U.S. deficit falls to $680 billion

NEW YORK (CNNMoney) At $680 billion, the fiscal 2013 deficit is 51% less than it was in 2009, when it hit a record high nominally of $1.4 trillion. As a percent of the economy, it's also considerably smaller than it's been in the past five years,...

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Treasury report criticizes China currency policy

American officials have long criticized China for holding down the value of its currency, the yuan. NEW YORK (CNNMoney) In its semi-annual report on international exchange rates, the Treasury Department called China's currency, the yuan, "significantly...

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Bank of America warns of fresh U.S. lawsuit

Bank of America says it is it is under increasing scrutiny from U.S. regulators over mortgage bonds. NEW YORK (CNNMoney) BofA revealed in a securities filing Wednesday that staff from a U.S. Attorney's office have disclosed plans to recommend that...

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Obamacare deadlines clarified

Customers who enroll in coverage by March 31 won't be on the hook for a "shared responsibility payment." NEW YORK (CNNMoney) That's the 2014 deadline to apply for coverage and not face tax penalties under an extension announced late Monday by the...

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Thirsty? There's a global wine shortage

NEW YORK (CNNMoney) The industry is experiencing an "undersupply of nearly 300 million cases" a year, according to a report from Morgan Stanley Research. Australia-based analysts Tom Kierath and Crystal Wang say the shortage comes despite the fact...

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Uber is delivering kittens for National Cat Day

Celebrate National Cat Day with an Uber-delivered kitten! NEW YORK (CNNMoney) Uber usually lets its app users order a taxi, black car or SUV to come pick them up at their current location. Tuesday's promotion added a "Kittens!" option to the list....

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Retiring? Time to look for a part-time gig

In the 1980s, Kevin Howard started buying houses, fixing them up, and renting them out. That rental income let him leave his job at 55. NEW YORK (Money Magazine) Rule 5: A second paycheck comes in handy No question, picking up a part-time gig...

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Barack Obama's tweets hacked

Hackers from the Syrian Electronic Army claimed responsibility for re-directing links sent by President Barack Obama to a pro-Assad video. NEW YORK (CNNMoney) One tweet about immigration reform was supposed to send followers to an article from...

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Apple's profit concerns linger

NEW YORK (CNNMoney) The company on Monday reported quarterly sales and profit that handily beat Wall Street estimates, but the stock fell as investors focused on crunched earnings. The problem: Consumers are increasingly interested in a mix of...

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Ketchup switch-up at McDonald's

Would you like ketchup with that? NEW YORK (CNNMoney) McDonald's (MCD, Fortune 500) is ending its relationship of four decades with Heinz, citing "recent management changes." The ketchup maker recently installed as CEO a former top executive of...

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New York will stockpile gas to prevent storm outages

Lines outside some gas stations stretched for miles. NEW YORK (CNNMoney) Gov. Andrew Cuomo on Saturday announced the state would create a Strategic Gasoline Reserve -- a $10 million pilot program that includes tanks for the fuel on Long Island....

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Obamacare malfunction shuts down application tool

Health Secretary Kathleen Sebelius touted the "Hub" as one piece of Obamacare that was working -- one day before it broke. NEW YORK (CNNMoney) A health and human services spokeswoman confirmed the problem and said a vendor networking issue was...

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JPMorgan paying $5.1 billion to Fannie, Freddie over mortgages

It's been a rough year for JPMorgan. NEW YORK (CNNMoney) The bank has also been in talks with the Justice Department and other government officials over another potential settlement based on similar claims. That settlement will likely be even more...

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United fined $1.1 million over Chicago delays

Passengers were stuck on planes for stretches ranging from just over three hours to nearly four-and-a-half hours. NEW YORK (CNNMoney) The DOT said the penalty is the largest for such a violation since a rule limiting long tarmac delays took effect...

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Feds seize $28 million in bitcoins from alleged Silk Road operator

There are currently about 11.9 million bitcoins in circulation, according to the website Blockchain. NEW YORK (CNNMoney) Bitcoin, which allows users to conduct online transactions while obscuring their identities, was the only currency accepted...

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United fined $1.1 million over Chicago delays

Passengers were stuck on planes for stretches ranging from just over three hours to nearly four-and-a-half hours. NEW YORK (CNNMoney) The DOT said the penalty is the largest for such a violation since a rule limiting long tarmac delays took effect...

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JPMorgan paying $5.1 billion to Fannie, Freddie over mortgages

It's been a rough year for JPMorgan. NEW YORK (CNNMoney) The bank has also been in talks with the Justice Department and other government officials over another potential settlement based on similar claims. That settlement will likely be even more...

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Feds seize $28 million in bitcoins from alleged Silk Road operator

There are currently about 11.9 million bitcoins in circulation, according to the website Blockchain. NEW YORK (CNNMoney) Bitcoin, which allows users to conduct online transactions while obscuring their identities, was the only currency accepted...

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Zynga surges 12% after sales beat projections

Zynga is best known for the social media game FarmVille. NEW YORK (CNNMoney) Shares of the social gaming company surged 12% in after-hours trading Thursday after it reported third-quarter sales of $202.6 million, beating the analyst projection...

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U.S. lagging behind on gender equality

Women hold 98 of the 535 seats in Congress -- just 18%. That's far fewer than in some other countries, which is one reason why the United States ranks in the middle of the pack on gender equality. NEW YORK (CNNMoney) The U.S. has a larger gender...

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Microsoft profit jumps 17%

NEW YORK (CNNMoney) The Redmond, Wash.-based software giant said its net income in its fiscal first quarter jumped 17% to $5.2 billion, or 62 cents per share. Analysts polled by Thomson Reuters forecast earnings of 54 cents per share. Sales also...

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4 tools to better manage your email

These tools and tips can help you keep your head above the rising tide of emails. (Money Magazine) PROBLEM: Your email gets lost in the shuffle SOLUTION: Boomerang. Say you're writing an email Friday but want it to appear in your client's inbox...

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McDonald's helps workers get food stamps

McDonald's workers have been protesting for higher wages and better hours since last November. NEW YORK (CNNMoney) The hamburger chain pretty much admits that in a call made by a worker to "McResources"-- a helpline set up for its workers. The...

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Countrywide defrauded Fannie and Freddie, jury rules

Bank of America acquired Countrywide in 2008. NEW YORK (CNNMoney) A former Countrywide executive, Rebecca Mairone, was also found liable in the case. The Justice Department lawsuit concerned a Countrywide program established in 2007 called the...

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IRS: Tax season delayed due to shutdown

The IRS won't be able to start processing tax returns on Jan. 21 this year. NEW YORK (CNNMoney) The start of the 2014 tax season, which was scheduled for Jan. 21, will be delayed by one to two weeks, the IRS announced Tuesday. That means the...

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The iPad mini is now the iPad

NEW YORK (CNNMoney) The new eight-inch iPad mini now matches the larger iPad Air in processor power, screen resolution and battery life. It runs all the same apps. But the iPad mini has two things that make it more attractive to many consumers...

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Carl Icahn dumps more than half of his Netflix stake

Activist investor Carl Icahn NEW YORK (CNNMoney) A year ago this month, the activist investor directly bought or took out options on 5.5 million Netflix shares, representing a 10% stake in the company. Icahn has now sold off 5.5% of that stake,...

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J.C. Penney scales back Martha Stewart partnership

Martha Stewart has provided testimony in the J.C. Penney-Macy's dispute. NEW YORK (CNNMoney) Macy's (M, Fortune 500), J.C. Penney (JCP, Fortune 500) and Martha Stewart Living Omnimedia (MSO) have been locked in a closely watched legal battle over...

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