America's gun stores are overstocked

Sales plunged for Sturm, Ruger, maker of the Mini-14 pictured here and a wide variety of other guns, because dealers overstocked, causing an inventory glut. NEW YORK (CNNMoney) Gun dealers have overstocked, and now they're just selling off the...

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Honda, Takata sued over exploding airbags

NEW YORK (CNNMoney) The suit, filed in federal court Thursday, seeks class action status on behalf of the owners of all five million Hondas affected by the recall, alleging that they've suffered inconvenience and financial losses. It contends that...

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The fix for exploding airbags may be more deadly than the problem

NEW YORK (CNNMoney) Eight million vehicles made by 10 different automakers have been recalled due to flawed airbags that can explode and hit passengers with shrapnel. The problem: The airbag manufacturer Takata doesn't have enough replacement airbags...

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Stocks: 5 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the five things you need to know before the opening bell rings in New York: 1. It's all about Japan: The Bank of Japan has shocked global markets by boosting its aggressive...

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Apple says it may lose Irish tax break

Apple warned investors it could be hit by higher taxes due to changes in Irish law NEW YORK (CNNMoney) In June, the European Commission started investigating whether Apple's 1991 tax deal with Ireland violated European Union laws prohibiting...

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This 3-D scanner-printer is a flop. But the future is promising

NEW YORK (CNNMoney) Too bad it's a flop. The all-in-one scanner and printer, made by XYZprinting, lets you 3-D print objects without knowing how to design anything. There's no complicated software involved. You can just put an object inside, and...

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Movie theaters ban Google Glass and other wearables

This man wore his Google Glass to a premiere of "Sex Tape," an act that was banned this week by industry groups representing movies and theaters. NEW YORK (CNNMoney) Don't even think about it, the movie industry says. It announced late Wednesday...

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US economy chugging along at 3.5% growth

NEW YORK (CNNMoney) Gross domestic product, the broadest measure of economic activity, increased 3.5% between July and September over the same period last year, according to the U.S. Commerce Department. It exceeded analysts' expectations and offered...

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Men are buying up these $1,200 sneakers

The furry shoe from Giuseppe Zanotti sells for $1,395. Alejandro Ingelmo's Tron Leopard Bronze costs $575. NEW YORK (CNNMoney) Luxury spending is slumping this year, but one area continues to have a strong foothold: shoes. And while designer...

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Apple CEO Tim Cook comes out: 'I'm proud to be gay'

NEW YORK (CNNMoney) "Let me be clear: I'm proud to be gay, and I consider being gay among the greatest gifts God has given me," he wrote in a column in Bloomberg Businessweek. In his column, the Apple (AAPL, Tech30) chief said that he had tried...

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These countries are getting killed by cheap oil

NEW YORK (CNNMoney) Oil is selling for roughly $83 a barrel on the global market. That's bad news for Iran, Nigeria, Venezuela, Russia, and Saudi Arabia, among others. They need the black stuff to trade at far loftier levels in order to balance their...

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Why are America's biggest businesses struggling?

NEW YORK (CNNMoney) Investors were having panic attacks mid-month. Nearly all the gains for the year were wiped out. Now the Nasdaq and S&P 500 are both positive for October and way up for the year. The Nasdaq is up 1.2% this month alone. ...

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Ferrari to split with parent company, Fiat Chrysler

LONDON (CNNMoney) Fiat Chrysler (FCAU) announced the news Wednesday, saying Ferrari will be listed in the U.S. and possibly on a European exchange. About 10% of Ferrari's shares will be up for grabs when it's listed on the exchanges. The other...

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Exploding rocket company's stock plunges

The explosion of an unmanned rocket from Orbital Sciences late Tuesday has investors running for the exits. NEW YORK (CNNMoney) The rocket exploded shortly after it launched off the coast of Virginia Tuesday evening. Orbital Sciences (ORB) said...

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White House hacked

NEW YORK (CNNMoney) The Obama administration is saying little about the intrusion, only that hackers slipped into the network and their tools are "not being used to enable a destructive cyberattack," according to one official. "Certainly a variety...

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Millionaire tax on the ballot in Illinois

Illinois Gov. Pat Quinn, a Democrat, is running for re-election and backs a non-binding ballot measure that would impose a millionaire tax to help support schools. NEW YORK (CNNMoney) Prairie State voters next Tuesday will be asked whether they...

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Stocks: 6 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the six things you need to know before the opening bell rings in New York: 1. The end of stimulus: The Fed is expected to announce the conclusion of its massive stimulus program...

