Index
ABC News: Money
Amidst a climate of populist outrage and corporate missteps, shareholders are voting en mass to cut executive pay thanks to a new government rule called "say on pay." The board of directors, who determine CEO pay, don't have to listen to the shareholder vote but most of are listening.
The CEO of Sprint Dan Hesse received a $3.25 million pay cut after shareholders expressed concern with a deal Hessee cut with Apple to carry the iPhone on the Sprint Network. The deal will cost Sprint $15.5 billion and the Sprint will reportedly not profit from the deal till 2015.
But are "say on pay" shareholder votes, while non-binding, a helpful feedback tool or do they encourage Monday morning quarterbacking?
It used to be that $1 million could buy you a healthy chunk of real estate–a mansion, maybe, or a few acres of land. But in Manhattan’s tony Greenwich Village, it will buy you a parking spot. That’s right: A garage space at 66 E.11th...
Shares of Facebook plunged below its IPO price and previous close.
The black and white world of the clergy is getting some color and creativity thanks to Ed Young, the pastor that oversees Fellowship Church based in the Dallas-Fort Worth area and Miami.
The Consumer Federation of America, CFA, has created a fascinating, fantastic quiz about credit scores –what they are, what factors into them, what lowers them and so on. It's worth taking, because as I have often preached here, credit costs money –big money—and there are two ways to cut that cost: use less credit and get credit for less. The way you get credit for less is by maintaining a high credit score and if you don't understand how they work, that's hard to do.
Morning Business Memo: A Facebook fiasco for Nasdaq. The chief executive of the Nasdaq stock market admits he was "embarrassed" by what happened on Friday when trading glitches led to doubts about the market’s ability to handle hot IPOs. Nasdaq not only delayed the start...
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Despite recent dreary forecasts for the U.S. housing market, a handful of wealthy Americans are still shelling out the big bucks for lavish homes. From New York to California, country mansion to penthouse suite, these collosal homes are fit for royals.
Here is a look inside the seven most expensive homes in America.
They are finding training and jobs in previously all-male field thanks to modern-day gold rush.
Tax revenue from Facebook's $104 billion IPO may not fill California's $16 billion budget deficit, but it will likely give a boost to Silicon Valley's already inflated real estate prices.
Mark Zuckerberg, CEO and founder of Facebook, rang the opening bell from company headquarters in Menlo Park, California.
Morning Business Memo Sure it’s a really big deal, but is Facebook a smart investment? Analysts are deeply divided over the very high price. Expect an instant jump when trading begins late this morning, but later Facebook shares could slump. The world’s biggest-ever Internet IPO...
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Lauren Odes, 29, accuses her bosses at a lingerie wholesaler of discrimination.
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Farnoosh Torabi explains how you can save money.
Ellen Braitman analyzes the morning business headlines.
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Oriane Rousseau describes the events that lead to her husband's death.
Kentucky businessman purchased closing store's merchandise to give it away.
Unidentified buyer of duplex apartment in midtown sets real estate record.
Jeff Macke offers insight on the biggest Internet IPO ever.
Facebook CEO gathers with employees at California headquarters for IPO.
Ellen Braitman explains why you may have to wait.
Jeff Macke analyzes the morning business headlines.
U.S. companies large and small are finding that there is money to be made in China if they can get their products over there.
Worried for the future, Greeks are pulling money out of banks at an increasing rate and either transferring it abroad when they can or hiding it at home.
The drum beating over Facebook’s upcoming IPO has created a supercharged atmosphere where investors are clamoring for a piece of the action. Take Jim Supple. He’s already tried to buy the stock in advance of the IPO, so far without success. Supple has a job in finance...
A pawn shop next to the likes of Hermes, Tiffany’s and Chanel on Rodeo Drive would have, just a few years ago, been an unheard of sight. But the classic pawn shop, where you sell or get a loan for your jewelry to pay back...
Even the most sophisticated home buyer can find mortgages daunting. And that’s precisely why the U.S. Consumer Financial Protection Bureau is planning to propose new rules that will simplify things like mortgage points and fees and bring greater transparency to the mortgage loan origination market,...
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The great recession has taken a heavy toll on college grads, with only half of those who graduated between 2006 and 2011 reporting they have full-time jobs, according to a new study. The survey by Rutgers University’s John J. Heldrich Center for Workforce Development was based...
Life is fleeting — even for inanimate objects. Take your favorite iGizmo: How long will it continue to wink and blink, to coo and vibrate, before the digital reaper calls it to the junk heap? According to a recent survey by Consumer Reports ("What Breaks, What Doesn’t?"),...
Fidelity: Retired couple needs $240,000 for health costs, up 4 percent from 2011 estimate
Daniel Suelo is 51 years old and broke. Happily broke. Consciously, deliberately, blessedly broke.
Not only does he not have debt, a mortgage or rent, but he does not earn a salary. Nor does he buy food or clothes, or own any product with a lower case 'i' before it. Home is a cave on public land outside Moab, Utah. He scavenges for food from the garbage or off the land (fried grasshoppers, anyone?). He has been known to carve up and boil fresh road kill. He bathes, sans soap, in the creek.
John Taylor from Loveland, Colo. had about $66,000 in his employer-sponsored 401(k) around 2006, the peak of all his retirement savings, before the recession and a chain of unexpected events drained his fund completely.
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Six years after the death of a New Jersey college student, Key Bank has agreed to forgive his student loan that his father had co-signed.
In a twist of irony, a West Virginia woman is trying to collect money from a collection agency. Diana Mey, of Wheeling, W. Va., won the largest judgment ever against an abusive debt collection company -- more than $10 million.
