NEW YORK (CNNMoney) — Amazon said Thursday it is terminating its relationship with thousands of California associates because of a new law that would require the online mega-retailer to collect sales taxes if it has affiliates in the state. Governor Jerry Brown signed the measure into law on Thursday as ...
LONDON — Hundreds of thousands of teachers and public-sector workers across Britain walked off their jobs on Thursday to protest the government’s proposed changes to their pension plans. Union officials warned that this could be the beginning of a wave of strikes this summer and fall over pensions and public-sector ...
Investors who bought bonds backed by shaky loans scored a major victory Wednesday with the announcement that Bank of America will pay more than $8 billion to make up for some of their losses. Homeowners on the other end of those shaky mortgages — especially those most at ...
NEW YORK — Stocks closed higher for the third day in a row Wednesday after Greece cleared a hurdle toward getting more emergency loans. Financial stocks rose after Bank of America reached a settlement with investors over failed mortgage securities. Greek lawmakers passed an austerity bill that brought the ...
TORONTO: The London and Toronto stock exchanges abandoned plans for a C$3.6 bn merger on Wednesday, as it became clear they would not win enough shareholder support for their transatlantic alliance . In brief statements issued just one day before a shareholder vote, the exchanges said they realized TMX Group ...
June 29, 2011, 3:42 pmBy ANN CARRNS Planning to bring the dog along in the car as you head out for your summer road trip? There’s a growing consensus that dogs should be restrained while traveling in automobiles, just like people. Many Americans can’t bear to be parted from their ...
NEW YORK: Wall Street rose on Wednesday after the Greek parliament approved austerity measures to avoid defaulting on its debt, but stocks were off their highs on profit taking after hefty gains this week. Optimism about the plan’s approval in Greece has pushed the benchmark S&P 500 to its best ...
Pretty much everyone agrees it’s a good idea for home buyers to put some of their own money down when borrowing to buy a house. Having a stake in the property, the thinking goes, encourages homeowners to keep making payments on the mortgage. But how much of a down payment ...
NEW YORK (CNNMoney) — Don Poffenroth spent more than 20 years watching his 401(k) eke out returns of 3% to 5%. Until, in 2007, he decided to take a bold step: He emptied out his 401(k) into a self-directed IRA and funneled all of his savings — $300,000 — into ...
Bank of America agreed to pay $8.5 billion to settle claims against mortgage-backed securities NEW YORK (CNNMoney) — In the biggest reckoning of the 2008 financial crisis, Bank of America said Wednesday it will pay $8.5 billion to investors burned by fraudulent mortgage securities. Shares of Bank of America (BAC, ...
ATHENS — The Greek Parliament was preparing to vote Wednesday on a package of austerity measures the country must implement if it is to gain access to emergency international lending and stave off default, an outcome that could have major repercussions across the global financial system. Stock markets rallied across ...
By Allison Linn, senior business writer With the legalization of gay marriage in New York — which comes just in time for wedding season — you may be pondering what to get the happy newlyweds in your life. May we suggest a subscription to Netflix, a nice lunch at Subway ...
The two sides will not make progress on a deal to extend the U.S. borrowing authority as long as Democrats continue to push for tax increases, the Senate’s top Republican said. “The path forward … seems to be blocked by the insistence on raising taxes in the middle of an ...
More employers are moving away from offering group insurance plans for early retirees, according to Towers Watson. NEW YORK (CNNMoney) — Employers are getting out of the retirement insurance business. This could be worrisome for American workers who want to retire, before hitting the Medicare-eligible age of 65.
Experts say earnings are on track to rise 13% this year, according to an exclusive CNNMoney survey. Click chart for more survey results. NEW YORK (CNNMoney) — Hooray for earnings! The economy may be slowing, but don’t expect too much of a hiccup in the upcoming earnings season.
ATHENS — Greeks walked off the job for 48 hours on Tuesday, a day before Parliament is to vote on unpopular austerity measures that are deemed critical to unlocking international financial support. The rare two-day strike, organized by the country’s two main labor unions, is the second walkout this month ...
Green is back in venture capital circles — but call it light green. Having placed big bets on capital-intensive industries like solar and ethanol just as the financial crisis quashed interest in risky new technologies, early-stage investors these days have a limited appetite for startups that need large amounts ...
