Millions of homeowners could refinance and save big

NEW YORK (CNNMoney) Nearly one in five homeowners who are behind on their mortgage payments have loans with interest rates of 8% and higher -- nearly double today's rates of around 4%, according to nonprofit community development group NeighborWorks...

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The only funds you need in your portfolio now

NEW YORK (CNNMoney) A lot of people have the mistaken impression that to successfully invest for retirement you've got to assemble a portfolio of at least a half dozen or more mutual funds or ETFs. That's nonsense. The number of funds you own...

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Crippling hack forced Sony to use old BlackBerrys

NEW YORK (CNNMoney) Executives also used the tried-and-true tactic for relaying messages: a phone tree. CEO Michael Lynton told the Wall Street Journal Tuesday that it took him more than a day to fully understand the severity of the attack. It...

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Newsweek finds Christianity again with its latest cover

NEW YORK (CNNMoney) But religious-themed cover stories have long been a hallmark of the publication, and Jesus, in particular, has been a recurring figure. Before the turn of the century, the magazine explored "2000 Years of Jesus." When Mel...

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Why is United Airlines suing a 22-year-old?

22-year-old Aktarer Zaman founded Skiplagged.com last year. NEW YORK (CNNMoney) United Airlines (UAL) and Orbitz (OWW) filed a civil lawsuit last month against 22-year-old Aktarer Zaman, who founded the website Skiplagged.com last year. The...

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Wealthy Russians aren't buying U.S. homes anymore

NEW YORK (CNNMoney) Deep-pocketed Russian buyers have been disappearing since last spring when international sanctions were imposed on Russia. Over the past few years, Russian buyers have been responsible for some of the flashiest purchases in...

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AirAsia CEO takes to Twitter fast in wake of tragedy

Tony Fernandes, CEO of AirAsia. (CNNMoney) "This is my worse nightmare," CEO Tony Fernandes posted on Twitter as a search and rescue operation was underway. "My only thought(s) are with the (passengers) and my crew. We put our hope in the SAR...

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PlayStation Network back up after a cyberattack

(CNNMoney) "PlayStation Network and some other gaming services were attacked over the holidays with artificially high levels of traffic designed to disrupt connectivity and online gameplay," wrote Catherine Jensen, a vice president at Sony Entertainment,...

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'The Interview': $15 million, 2 million streams

NEW YORK (CNNMoney) Sony Pictures said Sunday that the scandalous Seth Rogen comedy was "rented or purchased online more than 2 million times" between Wednesday, when it was released, and Saturday. The totals do not include Sunday, when Rogen and...

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New York City may ban Styrofoam cups

At issue in NYC is whether polystyrene, commonly known as Styrofoam, can be effectively recycled in a way that doesn't cost too much. NEW YORK (CNNMoney) Currently, most Styrofoam products used in the city end up in landfills. At issue now...

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Time travel with Cuba's Frankenstein cars

NEW YORK (CNNMoney) But she doesn't work for any government. Instead, she sells her photos of cars and trucks -- usually vehicles that have not yet been revealed to the public -- to car magazines and auto enthusiast web sites hungry for even a camouflaged...

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Jim Beam born to Jack Daniels

Jim Beam Leathers was born on November 14, to Jack Daniels Leathers and Lydia Leathers. NEW YORK (CNNMoney) But for one Louisiana family, baby Jim Beam will fit in quite well. His father, Jack Daniels Leathers, 31, is also named after a stiff...

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JetBlue offers to fly police to NYPD funeral

NEW YORK (CNNMoney) The New York-based airline is also working with its partners to have family members of one of the slain officers, Wenjian Liu, flown in from overseas. Liu and a second NYPD officer, Rafael Ramos, were sitting in their patrol...

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10 least affordable rental markets

A Bronx tale: Rents are high, while incomes are low NEW YORK (CNNMoney) Tenants in the northern-most borough of New York City can expect to pay almost 68% of their income toward rent, with the 2015 fair market rent being $1,904 a month. Buying...

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Watching 'The Interview' online: absurdly amusing

NEW YORK (CNNMoney) Sony Pictures created an unprecedented event on Wednesday by releasing the controversial comedy on the Internet ahead of its Christmas arrival in theaters. Partly out of patriotic duty, partly out of fan-boy curiosity, I rented...

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Russia debt closer to junk status

NEW YORK (CNNMoney) The ratings agency said Tuesday the move "stems from what we view as a rapid deterioration of Russia's monetary flexibility and the impact of the weakening economy on its financial system." The ratings agency currently rates...

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Everybody rallied to pay off this family's $200,000 in debt

The Mason family (pictured here with their grandkids) has received an outpouring of support since a CNNMoney story in July about their $200,000 in student loan debt. NEW YORK (CNNMoney) Steve and Darnelle Mason were stuck with $200,000 in student...

