Netflix wows Wall Street with strong subscriber growth

Netflix (NFLX, Tech30) saw strong membership growth in the first quarter of 2015 with it totaling 62.3 million members on the service. The streaming site reported 4.9 million new members were added in the first quarter of the year. This number was...

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Etsy crafts a $267 million IPO

Etsy is now the largest certified socially-responsible company, or B Corporation, to go public in the U.S. It will begin trading Thursday on the Nasdaq under the ticker symbol "ETSY." The online marketplace is a place for people to buy and sell crafts...

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GM shielded from ignition lawsuits by bankruptcy rule

The decision by Federal Bankruptcy Court Judge Robert Gerber upholds GM's so-called bankruptcy shield. GM acquired the shield as part of its bankruptcy reorganization when a new company was created in 2009, referred to in court as "New GM." "Judge...

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Will Hillary Clinton support a $15 minimum wage?

If Hillary Clinton wants to woo the left, she'll likely have to support $12 to $15 an hour. President Obama made waves in his 2013 State of the Union address when he unexpectedly announced he wanted to raise the federal minimum wage to $9 an hour,...

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U.S. fines Corinthian Colleges $30 million

The department found that the Corinthian-owned Heald College, based in San Francisco, misrepresented employment numbers to prospective students and the government. "Instead of providing clear and accurate information to help students choose which...

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How Grumpy Cat makes her millions

Grumpy Cat is part of an elite group of furry animals around the globe who have shot to Internet fame in recent years. These fuzzy creatures sign book and movie deals, do photo shoots, and act as "spokesanimals" for ad campaigns -- netting piles...

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Will.i.am is selling sheets made from old Coke bottles

Will.i.am is partnering with Coke and W Hotels on a line of bed sheets partially made from old plastic bottles. It's not that he's fallen on hard times in the music biz, it's more that he's into recycling. So the Black Eyed Peas frontman has partnered...

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Hillary channels Elizabeth Warren in campaign bid

In her video campaign announcement Sunday, Hillary Clinton unveiled what's expected to be the central theme of her presidential bid: Serving as a champion for "Everyday Americans." "Americans have fought their way back from tough economic times, but...

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High-skilled visa applications hit record high

These locations saw the most H-1B visa recipients in 2013, the only year for which data is currently available. But it's getting tougher to "win" a work visa each year. This year, 233,000 foreigners applied for the H-1B, the most common visa...

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Rand Paul launches attack website on Hillary Clinton

The top of the site has a photo of Paul with his quote: "Hillary Clinton's attacks on liberty and the constitution make her unfit to serve as President of the United States." Paul tweeted a link to the site Sunday morning, and his campaign issued...

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Donald Trump: I don't want T-Mobile in my hotels

The Donald and the CEO of T-Mobile (TMUS) became embroiled in an epic Twitter battle this weekend, in which Trump said he wanted T-Mobile out of his establishments. "T-Mobile service is terrible! Why can't you do something to improve it for your...

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The 'Hillary beat': Who's covering Clinton

The New York Times was particularly early out of the gate. The paper shifted reporter Amy Chozick to its politics team to cover Clinton in the summer of 2013 -- 649 days before Clinton's announcement on Sunday. By the end of that year, BuzzFeed put...

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The Obamas paid $93,362 in federal income taxes

President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013. President Obama and First Lady Michelle Obama reported $495,964 in gross income last year, according to their 2014 tax returns released...

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HBO still hasn't heard from Scientology lawyers for 'Going Clear'

"Facts are stubborn things," HBO CEO Richard Plepler said in an interview with CNNMoney this week. "Everybody's entitled to their own opinion, but they're not entitled to their own facts," he added. "I think the documentary bears up very well to any...

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Hillary Clinton's economic plans need an overhaul

Clinton is expected to begin her presidential campaign this weekend, yet she's stayed mum on the economy -- something she hammered on during the 2008 campaign. "She's a blank check at this point," says Dean Baker, co-director for the Center for...

