Hackers attack Yahoo Mail accounts

NEW YORK (CNNMoney) Yahoo (YHOO, Fortune 500) said it recently identified a coordinated effort by hackers who tried to log into many email accounts with stolen usernames and passwords. The note by Yahoo products executive Jay Rossiter did not immediately...

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Chipotle shares sizzle following red-hot quarter

Chipotle says it plans to open between 180 and 195 new restaurants in 2014. NEW YORK (CNNMoney) The burrito chain's stock surged nearly 13% in after-hours trading Thursday following fourth-quarter results showing the company's strong growth continuing....

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GoldieBlox ad makes Super Bowl history

Debbie Sterling's toy startup GoldieBlox becomes the first small business ever to air an ad during the Super Bowl. NEW YORK (CNNMoney) The startup will make Super Bowl history this Sunday by becoming the first small business to have a commercial...

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Google to sell Motorola Mobility unit to Lenovo

China-based Lenovo is the world's largest PC maker. NEW YORK (CNNMoney) The search giant announced Wednesday that it will sell its Motorola Mobility smartphone unit to Chinese PC maker Lenovo for $2.9 billion, giving up on a business it purchased...

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Stolen credentials blamed in Target breach

NEW YORK (CNNMoney) Since discovering the breach, "we have taken extra precautions such as limiting or updating access to some of our platforms while the investigation continues," Target spokeswoman Molly Snyder said. The news adds details about...

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Asia stocks battered by emerging market fears

HONG KONG (CNNMoney) Japan's Nikkei was off 3.2% in morning trading, while Hong Kong's Hang Seng dropped 1.4% and Australia ASX All Ordinaries lost 1%. The Shanghai Composite, which often diverges from other Asian markets, was trading 0.6% higher....

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5 airline fees we hate the most

Baggage fees top the list of most hated airlines fees. NEW YORK (CNNMoney) U.S.-based airlines were raking in baggage and reservation change fees at an annualized rate of roughly $6 billion last year, according to the Department of Transportation....

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Turkey's central bank hikes rates to combat sell-off

Turkey's central bank heads into a crisis meeting on raising rates to defend the lira, despite government claims that the economy is solid. NEW YORK (CNNMoney) The announcement came following an emergency meeting convened in response to the crisis....

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China's anti-corruption drive eats into growth

Chinese President Xi Jinping has ordered an end to lavish spending by officials on everything from luxury hotels to lavish funerals. HONG KONG (CNNMoney) The anti-corruption campaign has ensnared executives working for foreign and Chinese companies,...

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ATM outage strands U.K. bank customers

NEW YORK (CNNMoney) A Lloyds Banking Group (LLDTF) spokeswoman said the three-hour outage had been resolved but did not know how many customers had been unable to use their cards. Issues with in-store purchases were resolved by 6 p.m. local, and...

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Investor compares U.S. wealth debate to Nazi Germany

Tom Perkins, pictured in September 2013. NEW YORK (CNNMoney) "Writing from the epicenter of progressive thought, San Francisco, I would call attention to the parallels of fascist Nazi Germany to its war on its 'one percent,' namely its Jews,...

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Emerging markets rattled as anxiety rises

India's rupee has weakened in recent days amid concerns about emerging market economies. HONG KONG (CNNMoney) Asian markets opened sharply lower as benchmark indices in Tokyo and Hong Kong shed more than 2% as investors looked to move out of...

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Buckle up! 2014 will be a bumpy ride

BlackRock CEO Laurence Fink: "I hear way too much optimism going forward -- we're going to be in a world of much greater volatility." Davos, Switzerland (CNNMoney) Financial experts at the World Economic Forum in Davos were cautiously optimistic...

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Michaels stores: Possible data 'attack'

The country's largest crafts chain said Saturday it learned recently of 'possible fraudulent activity' on some customer payment cards, suggesting there may have been a breach. NEW YORK (CNNMoney) Michaels said Saturday that it learned recently...

