GM recall: 10 things you need to know

GM has recalled 2.2 million cars, including the Chevrolet HHR, over a defect in the ignition switch that can turn the car off unexpectedly when it's on the road. NEW YORK (CNNMoney) That major recall combined with others means General Motors...

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ABC's Josh Elliott leaving 'Good Morning America' for NBC Sports

ABC's Josh Elliott is taking a new role at NBC Sports, raising questions about morning show staffing. NEW YORK (CNNMoney) The move has raised immediate questions about whether Elliott is now in line to take over "GMA's" main rival, the "Today"...

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Michael Lewis: Markets are 'rigged'

Michael Lewis' new book examines high-frequency trading. (An earlier version of this story featured an incorrect photo.) NEW YORK (CNNMoney) "Flash Boys: A Wall Street Revolt" explains how several insiders discover these firms are gaining an...

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GM's recall problems grow

NEW YORK (CNNMoney) Late in the day, GM said it had recalled 172,000 Chevrolet Cruzes "to replace a right front axle half shaft that can fracture and separate without warning during normal driving." Hours earlier, the automaker said it had told...

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GM adds 824,000 vehicles to recall

NEW YORK (CNNMoney) Until today the recall included the Chevrolet Cobalt and HHR, the Pontiac G5 and Solstice, and Saturn Ion and Sky through model year 2007. Now the company is including all model years of those vehicles because faulty switches could...

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Tesla reaches deal to keep selling in New York

NEW YORK (CNNMoney) Tesla (TSLA) and the New York Automobile Dealers Association have reached a compromise in their battle over Tesla's existing five stores in New York City and surrounding suburbs. The dealers had been pushing to shut down the...

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S&P downgrades Target for data breach

Last year's data breach keeps hurting Target. S&P downgraded it one notch. NEW YORK (CNNMoney) The breach compromised credit card numbers and personal information of tens of millions of customers during the 2013 holiday season. Target (TGT,...

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Ford boosts CEO pay 11% to $23.2 million

Ford CEO Alan Mulally is credited with turning the company around. NEW YORK (CNNMoney) Mulally was paid $23.2 million in 2013, up from about $21 million the previous year, Ford (F, Fortune 500) said in a regulatory filing. For 2013, the automaker's...

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GM adds 824,000 vehicles to recall

NEW YORK (CNNMoney) Until today the recall included the Chevrolet Cobalt and HHR, the Pontiac G5 and Solstice, and Saturn Ion and Sky through model year 2007. Now the company is including all model years of those vehicles because faulty switches could...

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Find hidden IRA savings

Three ways to save more for retirement and lower your taxes over the long run. (Money Magazine) Unlike most tax breaks, which expire at the end of the tax year, you have until midnight on April 15 to make a 2013 IRA contribution -- of up to $5,500,...

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Kickstarter backlash over Oculus overblown?

Oculus Kickstart investors feel betrayed NEW YORK (CNNMoney) Oculus VR chief Palmer Luckey used Kickstarter to raise $2.4 million. Over 9,500 people backed the initial call for funding in August and September 2012. Many who donated felt they...

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Connecticut boosts minimum wage to $10.10 by 2017

Gov. Dannel Malloy will sign the bill Thursday at a cafe where he discussed wages earlier this month with President Obama. NEW YORK (CNNMoney) The state legislature approved the bill Wednesday and Gov. Dannel Malloy, who proposed the increase,...

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Candy Crush maker prices IPO

NEW YORK (CNNMoney) King Digital Entertainment will begin trading Wednesday under the ticker KING on the New York Stock Exchange at $22.50 a share the company said on Tuesday night. The Dublin, Ireland-based game maker sold 22.2 million shares...

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Facebook to buy virtual reality firm Oculus VR for $2 billion

NEW YORK (CNNMoney) The social networking giant announced plans Tuesday to buy virtual reality firm Oculus VR for $2 billion, its latest high-profile acquisition. Oculus makes the Oculus Rift headset, which covers your eyes and immerses you in...

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Malaysia Airlines Flight 370: How much will families be paid?

Passengers have waited more than two weeks for news about their loved ones aboard Malaysia Airlines Flight 370. NEW YORK (CNNMoney) International and contract law provide some answers, but the true figures will likely be settled when insurance...

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Arizona may allow Tesla sales

NEW YORK (CNNMoney) The bill is part of Arizona's effort to be the home state of a massive Tesla factory currently under development. Arizona is one of four southwestern states Tesla is considering for its so-called gigafactory, a $1.6 billion...

