before insurance payments kick in. NEW YORK (CNNMoney) -- Thanks to a little-known hurricane deductible, homeowners with property...

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Bubble trouble in junk bonds

NEW YORK (CNNMoney) -- As yield-hungry investors continue to jump head first into junk bonds, experts are warning that a potential bubble may be forming. So far this year, investors have plowed a record $49 billion into U.S. high-yield bond mutual funds...

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10 questions for China's Huawei

Huawei, China's largest telecom, has been the subject of congressional scrutiny. HONG KONG (CNNMoney) -- The U.S. House Intelligence Committee released a stinging report in early October focused on the business practices of Huawei and ZTE, two Chinese...

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Stocks open for electronic trading Monday

The New York Stock Exchange plans to shut down its floor, but will be open for electronic trading Monday as Hurricane Sandy makes landfall on Monday NEW YORK (CNNMoney) -- U.S. stocks will open for electronic trading on Monday, as Hurricane Sandy...

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9 more banks under scrutiny in Libor investigation

NEW YORK (CNNMoney) -- A state investigation into whether some of the world's biggest banks manipulated key global interest rates has widened to 16 institutions, according to a source familiar with the matter. New York state Attorney General Eric Schneiderman...

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Rajaratnam associate to pay SEC insider fine

Another associate of Raj Rajaratnam has been charged with insider trading by the Securities and Exchange Commission. NEW YORK (CNNMoney) -- The Securities and Exchange Commission says that a former chief financial officer of Xilinx Inc. has agreed...

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Do I need to invest in stocks for retirement?

NEW YORK (CNNMoney) -- Can I skip investing in stocks altogether during retirement if I have saved a lot? -- Andrew C., Florida After seeing stocks plummet almost 60% between late 2007 and early 2009, I understand why you may want to avoid them. And...

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9 more banks under scrutiny in Libor investigation

NEW YORK (CNNMoney) -- A state investigation into whether some of the world's biggest banks manipulated key global interest rates has widened to 16 institutions, according to a source familiar with the matter. New York state Attorney General Eric Schneiderman...

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Rajaratnam associate to pay SEC insider fine

Another associate of Raj Rajaratnam has been charged with insider trading by the Securities and Exchange Commission. NEW YORK (CNNMoney) -- The Securities and Exchange Commission says that a former chief financial officer of Xilinx Inc. has agreed...

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Do I need to invest in stocks for retirement?

NEW YORK (CNNMoney) -- Can I skip investing in stocks altogether during retirement if I have saved a lot? -- Andrew C., Florida After seeing stocks plummet almost 60% between late 2007 and early 2009, I understand why you may want to avoid them. And...

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S&P downgrades BNP Paribas, 2 other French banks

BNP was one of three major French banks downgraded by S&P Thursday. NEW YORK (CNNMoney) -- Credit agency Standard & Poor's has cut its ratings on BNP Paribas and two other major French banks, citing the rising economic risks that they face....

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Yahoo CEO Marissa Mayer buys Justin Bieber-backed startup Stamped

Marissa Mayer touted her newest purchase, Stamped, on her Instagram account. NEW YORK (CNNMoney) -- Yahoo has acquired its first company under the leadership of new CEO Marissa Mayer: Stamped, a New York startup backed by a roster of celebrity investors,...

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Apple earnings disappoint, but holiday season will be a blowout

NEW YORK (CNNMoney) -- Apple's earnings were mixed for its fourth fiscal quarter, but the company is looking ahead to a record-shattering holiday season. Apple earned $8.2 billion in the quarter ended September 29 on sales of $36 billion. That profit...

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Zynga surges on higher sales, casino gaming plans

NEW YORK (CNNMoney) -- Expectations for social gaming company Zynga were pretty low before their third quarter earnings report Thursday. But sales topped forecasts, sending Zynga (ZNGA) shares up more than 15% in after hours trading. Zynga, best known...

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Facebook employees are now $5.2 billion richer

Facebook employees' paper wealth can now be turned into actual cash. NEW YORK (CNNMoney) -- It's the day some Facebook employees have waited years for: Their paper wealth now has an official cash value, to the tune of $5.2 billion. Before this week,...

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Ex-Goldman director Gupta gets two years for insider trading

Rajat Gupta leaves court last year. NEW YORK (CNNMoney) -- Former Goldman Sachs board member Rajat Gupta received a two-year prison sentence Wednesday in the highest-profile case yet of the government's ongoing insider trading crackdown. The sentence...

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Zynga slices staff and downsizes The Ville

Employees at Zynga's San Francisco-based headquarters NEW YORK (CNNMoney) -- Zynga laid off 5% of its employees from multiple offices Tuesday. The gaming pioneer best known for FarmVille and its other -Ville franchises shut down its Boston studio,...

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US Airways staffer arrested for theft of Fed cash shipment

The new $100 bills are set to go into circulation next year. NEW YORK (CNNMoney) -- A baggage handler for US Airways was arrested Tuesday for allegedly stealing $20,000 worth of new $100 bills being shipped to a Federal Reserve facility. The FBI...

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China's manufacturing sector shows improvement

Manufacturing in China is considered a barometer of the global economy because of the country's role as a powerhouse exporter. HONG KONG (CNNMoney) -- China's manufacturing sector hit a three-month high in October on stronger new orders data, according...

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Filing for a patent: New rules to know

NEW YORK (CNNMoney) -- Charley Moore is founder and executive chairman of Rocket Lawyer, an online legal service that specializes in working with startups, small businesses and independent entrepreneurs. As an entrepreneur, protecting your inventions...

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One more Washington agency drops BlackBerry

BlackBerry is losing customers in Washington. WASHINGTON (CNNMoney) -- U.S. Immigration and Customs Enforcement is the latest federal agency to drop BlackBerry smart phones for its employees, adding to the woes of maker Research in Motion (RIMM)....

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