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Weather Channel-DirecTV blackout: No end in sight

TV channel owners and distributors usually haggle in private. But the dispute between the Weather Channel and DirecTV underscores how contentious the negotiations can become. NEW YORK (CNNMoney) On Friday, DirecTV Chief Executive Mike White published...

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Nissan spanked over fake dune-climbing ad

NEW YORK (CNNMoney) So Nissan and its advertising agency have entered into a proposed settlement with the Federal Trade Commission over charges of deceptive advertising. Neither Nissan (NSANF) or its advertising agency, TBWA Worldwide, will pay any...

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Sony gets rights to Sandberg's 'Lean In'

Sony Pictures has acquired the film rights to Sheryl Sandberg's book "Lean In." NEW YORK (CNNMoney) Sony Pictures confirmed that it has acquired the rights to make the Facebook (FB, Fortune 500) COO's book into a movie. Published in March...

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Sam's Club laying off 2% of workers

Sam's Club will lay off 2% of its workforce. NEW YORK (CNNMoney) That's 2% of the workforce for the wholesale club chain, which has nearly 600 locations in the United States. A little less than half of the employees affected are assistant...

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Oops! Pentagon didn't actually order 80,000 new BlackBerries

Smartphone maker BlackBerry didn't sell 80,000 new phones to the Pentagon, but the sale of most of its Canadian real estate holdings will help its finances. NEW YORK (CNNMoney) "The Department of Defense is not planning to purchase upwards of...

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Jack Lew: U.S. could grow by 3% this year

Davos, Switzerland (CNNMoney) "We have a good first quarter underway, I believe," Lew said at the World Economic Forum in Davos, Switzerland. Lew was reluctant to make a specific prediction about the rate of expansion this year, but said there...

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Microsoft sales soar 14%

Microsoft shares rise after company reports strong second quarter sales that beat analyst estimates NEW YORK (CNNMoney) The software giant posted solid shipments of the Xbox One, selling 3.9 million of the new game consoles. Microsoft has been...

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Netflix stock soars 16% on huge subscriber growth

Netflix's best subscriber growth in three years helped send the stock soaring in after-hours trading. NEW YORK (CNNMoney) In international markets, including Canada and Latin America, the service gained another 1.7 million subscribers, allowing...

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Lew: Raise debt ceiling before late February

Treasury Secretary Jack Lew makes it official in a letter to Congressional leaders: They must move before end of February to raise nation's debt ceiling to ward off any risk of a U.S. default. NEW YORK (CNNMoney) Otherwise, he said, the Treasury...

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eBay spikes after-hours on Icahn proposal

Activist investor Carl Icahn wants eBay to spinoff PayPal into a separate company. NEW YORK (CNNMoney) In its fourth quarter earnings release, eBay (EBAY, Fortune 500) said Icahn wants the tech giant to spin off PayPal into its own company. ...

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Opinion: Mobility is the problem, not income inequality

The problem for the 99% is not that incomes for the top 1% have grown faster than everyone else's, says social policy expert Scott Winship. It's because economic mobility has been stagnant for decades. Washington, D.C. (CNNMoney) Too many families...

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The world's most expensive whisky

NEW YORK (CNNMoney) A large crystal decanter filled with rare Macallan "M" whisky sold for $628,205 at a Sotheby's auction in Hong Kong this weekend. That hefty price tag set a new world record for the most expensive single-malt whisky sold at auction....

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Opinion: Why growing income inequality matters

The concern about growing income inequality is not about begrudging the wealthy their success, says economist Jared Bernstein. The worry is that it is curbing everyone else's economic potential. Washington, D.C. (CNNMoney) First, by giving a...

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Global economic recovery feeds growing inequality

For many, the recovery from the financial crisis is a phantom: Many people can't see an improvement in their quality of life, and the gap between rich and poor is growing. DAVOS (CNNMoney) The top line numbers are looking brighter: The global...

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Investors should root for Seattle ... maybe

If you believe in the Super Bowl indicator, you may want to root for Russell Wilson and the Seattle Seahawks over Peyton Manning's Denver Broncos. NEW YORK (CNNMoney) According to this bit of Wall Street lore, the Dow tends to go up when a team...

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