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Report: Leaked Snowden documents show NSA hacked Chinese telecom company

NEW YORK (CNNMoney) The Times reported the U.S. National Security Agency monitored communications of top Huawei executives looking for evidence of ties to the Chinese government and military. The documents do not confirm those ties, the Times reported....

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China's factories hit 8-month low

HONG KONG (CNNMoney) HSBC said that its "flash" measure of sentiment among manufacturing purchasing managers fell to 48.1 in March. Analysts had expected the index to rebound from its final reading of 48.5 in February. Any number under 50 indicates...

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Taxpayers hit with fewer audits

NEW YORK (CNNMoney) The agency audited 1.4 million people last year, down 5% from 2012 and the lowest number of audits conducted since 2008, according to IRS statistics released Friday. The IRS blamed its shrinking budget for the drop-off, saying...

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Are Netflix users ripping off the rest of us?

Reed Hastings says Netflix is "reluctantly" paying for faster connections to broadband networks. NEW YORK (CNNMoney) Hastings sounded off Thursday on the likes of Verizon (VZ, Fortune 500), Comcast (CMCSA, Fortune 500) and others, accusing them...

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No winners for $1 billion NCAA challenge

NEW YORK (CNNMoney) The $1 billion prize for a perfect NCAA bracket that his Berkshire Hathaway (BRKA, Fortune 500) was backing will go unclaimed. None of the fans who signed up for the perfect bracket challenge sponsored by Quicken Loans and Yahoo...

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Taxpayers hit with fewer audits

NEW YORK (CNNMoney) The agency audited 1.4 million people last year, down 5% from 2012 and the lowest number of audits conducted since 2008, according to IRS statistics released Friday. The IRS blamed its shrinking budget for the drop-off, saying...

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Are Netflix users ripping off the rest of us?

Reed Hastings says Netflix is "reluctantly" paying for faster connections to broadband networks. NEW YORK (CNNMoney) Hastings sounded off Thursday on the likes of Verizon (VZ, Fortune 500), Comcast (CMCSA, Fortune 500) and others, accusing them...

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Obamacare: Some may have more time to finish applications

The administration may let some people finish their Obamacare applications after March 31 NEW YORK (CNNMoney) Administration officials have repeatedly said they are not extending the open enrollment deadline. But they are now considering giving...

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IRS monitor: $1 million phone scam 'largest ever'

The phone scam stole at least $100 million. NEW YORK (CNNMoney) That's the warning from federal authorities, who on Thursday said a nationwide phone scam has stolen $1 million from thousands of unsuspecting people. The impostor claims to be...

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Risks in focus as China's economy slows

Industrial production, retail sales, and investment growth in China have all disappointed in recent months. HONG KONG (CNNMoney) A winter malaise has become something of a pattern for China's economy in recent years, with slower growth in January,...

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GM CEO Mary Barra to testify before Congress

GM CEO Mary Barra will testify before Congress. HONG KONG (CNNMoney) The hearing was announced by the House Energy and Commerce Committee on Thursday. David Friedman, the acting head of the National Highway Traffic Safety Administration, will...

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When do I stop paying Social Security taxes?

Any earnings greater than $117,000 are not subject to Social Security taxes. NEW YORK (Money Magazine) No, you don't. The maximum amount of earnings subject to Social Security tax this year is $117,000, up from $113,700 in 2013. Beyond the...

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10 things about the Moto 360 smartwatch

NEW YORK (CNNMoney) Motorola chief designer Jim Wicks sat down to discuss some of the Moto 360's guiding design principles and offer up a few new bits of info on the forthcoming product. Here are 10 things from that talk we found particularly interesting....

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Starbucks CEO backs minimum wage raise

Howard Schultz applauds Obama for taking stance on minimum wage. NEW YORK (CNNMoney) "I applaud the President for taking a stance on raising the minimum wage," he told CNN's Poppy Harlow in an interview. But Schultz, known to donate to Democratic...

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Porsche to replace GT3 engines due to fire risk

The Porsche 911 GT3 is hot, so hot that it can catch fire, so the company is going to replace the engine. NEW YORK (CNNMoney) The GT3 is a track-oriented two-seat version of the 911 sports car. Prices for the car start at $130,000. It can go...

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Microsoft stock up 4%, hits 14-year high

Microsoft's 14-year roller coaster ride is over, as its stock reached its highest level since March 2000. NEW YORK (CNNMoney) The stock rose after Microsoft (MSFT, Fortune 500) disclosed plans for a press conference about a new product for mobile...

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