How a $35 PC is catching on

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity...

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Jobless claims fall sharply

Those filing for initial jobless claims falls sharply, an unexpected sign of improvement in the labor market. NEW YORK (CNNMoney) The Labor Department report showed 344,000 Americans filed for jobless benefits in the latest week, down from 366,000...

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BMW gets plugged in

(Fortune) The second vehicle, an all-electric city car called the i3, is unlike anything BMW -- or anyone else, for that matter -- has ever made. Its weight-saving carbon-fiber body is wrapped in layers of electronic services and smartphone apps designed...

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Europe to cap bankers' bonuses

U.K. bankers' bonuses will be capped by new EU rules. LONDON (CNNMoney) The measure, which could take effect as early as January 2014, will limit bonuses to the level of annual salary, or twice salary given the approval of a majority of shareholders....

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Boeing apologizes for Dreamliner fiasco

LONDON (CNNMoney) Raymond Conner, head of the commercial aircraft division at Boeing (BA, Fortune 500), said the incidents that led to the grounding of the entire fleet of Dreamliner 787 planes were "deeply regretful". "On behalf of the Boeing...

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Stocks: Economy, earnings back in focus

Click on chart for more premarket data NEW YORK (CNNMoney) The Labor Department will release its weekly report on initial jobless claims at 8:30 a.m. ET, while the Commerce Department will publish its second estimate of fourth-quarter GDP. In...

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Variety nix print edix

NEW YORK (CNNMoney) The publication, founded in 1905, also announced it is dropping the paywall from its online edition this Friday, which limited the readership of its articles to subscribers. "Internally, we've been referring to the paywall dropping...

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Italy avoids panic at bond auction

LONDON (CNNMoney) Panic was avoided and the bond auction passed off smoothly as the heavily-indebted eurozone country found solid demand for €6.5 billion worth of medium and long-term debt. One day earlier, world stocks plunged and yields on southern...

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Yahoo defends no-work-at-home policy

NEW YORK (CNNMoney) "This isn't a broad industry view on working from home -- this is about what is right for Yahoo, right now," said a statement from a company spokesman late Tuesday. The no-work-at-home policy has prompted widespread criticism...

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Young adults are too broke to get loans

Young adults have reduced their debt levels throughout the Great Recession. NEW YORK (CNNMoney) It's not because legions of Americans under age 35 have suddenly become fiscally responsible. It's more likely that their shaky economic foundations...

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3 basic steps to creating a retirement plan

NEW YORK (Money Magazine) You, sir, need a plan. A recent survey shows that people who've prepared a personal financial plan are more likely to feel as if they're on track to meet financial goals, like saving for retirement. That makes perfect...

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Pimps hit social networks to recruit underage sex workers

NEW YORK (CNNMoney) "I was just, 'oh, he's cute, I'll accept him,'" a 22-year-old called "Nina" recalls. She was 18 at the time, and didn't imagine that clicking "accept" would start her on a path to four years of prostitution across the country....

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Jawbone: A partnership for unique products

Jawbone's Yves Behar, left, and Hosain Rahman (Fortune) "Hosain and I are two people who have been at Jawbone longer than practically anyone," Behar says. "Over 10 years we've developed an understanding, a shared philosophy that allows us to improve...

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Budget cuts: I'm losing my job next week

On March 9, Raymond Wyrick will lose his job as a mechanic refurbishing Humvees for the U.S. Army, if federal budget cuts kick in this Friday. WASHINGTON (CNNMoney) As Washington continues to wrangle over the cuts, Wyrick is one of 414 workers...

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Home prices shoot higher

NEW YORK (CNNMoney) The report from S&P Case-Shiller covered home prices across 20 major housing markets nationwide in the final three months of the year. It comes ahead of a government report due later Tuesday which is expected to show a continued...

