Does Ello have what it takes to be the anti-Facebook?

Fear of missing out is attracting users to invite-only social network Ello. NEW YORK (CNNMoney) Ello co-founder Paul Budnitz said requests and approvals for access to the invite-only service were totaling 40,000 per hour. The LGBT community is...

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Bank to pay everyone at least a 'living wage'

First Green Bank's "living wage" policy will raise payroll costs, but CEO Kenneth LaRoe said he expects it will make the bank money over time. NEW YORK (CNNMoney) It also will apply to workers' pay. On Wednesday, 17% of First Green's 66 employees...

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'Crouching Tiger' sequel to hit Netflix and theaters simultaneously

NEW YORK (CNNMoney) On that date, Netflix will premiere a feature film -- the sequel to the 2000 hit "Crouching Tiger, Hidden Dragon" -- at the same time moviegoers can see it in theaters. The dual release will be the realization of Netflix's...

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Monday is National Coffee Day. No kidding.

Americans sure are fond of their coffee. NEW YORK (CNNMoney) Of course it's a stunt, a marketing celebration of the juice on which America runs (if you believe one sales pitch). But if you play it right, you can get a free — or cheap — cup...

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Harley-Davidson recalls all 2014 Touring motorcycles

Harley-Davidson is recalling all 2014 Touring bikes, including the Road King, pictured here. NEW YORK (CNNMoney) The recall applies to all model year 2014 Touring bikes, including the three-wheeled trikes and custom designed bikes. Last October,...

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India's new prime minister to corporate America: Come to India

India's leader Narendra Modi packed Madison Square Garden for a sellout performance to 18,000 members of the Indian diaspora on Sunday. NEW YORK (CNNMoney) But none of the others got a rock star welcome from their communities like India's Prime...

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PayPal now lets shops accept Bitcoin

NEW YORK (CNNMoney) This week, the payment processing company PayPal took its first venture into the world of all-digital money. Merchants that work with eBay's (EBAY, Tech30) PayPal can now easily start accepting payments from customers that...

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How iPhone apps could impact your insurance

Apple's new Health app in action. NEW YORK (CNNMoney) As part of Apple's (AAPL, Tech30) new mobile operating system, developers can build apps that measure things like heart rate, sleep, weight and blood pressure. If users choose to do so, they...

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Hello Ello (Peace out, Facebook!)

Ello doesn't require your picture or your name to sign up. NEW YORK (CNNMoney) Earlier this month, the social media giant made headlines for suspending the accounts of several gay and transgender entertainers. The rationale? The accounts weren't...

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U.S. says companies illegally fired transgender workers

NEW YORK (CNNMoney) The U.S. Equal Employment Opportunity Commission brought the suits, which claim violations of the 1964 Civil Rights Act, against a family-run funeral home in Detroit and a health care firm in Lakeland, Florida. The first case...

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Disney princesses ditch Mattel, run away with Hasbro

NEW YORK (CNNMoney) Hasbro (HAS) announced this week that it will get the rights to manufacture Disney (DIS)'s Frozen dolls along with the rest of the Disney Princess franchise. The deal will end a nearly 20-year-old partnership between the entertainment...

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Nike online sales jump 70%, stock surges

Did you buy your Nike shoes online? Seems like everyone else did. NEW YORK (CNNMoney) The company's investments to improve Nike.com and its flashy Nike ID site that gives shoppers endless options to customize shoes and gear brought in shoppers....

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Top GM execs paid $1 million in last year of bailout

The U.S. Treasury let GM execs get salaries that were too big, according to a watchdog report. NEW YORK (CNNMoney) The report blamed the Treasury Department for loosening the limits on executive pay that came as conditions to the bailout. ...

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Bay Area restaurant: "Hate us on Yelp"

NEW YORK (CNNMoney) The stunt is the owners' quest to subvert the online review site's ratings system and garner publicity, following a dispute. The whole thing started two years ago, when Davide Cerretini and his business partner Michele Massimo...

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ESPN suspends Bill Simmons for three weeks

NEW YORK (CNNMoney) "Every employee must be accountable to ESPN and those engaged in our editorial operations must also operate within ESPN's journalistic standards," the sports network said in a statement. "We have worked hard to ensure that our...

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Stolen Jaguar returned to owner 46 years later

U.S. Customs and Boarder Protection officers at the ports of Los Angeles and Long Beach seized five cars last month including a 1967 Jaguar XKE stolen in New York City 46 Years ago. LOS ANGELES (CNNMoney) Schneider was 36 and a young New York...

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Why Hollywood's dismal summer won't matter

Disney and Marvel's "Guardians of the Galaxy" was one of Hollywood's lone successes from this past summer. Next year should tell a different story. NEW YORK (CNNMoney) The film industry just came off its worst North American summer movie season...

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Crazy corporate tax loopholes? 'Inversions' are small potatoes

NEW YORK (CNNMoney) Few argue that the loopholes that encourage such tax-driven mergers with foreign companies are fine and dandy. In fact, many lawmakers and tax experts wouldn't mind seeing them closed. But inversions are relatively small potatoes...

