Five questions for Mary Barra on GM's recall

NEW YORK (CNNMoney) Tuesday she'll have to answer some very tough questions from the House Energy and Commerce Committee about why it took GM 10 years to order a recall after it learned about a problem with some ignition switches getting knocked out...

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Swiss target 8 banks in forex probe

Credit Suisse said it was "astonished" to be included in the probe, describing the allegations against it as "inappropriate and harmful." LONDON (CNNMoney) The Competition Commission said there were ''indications" that the banks had manipulated...

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Janet Yellen wants you to get a raise

NEW YORK (CNNMoney) Those are the words of Federal Reserve Chair Janet Yellen, who said Monday that the central bank's goal "is to help Main Street, not Wall Street." And she hopes to do that primarily by boosting the job market. Yellen's comments...

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Tesla reaches deal to keep selling in New York

NEW YORK (CNNMoney) Tesla (TSLA) and the New York Automobile Dealers Association have reached a compromise in their battle over Tesla's existing five stores in New York City and surrounding suburbs. The dealers had been pushing to shut down the...

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3 measures of Obamacare's success

NEW YORK (CNNMoney) No question it is a big rebound from the disastrous launch last October, though short of the initial projection of 7 million. Still, experts say that the national figures aren't that important, be it overall enrollment or the...

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March stocks: In like a lion, out with whiplash

Stocks have been on a wild ride during the first quarter of 2014. NEW YORK (CNNMoney) Trading was choppy in the first three months of the year, with the crisis in Ukraine and questions about when the Fed will hike interest rates taking center...

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GM adds 824,000 vehicles to recall

NEW YORK (CNNMoney) Until today the recall included the Chevrolet Cobalt and HHR, the Pontiac G5 and Solstice, and Saturn Ion and Sky through model year 2007. Now the company is including all model years of those vehicles because faulty switches could...

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S&P downgrades Target for data breach

Last year's data breach keeps hurting Target. S&P downgraded it one notch. NEW YORK (CNNMoney) The breach compromised credit card numbers and personal information of tens of millions of customers during the 2013 holiday season. Target (TGT,...

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GM's recall problems grow

NEW YORK (CNNMoney) Late in the day, GM said it had recalled 172,000 Chevrolet Cruzes "to replace a right front axle half shaft that can fracture and separate without warning during normal driving." Hours earlier, the automaker said it had told...

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McDonald's fights back with free coffee

McDonald's announced Friday that it will offer customers nationwide a free cup of McCafe coffee for two weeks. NEW YORK (CNNMoney) The nation's largest fast-food chain said the campaign, which kicks off on Monday, will give breakfast customers...

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TGIF as stocks up ahead of weekend

NEW YORK (CNNMoney) After two consecutive down days and a shaky week overall, the Dow, the S&P 500 and Nasdaq opened higher. Helping lift the mood: better news on the U.S. economy. Consumer spending rose 0.3% in February, the biggest gain in...

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Tesla installs fire shields under Model S

Tesla is installing underbody fire shields to its Model S electric cars, though CEO Elon Musk insists the risk of fire is much less than with gas cars. NEW YORK (CNNMoney) Musk wrote in a blog post that Tesla has been installing the underbody...

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Economy continues its sub par recovery

The economic recovery slowed in the fourth quarter, according to the government. NEW YORK (CNNMoney) Gross Domestic Product (GDP) -- the broadest measure of economic activity -- grew at a 2.6% annual pace in the fourth quarter, according to revised...

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McDonald's seeks to supersize its growth

McDonald's is struggling to add new menu items that sell well enough to boost same-store sales. (Money Magazine) Over the past 12 months, McDonald's (MCD, Fortune 500) stock has returned less than 3%. That compares with an average 21% return...

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Citi and other banks drag down stocks

Click on chart to track premarkets NEW YORK (CNNMoney) The Dow, S&P 500 and Nasdaq all fell in early trading. On Wednesday, the Federal Reserve rejected Citigroup's capital plan, saying it was troubled by the bank's inability to predict...

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Recession warning for Russia

LONDON (CNNMoney) The world's 8th largest economy was already slowing rapidly due to a dearth of reforms, and recent events have exposed the weakness of a model based on using oil wealth to fund big projects and pay higher wages, it said in a report....

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Tech companies take center stage

NEW YORK (CNNMoney) Facebook (FB, Fortune 500) shares edged higher after the company announced a $2 billion acquisition of virtual reality firm Oculus VR late Tuesday. Oculus makes a headset for "immersive gaming" that Facebook plans to develop in...