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Business saves $270K. The trick? No employees

Xan Hood, founder of clothing startup Buffalo Jackson, relies entirely on freelancers. It's part of a small business boom in the use of temp workers. NEW YORK (CNNMoney) He's got two artists, two accountants, a photographer, a web consultant and...

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Workers over 50 are the new 'unemployables'

Mary Clair Matthews, Tony Kash and Jill Cummings are struggling to find jobs. Click the photo to read their stories. NEW YORK (CNNMoney) On one hand, they're too young to retire. They may also be too old to get re-hired. Call them the "new...

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Community college grads out-earn bachelor's degree holders

Nearly 30% of Americans with associate's degrees now make more than those with bachelor's degrees, according to Georgetown University's Center on Education and the Workforce NEW YORK (CNNMoney) That's 15% higher than the average starting salary...

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Adoption tax credit for same-sex couples

Sharon McGowan, left, and her wife Emily expect to receive an adoption tax credit of more than $2,000 after Sharon legally adopted their daughter. NEW YORK (CNNMoney) The adoption tax credit grants qualifying taxpayers up to $12,650 per child for...

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U.K. vows to stick with austerity

Finance minister George Osborne says loss of AAA rating means cuts must continue LONDON (CNNMoney) Moody's cut its rating to Aa1 late Friday, saying growth would remain weak into the second half of the decade, making it harder for the government...

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Barnes & Noble chairman wants to buyout company's stores

NEW YORK (CNNMoney) Riggio, who disclosed his plans in a filing with the Securities and Exchange Commission on Monday, did not disclose a price for his planned purchase. Shares of the nation's largest book retailer soared 2.4% in premarket trading...

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Marijuana dealers get slammed by taxes

Denver Relief, one of the largest marijuana dispensaries in Colorado, has an effective tax rate of around 50%, according to co-owner Kayvan Khalatbari. NEW YORK (CNNMoney) The hefty levy is the result of a 1982 provision to the tax code, known...

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Adoption tax credit for same-sex couples

Sharon McGowan, left, and her wife Emily expect to receive an adoption tax credit of more than $2,000 after Sharon legally adopted their daughter. NEW YORK (CNNMoney) The adoption tax credit grants qualifying taxpayers up to $12,650 per child for...

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U.K. vows to stick with austerity

LONDON (CNNMoney) Moody's cut its rating to Aa1 late Friday, saying growth would remain weak into the second half of the decade, making it harder for the government to deliver on its debt-cutting targets and undermining the ability of the U.K. to...

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Judge rules against Apple in Einhorn cash fight

NEW YORK (CNNMoney) Einhorn's Greenlight Capital filed a lawsuit earlier this month seeking to "unbundle" a number of shareholder proposals that would have been voted on as a group, including one that would have made it difficult for the company to...

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Moody's downgrades United Kingdom from AAA

God save the AAA rating. NEW YORK (CNNMoney) The U.K. was knocked down one notch to Aa1, with its ratings outlook at stable. Moody's said the key drivers of the downgrade included the country's rising debt burden and tepid growth outlook over the...

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Samsung stuffs a phone in new Galaxy Note 8.0 tablet

NEW YORK (CNNMoney) It runs Android 4.1, has a 1.6 GHz quad-core CPU, 2 gigabytes of RAM, and an 8-inch, 1280 x 800 display that you can control with Samsung's S-Pen stylus. But on the international version of the device, there's something quite strange...

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Judge rules against Apple in Einhorn cash fight

NEW YORK (CNNMoney) Einhorn's Greenlight Capital filed a lawsuit earlier this month seeking to "unbundle" a number of shareholder proposals that would have been voted on as a group, including one that would have made it difficult for the company to...

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Moody's downgrades United Kingdom from AAA

God save the AAA rating. NEW YORK (CNNMoney) The U.K. was knocked down one notch to Aa1, with its ratings outlook at stable. Moody's said the key drivers of the downgrade included the country's rising debt burden and tepid growth outlook over the...

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