Crippling hack forced Sony to use old BlackBerrys

NEW YORK (CNNMoney) Executives also used the tried-and-true tactic for relaying messages: a phone tree. CEO Michael Lynton told the Wall Street Journal Tuesday that it took him more than a day to fully understand the severity of the attack. It...

10.20 | 0 komentar | Read More

Millions of homeowners could refinance and save big

NEW YORK (CNNMoney) Nearly one in five homeowners who are behind on their mortgage payments have loans with interest rates of 8% and higher -- nearly double today's rates of around 4%, according to nonprofit community development group NeighborWorks...

10.20 | 0 komentar | Read More

The only funds you need in your portfolio now

NEW YORK (CNNMoney) A lot of people have the mistaken impression that to successfully invest for retirement you've got to assemble a portfolio of at least a half dozen or more mutual funds or ETFs. That's nonsense. The number of funds you own...

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Newsweek finds Christianity again with its latest cover

NEW YORK (CNNMoney) But religious-themed cover stories have long been a hallmark of the publication, and Jesus, in particular, has been a recurring figure. Before the turn of the century, the magazine explored "2000 Years of Jesus." When Mel...

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Why is United Airlines suing a 22-year-old?

22-year-old Aktarer Zaman founded Skiplagged.com last year. NEW YORK (CNNMoney) United Airlines (UAL) and Orbitz (OWW) filed a civil lawsuit last month against 22-year-old Aktarer Zaman, who founded the website Skiplagged.com last year. The...

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Wealthy Russians aren't buying U.S. homes anymore

NEW YORK (CNNMoney) Deep-pocketed Russian buyers have been disappearing since last spring when international sanctions were imposed on Russia. Over the past few years, Russian buyers have been responsible for some of the flashiest purchases in...

10.20 | 0 komentar | Read More

'The Interview': $15 million, 2 million streams

NEW YORK (CNNMoney) Sony Pictures said Sunday that the scandalous Seth Rogen comedy was "rented or purchased online more than 2 million times" between Wednesday, when it was released, and Saturday. The totals do not include Sunday, when Rogen and...

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AirAsia CEO takes to Twitter fast in wake of tragedy

Tony Fernandes, CEO of AirAsia. (CNNMoney) "This is my worse nightmare," CEO Tony Fernandes posted on Twitter as a search and rescue operation was underway. "My only thought(s) are with the (passengers) and my crew. We put our hope in the SAR...

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AirAsia shares slide after plane vanishes

HONG KONG (CNNMoney) Company shares were off by more than 10% in the opening minutes of trading in Malaysia. The search for the missing plane, which lost contact with air traffic controllers early Sunday morning, has resumed in the shallow waters...

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A defiant Sony scrambles to find a way out for 'The Interview'

NEW YORK (CNNMoney) This weekend the embattled movie studio is in active discussions with potential distribution partners, figuring out if there's a way forward for the film that provoked a crippling cyberattack, an FBI investigation and a presidential...

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Last-minute Christmas shopping guide

NEW YORK (CNNMoney) You've already missed the deadline for free shipping from Amazon (AMZN, Tech30), for example. (It was Friday.) But the online store says gifts ordered as late as Tuesday can still be under the tree on Thursday if you pay for...

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Republicans to theaters: Don't be 'bullied,' show Sony's 'The Interview'

NEW YORK (CNNMoney) In a letter obtained first by CNN, RNC chairman Reince Priebus encouraged the CEOs of 10 major theater chains to show the controversial comedy starring Seth Rogen and James Franco. "I want to speak clearly on behalf of the Republican...

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How has middle class Christmas changed?

NEW YORK (CNNMoney) CNNMoney wants to know what was under your Christmas tree 30 years ago (Think: Trivial Pursuit, Cabbage Patch dolls, Transformers) and what are you wrapping this year (Think: iPhones, Fitbits and PlayStation)? Do you, your...

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'Colbert Report' says goodbye with record ratings

NEW YORK (CNNMoney) On Thursday, 2.5 million viewers watched as Stephen Colbert ended his very popular satirical news show, "The Colbert Report." This made the finale the most-watched episode in the show's history. And that number may even grow...

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Reporter behind story of $72 million teen trader stays at NY Mag

NEW YORK (CNNMoney) Jessica Pressler was slated to join the Bloomberg News investigative unit, but got caught up in controversy this past week following a story she wrote about a New York City high school student who said he'd made $72 million trading...

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Sony downplays digital 'Interview' possibility

NEW YORK (CNNMoney) Or maybe not. On Wednesday night, after Sony (SNE) canceled the film's planned Christmas Day release of the controversial film, the embattled studio also discouraged speculation that it might release the film digitally. "Sony...

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Americans send $2 billion a year to Cuba

NEW YORK (CNNMoney) Most of it came from Cuban-Americans sending money home to their families. But now, anyone in the U.S. can send up to $8,000 a year to just about anybody in Cuba, as the Obama Administration eases restrictions with the Communist...