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Where you can watch 'The Interview'

NEW YORK (CNNMoney) Sony Pictures announced on Tuesday the controversial Seth Rogen comedy will run "in a number of theaters on Christmas Day." Here's a list of the locations that have signed up. (Forgive the incompleteness -- we'll continue to update...

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Israeli bank helped U.S. account holders avoid taxes

NEW YORK (CNNMoney) As part of a settlement reached on Monday with the U.S. Department of Justice, Bank Leumi Group will pay $270 million in fines. It's the first time an Israeli bank has admitted to this type of criminal activity. The bank put...

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IRS to auction remainder of Darryl Strawberry's Mets salary

Strawberry took home four World Series titles over his 17-year Major League Baseball career. NEW YORK (CNNMoney) The Internal Revenue Service is putting outfielder Darryl Strawberry's retirement annuity on the auction block next month. The...

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A peek into North Korea's Internet

NEW YORK (CNNMoney) For most North Koreans, it's nonexistent. There are only 1,024 known IP addresses in the entire country. The Internet is typically reserved for government officials, a few foreign ambassadors and outside assistance groups, according...

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Sony doesn't know how but says 'The Interview' will be shown

NEW YORK (CNNMoney) But that's not so, says an attorney for Sony Pictures. "Sony only delayed this," attorney David Boies said on Sunday on NBC's "Meet the Press." He was speaking of Sony (SNE)'s decision to cancel the Christmas Day release by...

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Tom Brokaw says his cancer is in remission

Tom Brokaw was awarded the Presidential Medal of Freedom in November. NEW YORK (CNNMoney) "A year ago my future was more uncertain than I cared to acknowledge but now I face the New Year with very encouraging news," he wrote in a letter NBC News...

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Meet the world's No. 1 dealer in Guinness art

NEW YORK (CNNMoney) He has bought hundreds of paintings, once lost to obscurity in a London archive, that were original renderings of iconic Guinness posters displayed in pubs and college dorm rooms. The paintings are by the English artist John...

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A defiant Sony scrambles to find a way out for 'The Interview'

NEW YORK (CNNMoney) This weekend the embattled movie studio is in active discussions with potential distribution partners, figuring out if there's a way forward for the film that provoked a crippling cyberattack, an FBI investigation and a presidential...

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Last-minute Christmas shopping guide

NEW YORK (CNNMoney) You've already missed the deadline for free shipping from Amazon (AMZN, Tech30), for example. (It was Friday.) But the online store says gifts ordered as late as Tuesday can still be under the tree on Thursday if you pay for...

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Republicans to theaters: Don't be 'bullied,' show Sony's 'The Interview'

NEW YORK (CNNMoney) In a letter obtained first by CNN, RNC chairman Reince Priebus encouraged the CEOs of 10 major theater chains to show the controversial comedy starring Seth Rogen and James Franco. "I want to speak clearly on behalf of the Republican...

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Reporter behind story of $72 million teen trader stays at NY Mag

NEW YORK (CNNMoney) Jessica Pressler was slated to join the Bloomberg News investigative unit, but got caught up in controversy this past week following a story she wrote about a New York City high school student who said he'd made $72 million trading...

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'Colbert Report' says goodbye with record ratings

NEW YORK (CNNMoney) On Thursday, 2.5 million viewers watched as Stephen Colbert ended his very popular satirical news show, "The Colbert Report." This made the finale the most-watched episode in the show's history. And that number may even grow...

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How has middle class Christmas changed?

NEW YORK (CNNMoney) CNNMoney wants to know what was under your Christmas tree 30 years ago (Think: Trivial Pursuit, Cabbage Patch dolls, Transformers) and what are you wrapping this year (Think: iPhones, Fitbits and PlayStation)? Do you, your...

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Texas is in danger of a recession

NEW YORK (CNNMoney) The shale oil boom has been a blessing to Texas, making the state an economic standout during the past few years of ho-hum U.S. growth. But oil's dramatic plunge below $55 a barrel is scaring the shale industry. Since some wells...

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Toyota's futuristic, freaky fuel-cell car

NEW YORK (CNNMoney) It is kind of ugly. Toyota's designers wanted an appearance that clearly showed this car is something different. Score one there. They also wanted a design that would never grow boring now matter long the car was on the road...

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Uber agrees to temporarily suspend service in Portland

NEW YORK (CNNMoney) The company said it would stop picking up customers there for three months after the city sued, asking a judge to order Uber to stop operating until it is in compliance with safety, health and consumer protection rules. But...

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Cuba poised to join the Internet age

NEW YORK (CNNMoney) Internet access in Cuba is heavily restricted and the cost is well above what most Cubans can afford. Just 5% of Cubans have unfiltered access to the Internet, according to Freedom House, a watchdog group. But all that could...

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