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Student homelessness hits another record high

Homelessness is a growing problem for children in U.S. public schools. NEW YORK (CNNMoney) Approximately 1.3 million students enrolled in U.S. public preschools, elementary schools, middle schools and high schools schools were homeless during...

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Ferrari recalls 3000 cars for entrapment danger

Ferrari is recalling over 3,000 Ferrari 458 sports cars because people could be trapped in the front trunk. NEW YORK (CNNMoney) Since the engine is mounted behind the seats, the "trunk" in these cars is in the front. According to U.S. safety...

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Treasury acts to stop overseas tax 'inversions'

Treasury Secretary Jack Lew said he was taking the "first, targeted steps" against companies that use foreign mergers to reduce their U.S. tax bills. NEW YORK (CNNMoney) The process, known as inversion, has been all the rage in the corporate...

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For rich people, mortgages are getting cheaper and easier

NEW YORK (CNNMoney) Not only are big-pocketed borrowers paying lower average rates on the high dollar value loans known as jumbo mortgages, but lenders are now requiring even smaller down payments -- and, in some cases, they are waiving the mortgage...

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Ravens spend 'six figures' on Ray Rice jersey swap

A one-time Ray Rice fan waits in line to exchange jerseys. NEW YORK (CNNMoney) The Ravens said earlier this month that fans could trade in official jerseys with Rice's name and number after the running back was cut from the team and suspended...

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Climate protesters to 'flood' Wall Street on Monday

Activists say Wall Street Capitalism is fueling the climate crisis. NEW YORK (CNNMoney) The #FloodWallStreet campaign is part of a series of demonstrations taking place this week as world leaders gather in New York for a climate change summit...

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The fight against Ebola is grossly underfunded

NEW YORK (CNNMoney) "Their economies are basically being devastated," said Daniel Epstein, a spokesperson for the World Health Organization. "Economic activity has halted in many areas there. The harvest isn't going on. People can't fly in and fly...

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Friday Links

NEW YORK (CNNMoney) A weekly collection of design, data and interactive links.VideoButter Fingers | Items you might not want to let slip through your fingersThe Sound of COS | Experience the sound of COS in a short film by Lernert & SanderMusic...

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GM recalls 205,000 Cadillacs, Impalas

NEW YORK (CNNMoney) On Saturday, the automaker announced it was recalling Cadillac XTS and Chevrolet Impalas because of a problem with the electronic parking brake arm in some vehicles. GM (GM) said it was not aware of any crashes, injuries or...

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Hey Occupy Wall Street, abolish my debt too!

Charlene Ingram, a single mother of four, has $125,000 in student loan debt. NEW YORK (CNNMoney) Now thousands of people across the country are begging them to forgive their loans, too. Charlene Ingram is one of them. A single mother of four...

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Post-it note eating insider trader pleads guilty

Who's hungry? Insider trader ate his Post-it notes after passing stock tips. NEW YORK (CNNMoney) Frank Tamayo, a 41-year-old Brooklyn man, surrendered Friday morning to the Federal Bureau of Investigation and pleaded guilty in Federal Court in...

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Friday Links

NEW YORK (CNNMoney) A weekly collection of design, data and interactive links.VideoButter Fingers | Items you might not want to let slip through your fingersThe Sound of COS | Experience the sound of COS in a short film by Lernert & SanderMusic...

10.20 | 0 komentar | Read More

Retirement savings gap widens between rich and poor

In 2013, households in the lowest income bracket had a median savings balance of just $13,000, while those in the top income bracket had median savings of $452,000. NEW YORK (CNNMoney) Last year, the typical 55- to 64-year-old household had just...

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Rupert Murdoch stays quiet on Scotland vote

NEW YORK (CNNMoney) But not Rupert Murdoch, potentially one of the most influential voices as CEO of News Corp. and 21st Century Fox. The media mogul, who is of Scottish ancestry, owns The Sun, Scotland's biggest newspaper. The Sun editorial...

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It's official: Alibaba prices at $68

NEW YORK (CNNMoney) The stock priced at $68 per share. That's at the top of the expected range, signaling strong demand. Only large investors like hedge funds are typically able buy at this IPO price. Alibaba's shares will begin trading Friday...

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Pier 1 Imports shares fall 11%

Foot traffic is down at Pier 1 stores. NEW YORK (CNNMoney) Shares plunged as much as 11% in after-hours trading Wednesday after the company said profit was nearly cut in half during its most recent quarter. Pier 1 earned less despite an increase...

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Millennials are staying put at mom and dad's place

NEW YORK (CNNMoney) Well, they haven't moved out yet. They also don't seem to be in a hurry to get married, have kids -- or buy a home. And that has pushed the homeownership rate among young adults ages 18 to 34 to a new low of 13.2%, according...

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Alibaba IPO means a big payday for Jack Ma

HONG KONG (CNNMoney) Ma is selling 12.75 million shares in Alibaba's IPO, bringing in as much as $867 million if they are priced at the top of the target range of $66 to $68. That's no mean way for the Chinese entrepreneur to ring in his 50th birthday,...

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