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Cuba poised to join the Internet age

NEW YORK (CNNMoney) Internet access in Cuba is heavily restricted and the cost is well above what most Cubans can afford. Just 5% of Cubans have unfiltered access to the Internet, according to Freedom House, a watchdog group. But all that could...

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Jack Ma made $18.5 billion this year

Thanks, Wall Street. NEW YORK (CNNMoney) Alibaba (BABA, Tech30) founder Jack Ma made more money than anyone this year, increasing his wealth by 173% -- a gain of $18.5 billion -- according to a list of the year's biggest winners and losers, from...

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Google Ventures: less Ubers, more health care

NEW YORK (CNNMoney) Google (GOOG)'s VC investment arm is doubling down on life science and health service startups. This means everything from digitizing primary care (One Medical) to cloud-based genome data (DNA Nexus). It's the first year that...

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The 2014 tax breaks you'll be able to take

Congress waited until the last minute to extend a slew of tax breaks - and a handful will affect individuals directly. NEW YORK (CNNMoney) Congress on Tuesday night extended dozens of expired "temporary" tax breaks for 2014. It took the Senate,...

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Meet the 'accidental American' with a big tax bill

All Americans must file and pay U.S. taxes, no matter where they live or work. HONG KONG (CNNMoney) Meet Elad Shahar, who was born in 1969 to Israeli parents in New York when his father was posted there for work. Anybody born on U.S. soil...

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Airlines get $1 billion from baggage fees

Airlines are raking in big bucks from baggage fees. NEW YORK (CNNMoney) All together the 27 U.S. airlines took in a total of $960 million from baggage fees last quarter, according to data released by the Department of Transportation Monday. ...

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Walmart 'layaway 'angel' pays $50k

Angels are real for many shoppers with gifts on layaway this holiday season. NEW YORK (CNNMoney) Stories of anonymous, deep-pocketed patrons paying for customers' layaway items at major retailers are becoming more common as Christmas nears. ...

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Sony lawyer tells media to stop reporting on material stolen by hackers

NEW YORK (CNNMoney) Attorney David Boies said Sunday that the hackers' tactics are part of "an ongoing campaign explicitly seeking to prevent [Sony] from distributing a motion picture." "The perpetrators of the theft have threatened" Sony employees,...

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Elizabeth Warren ends up a winner in spending fight

NEW YORK (CNNMoney) Warren implored her colleagues to change the bill because it undoes a central piece of the Dodd-Frank financial reform law. Warren called the legislation a giveaway to Wall Street "written by lobbyists for Citigroup." She won...

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Russia is buying weapons - a lot of them

LONDON (CNNMoney) Russian defense companies boosted sales by more than 20% last year, driven by demand from the country's military, according to new data from the Stockholm International Peace Research Institute. That compares with a 2% decline...

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Toys 'R' Us 'layaway angels' pay thousands for others' gifts

NEW YORK (CNNMoney) Two customers at separate Toys 'R' Us stores paid off thousands in debts on layaway items, giving hundreds of customers some extra holiday cheer. One person paid $19,600 at a store in Auburn, Mass., about 47 miles east of...

10.20 | 0 komentar | Read More

Wall Street bets on Russia and Venezuela defaults

NEW YORK (CNNMoney) Plunging oil prices have slammed the economies of both countries, which are highly dependent on oil revenue. On Wall Street currently, the cost to insure Russia's five-year bonds have surged to the highest levels since 2009....

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Uber's global ambitions hit roadblocks

NEW YORK (CNNMoney) The most recent came on Friday. After being sued by taxi companies in France, a court allowed Uber to operate, but rivals are saying the company's legal battles haven't ended. Earlier in the week, a Spanish judge temporarily...

10.20 | 0 komentar | Read More

Wall Street bets on Russia and Venezuela defaults

NEW YORK (CNNMoney) Plunging oil prices have slammed the economies of both countries, which are highly dependent on oil revenue. On Wall Street currently, the cost to insure Russia's five-year bonds have surged to the highest levels since 2009....

10.21 | 0 komentar | Read More

Uber's global ambitions hit roadblocks

NEW YORK (CNNMoney) The most recent came on Friday. After being sued by taxi companies in France, a court allowed Uber to operate, but rivals are saying the company's legal battles haven't ended. Earlier in the week, a Spanish judge temporarily...

10.21 | 0 komentar | Read More

Toys 'R' Us 'layaway angels' pay thousands for others' gifts

NEW YORK (CNNMoney) Two customers at separate Toys 'R' Us stores paid off thousands in debts on layaway items, giving hundreds of customers some extra holiday cheer. One person paid $19,600 at a store in Auburn, Mass., about 47 miles east of...

10.21 | 0 komentar | Read More