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Colleges that offer the best return on your investment

Art majors can get the most bang for their buck at Columbia University. NEW YORK (CNNMoney) Harvey Mudd College, a private college in Claremont, Calif., offers students the biggest bang for their higher-education buck, according to the report...

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Google Glass getting a stylish makeover

Google Glass is partnering with the company behind the much-loved Ray-Ban brand. LONDON (CNNMoney) Google (GOOG, Fortune 500) announced late Monday that it is joining forces with eyewear giant Luxottica (LUX) to design, develop and distribute...

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Stocks bounce back from Monday's tech rout

NEW YORK (CNNMoney) The Dow Jones industrial average was up more than 100 points in early trading Tuesday while the tech-heavy Nasdaq rose about 0.8%. The broader S&P 500 was solidly higher as well. But a sense of caution prevails. The Nasdaq...

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Winter hits housing recovery

Home prices fell in January, but held up better in many warm-weather markets. NEW YORK (CNNMoney) The S&P/Case-Shiller index of prices in 20 major markets dipped 0.1%. "The housing recovery may have taken a breather due to the cold weather,"...

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Stocks mixed in a March market malaise

Click on chart to track premarkets NEW YORK (CNNMoney) The Dow, and S&P 500 were up slightly Monday, while Nasdaq fell modestly in early trading. But despite the quiet trading in the early going, there were some big name individual stocks...

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Top JPMorgan banker to resign amid hiring probe

JPMorgan's office in the heart of Hong Kong's central business district. HONG KONG (CNNMoney) Fang Fang, a 12-year employee, was one of JPMorgan's top China dealmakers and most recently served as vice chairman of the firm's Asia investment banking...

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Visa and MasterCard resume service at two Russian banks

Card services are working again for customers at SMP Bank and InvestCapitalBank in Russia. LONDON (CNNMoney) Visa (V, Fortune 500) and MasterCard (MA, Fortune 500) cards at both SMP Bank and InvestCapitalBank are working again, according to the...

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No winners for $1 billion NCAA challenge

NEW YORK (CNNMoney) The $1 billion prize for a perfect NCAA bracket that his Berkshire Hathaway (BRKA, Fortune 500) was backing will go unclaimed. None of the fans who signed up for the perfect bracket challenge sponsored by Quicken Loans and Yahoo...

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Are Netflix users ripping off the rest of us?

Reed Hastings says Netflix is "reluctantly" paying for faster connections to broadband networks. NEW YORK (CNNMoney) Hastings sounded off Thursday on the likes of Verizon (VZ, Fortune 500), Comcast (CMCSA, Fortune 500) and others, accusing them...

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Candy Crush mania coming to Wall Street

The game is addictive, will the stock be too? NEW YORK (CNNMoney) King Digital Entertainment, which makes the popular Candy Crush Saga online game, is one of 14 companies set to go public this week. The U.K. based company, which will list...

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Are Netflix users ripping off the rest of us?

Reed Hastings says Netflix is "reluctantly" paying for faster connections to broadband networks. NEW YORK (CNNMoney) Hastings sounded off Thursday on the likes of Verizon (VZ, Fortune 500), Comcast (CMCSA, Fortune 500) and others, accusing them...

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Taxpayers hit with fewer audits

NEW YORK (CNNMoney) The agency audited 1.4 million people last year, down 5% from 2012 and the lowest number of audits conducted since 2008, according to IRS statistics released Friday. The IRS blamed its shrinking budget for the drop-off, saying...

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No winners for $1 billion NCAA challenge

NEW YORK (CNNMoney) The $1 billion prize for a perfect NCAA bracket that his Berkshire Hathaway (BRKA, Fortune 500) was backing will go unclaimed. None of the fans who signed up for the perfect bracket challenge sponsored by Quicken Loans and Yahoo...

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Taxpayers hit with fewer audits

NEW YORK (CNNMoney) The agency audited 1.4 million people last year, down 5% from 2012 and the lowest number of audits conducted since 2008, according to IRS statistics released Friday. The IRS blamed its shrinking budget for the drop-off, saying...

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Are Netflix users ripping off the rest of us?

Reed Hastings says Netflix is "reluctantly" paying for faster connections to broadband networks. NEW YORK (CNNMoney) Hastings sounded off Thursday on the likes of Verizon (VZ, Fortune 500), Comcast (CMCSA, Fortune 500) and others, accusing them...

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