GM recall: 10 things you need to know

GM has recalled 2.2 million cars, including the Chevrolet HHR, over a defect in the ignition switch that can turn the car off unexpectedly when it's on the road. NEW YORK (CNNMoney) That major recall combined with others means General Motors...

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Michael Lewis: Markets are 'rigged'

NEW YORK (CNNMoney) "Flash Boys: A Wall Street Revolt" explains how several insiders discover these firms are gaining an advantage over others: lightning-fast trades achieved through automation and advanced computer networks. "The United States...

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Documents show regulator first proposed GM probe in 2007

GM CEO Mary Barra will testify before a congressional panel on Tuesday. NEW YORK (CNNMoney) That's according to investigators for a House committee probing why the recall didn't happen sooner. An official with the National Highway Traffic...

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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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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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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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Ford boosts CEO pay 11% to $23.2 million

Ford CEO Alan Mulally is credited with turning the company around. NEW YORK (CNNMoney) Mulally was paid $23.2 million in 2013, up from about $21 million the previous year, Ford (F, Fortune 500) said in a regulatory filing. For 2013, the automaker's...

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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 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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Find the best airfare site for you

Looking for the cheapest flights? Start your online search using Kayak. (Money Magazine) To get the best price with the fewest clicks, find a flight-search site to match your travel style. FOR PENNY PINCHERS: The pick: When going cheap is...

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Lawyer wants recalled GM cars off the road

The Chevrolet HHR is one of the models included in GM's recall of 1.6 million vehicles worldwide. NEW YORK (CNNMoney) GM has told owners of the vehicles with flawed ignition switches that they can safely drive the cars if they remove any extra...

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Report: Amazon considering free streaming service

NEW YORK (CNNMoney) Emphasis on the word "might." The company is planning a free streaming service that could complement the $99-a-year Amazon Prime product that it already has, according to The Wall Street Journal. A few hours after the report...

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Find hidden IRA savings

Three ways to save more for retirement and lower your taxes over the long run. (Money Magazine) Unlike most tax breaks, which expire at the end of the tax year, you have until midnight on April 15 to make a 2013 IRA contribution -- of up to $5,500,...

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Kickstarter backlash over Oculus overblown?

Oculus Kickstart investors feel betrayed NEW YORK (CNNMoney) Oculus VR chief Palmer Luckey used Kickstarter to raise $2.4 million. Over 9,500 people backed the initial call for funding in August and September 2012. Many who donated felt they...

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Connecticut boosts minimum wage to $10.10 by 2017

Gov. Dannel Malloy will sign the bill Thursday at a cafe where he discussed wages earlier this month with President Obama. NEW YORK (CNNMoney) The state legislature approved the bill Wednesday and Gov. Dannel Malloy, who proposed the increase,...

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Facebook to buy virtual reality firm Oculus VR for $2 billion

NEW YORK (CNNMoney) The social networking giant announced plans Tuesday to buy virtual reality firm Oculus VR for $2 billion, its latest high-profile acquisition. Oculus makes the Oculus Rift headset, which covers your eyes and immerses you in...

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Candy Crush maker prices IPO

NEW YORK (CNNMoney) King Digital Entertainment will begin trading Wednesday under the ticker KING on the New York Stock Exchange at $22.50 a share the company said on Tuesday night. The Dublin, Ireland-based game maker sold 22.2 million shares...

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Malaysia Airlines Flight 370: How much will families be paid?

Passengers have waited more than two weeks for news about their loved ones aboard Malaysia Airlines Flight 370. NEW YORK (CNNMoney) International and contract law provide some answers, but the true figures will likely be settled when insurance...

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File management service Box reveals IPO plans

Box CEO Aaron Levie. NEW YORK (CNNMoney) The company began as an academic project of CEO Aaron Levie, who launched it from his dorm room at the University of Southern California's Marshall School of Business in 2005. Box focuses on business customers,...

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Disney to pay at least $500 million for YouTube video maker

NEW YORK (CNNMoney) Maker Studios is a leading producer and distributor of short, entertaining videos on YouTube, many of which are geared toward millennials. Its vast array of online channels total 5.5 billion YouTube views per month, according to...

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'The Big Short' will hit the big screen

Paramount and Brad Pitt's Plan B production company will turn the book about the housing bubble and burst into a movie. NEW YORK (CNNMoney) Paramount Pictures and Brad Pitt's Plan B production company are teaming up to make Lewis' book "The Big...

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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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Arizona may allow Tesla sales

NEW YORK (CNNMoney) The bill is part of Arizona's effort to be the home state of a massive Tesla factory currently under development. Arizona is one of four southwestern states Tesla is considering for its so-called gigafactory, a $1.6 billion...

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Report: Leaked Snowden documents show NSA hacked Chinese telecom company

NEW YORK (CNNMoney) The Times reported the U.S. National Security Agency monitored communications of top Huawei executives looking for evidence of ties to the Chinese government and military. The documents do not confirm those ties, the Times reported....

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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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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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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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Obamacare: Some may have more time to finish applications

The administration may let some people finish their Obamacare applications after March 31 NEW YORK (CNNMoney) Administration officials have repeatedly said they are not extending the open enrollment deadline. But they are now considering giving...

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IRS monitor: $1 million phone scam 'largest ever'

The phone scam stole at least $100 million. NEW YORK (CNNMoney) That's the warning from federal authorities, who on Thursday said a nationwide phone scam has stolen $1 million from thousands of unsuspecting people. The impostor claims to be...

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3 simple steps to get out of debt

Unexpected medical expenses or a job loss can push many into a debt spiral. NEW YORK (Money Magazine) By most counts, the average U.S. household carries more than $5,000 in credit card debt. And it's not just spendthrifts who get in over their...

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