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382,000 Ram pickups recalled for fire risk

The recall covers Dodge Ram truck models 2500, 3500, 4500 and 5500, Chrysler said. NEW YORK (CNNMoney) Fiat Chrysler (FCAU) issued the recall Wednesday morning, and said the fuel heater assembly used in certain 2010-2014 model year diesel trucks...

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Ebola: The making of a $1 billion drug

Researchers at the University of Utah are working on an Ebola treatment. NEW YORK (CNNMoney) At least that's what some experts are betting on. The deadly virus has struck such fear globally that people are betting many governments will start...

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YouTube considering paid subscriptions

NEW YORK (CNNMoney) Google (GOOGL, Tech30) acknowledged late Monday that it is considering a subscription service that would allow viewers to skip the ads that run before many YouTube videos. That move would dramatically change the revenue model...

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Costco says employees 'deserve' Thanksgiving off

Expect the parking lot at Costco to be empty on Thanksgiving this year. NEW YORK (CNNMoney) The warehouse retail chain will again stay closed on Thanksgiving this year, bucking the trend of retailers opening their doors earlier and earlier. ...

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Tim Cook: Apple Pay signup is 'fantastic'

Laguna Beach, Calif. (CNNMoney) More than 1 million credit cards were activated to work with Apple Pay in the 72 hours following its debut, and the service is already the industry leader in contactless payments, Tim Cook said Monday during an interview...

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Stocks: 5 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the five things you need to know before the opening bell rings in New York: 1. Twitter trouble: Shares in Twitter (TWTR, Tech30) are taking a nose-dive -- down by about 11%...

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Feds sue New York City for Medicaid fraud

Federal prosecutor Preet Bharara is suing New York City and Computer Sciences Corp. for Medicaid fraud. NEW YORK (CNNMoney) The top federal prosecutor in Manhattan announced a lawsuit against the city and a contractor, Computer Sciences Corp....

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Paying thousands before health insurance even kicks in

NEW YORK (CNNMoney) That's because more employers are offering consumer-directed health plans, which usually come with high deductibles. In 2015, 81% of large employers will offer at least one of these plans, up from 63% five years earlier. Consumer-directed...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the four things you need to know before the opening bell rings in New York: 1. Banking bonanza: Investors are expressing their dismay after the European Central Bank revealed...

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Hazmat suit maker hustles to meet Ebola demand

NEW YORK (CNNMoney) Lakeland (LAKE) said late Friday that it is raising $11.2 million through a private placement stock sale. The company said it was doing this, in part, to support "the increased demand for Lakeland's safety products due to...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the four things you need to know before the opening bell rings in New York: 1. Banking bonanza: Investors are expressing their dismay after the European Central Bank revealed...

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Paying thousands before health insurance even kicks in

NEW YORK (CNNMoney) That's because more employers are offering consumer-directed health plans, which usually come with high deductibles. In 2015, 81% of large employers will offer at least one of these plans, up from 63% five years earlier. Consumer-directed...

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Ferrari's invitation-only supercar

LONDON (CNNMoney) The Ferrari Sergio, produced in partnership with Italian design firm Pininfarina, is a car that's so limited and unique you have to be invited by Ferrari to buy it. The automaker is creating only six Sergios and they're estimated...

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Fed set to finally get out of the market

NEW YORK (CNNMoney) The Federal Reserve is expected to close a chapter in history this week and announce the conclusion of its massive stimulus program. Known as quantitative easing, the program is widely credited with driving investors back into...

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Winners and losers in Europe's bank stress test

Some banks are still feeling the effects of the last financial crisis. LONDON (CNNMoney) All told, 25 banks failed the test, although 12 have already taken steps to shore up their finances. Italy suffered the worst count: 9 of the country's...

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Taxes and spending: What happens if Republicans win the Senate

The Senate race in Iowa, in which Republican Joni Ernst is running against Democrat Bruce Braley, could help the GOP retake the Senate majority in the midterm elections. NEW YORK (CNNMoney) That would put Republicans in the lead on key budget...

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NYC tabloids keep a straight face on Ebola

NEW YORK (CNNMoney) In the hours before Spencer was diagnosed he had gone bowling, rode the A train and stopped by a meatball shop. But there was not a single pun to be found on New York City newsstands Friday morning. No hysteria and no sensationalism....

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The Ebola stocks: Effect of an outbreak

NEW YORK (CNNMoney) Some people have considered canceling visits to big theme parks and have aired worries about whether airports and public areas are safe zones. It's no wonder that investors are assessing Ebola's impact on the economy. Stocks...

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25 of Europe's largest banks fail stress test

Some banks are still feeling the effects of the last financial crisis. LONDON (CNNMoney) All told, 25 banks failed the test, although 12 have already taken steps to shore up their finances. Officials at the European Central Bank and European...

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