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BuzzFeed reposts deleted Dove article

BuzzFeed reposted a story about Dove soap after questions arose over why it had been deleted. "I blew it," Editor-in-Chief Ben Smith wrote in a memo that he tweeted Friday. "Twice in the last couple of months, I've asked editors -- over their better...

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The Obamas paid $93,362 in federal income taxes

President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013. President Obama and First Lady Michelle Obama reported $495,964 in gross income last year, according to their 2014 tax returns released...

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HBO still hasn't heard from Scientology lawyers for 'Going Clear'

"Facts are stubborn things," HBO CEO Richard Plepler said in an interview with CNNMoney this week. "Everybody's entitled to their own opinion, but they're not entitled to their own facts," he added. "I think the documentary bears up very well to any...

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Cosmopolitan magazine secures first Chelsea Manning interview

Chelsea Manning seen in a photo she sent to a military supervisor in 2010. The article marks the first time Manning has spoken "as an army private who leaked classified documents, went to military prison, and sued for the right to transition into...

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Norah O'Donnell seen as Bob Schieffer's possible successor

CBS is not commenting. That's partly because no concrete decision about Schieffer's successor has been made, according to people with direct knowledge of the process. But speculation immediately centered around Norah O'Donnell, Schieffer's primary...

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Google doesn't care where you went to college

Not really, according to Laszlo Bock, Google's Head of People Operations. When the company was small, Google cared a lot about getting kids from Harvard, Stanford, and MIT. But Bock said it was the "wrong" hiring strategy. Experience has taught him...

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Zynga founder Mark Pincus is back as CEO

Zynga (ZNGA), maker of games like Words with Friends and FarmVille, announced the leadership change, effective immediately, on Wednesday. Pincus replaces Don Mattrick, a former Microsoft and Electronic Arts executive, who was brought on a little...

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YouTube without ads? Yes, for a price

The plan hasn't been publicly announced, but YouTube has contacted some of its best-known video creators to brief them on it. The big question, impossible to answer for now, is whether the economics will really benefit the creators. Bloomberg...

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Legendary CBS anchor Bob Schieffer to retire this summer

Schieffer, 78, has been with CBS News for 46 years, and has moderated the network's Sunday morning public affairs talk show for the past 24 years. In addition to his role at "Face the Nation," Schieffer is also the Chief Washington Correspondent...

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March Madness is a TV slam dunk: Highest ratings in 22 years

Duke edged out Wisconsin for its fifth national title. Coverage of the 2015 NCAA men's college basketball tournament scored the highest viewership in 22 years, averaging 11.3 million total viewers, according to Nielsen. The tournament's final...

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Psychiatrist wants patients to see his name in the New York Times

Is this narcissistic? "Please print this letter so that when my patients Google me they will see that their psychiatrist and psychoanalyst has been published in The New York Times," wrote Levin, who lives in the Philadelphia area and has had a...

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What Rand Paul's flat tax plan would look like

He also wants to simplify the tax code, eliminate the estate and gift taxes and wipe out investment taxes too. And he wants to do it by way of a "flat tax." "As President, I would promote a Fair and Flat Tax plan, known as the 'EZ Tax.' My tax plan...

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Starbucks to give workers a full ride for college

Starbucks (SBUX) said Monday it will offer employees full tuition at Arizona State University's online program, giving them the chance to earn a bachelor's degree for free. The coffee chain already offers its baristas two years of undergraduate tuition...

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Phone wars: Samsung earnings show signs of life

Samsung said Tuesday that it anticipates an operating profit of 5.9 trillion won ($5.4 billion) for January to March -- a 31% decline from the previous year, but the strongest number in three quarters. First quarter sales are also expected to be lower,...

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NBC News has a new boss. What's on his to-do list

Most obvious is the ongoing crisis at the network's signature newscast, the "NBC Nightly News." Brian Williams has been on the bench for two months, and staffers have rallied around his fill-in, Lester Holt. So will Lack and NBCUniversal CEO Steve...

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Bill Gates' 40th anniversary email: Goal was 'a computer on every desk'

To mark the anniversary, Gates reportedly sent an email to Microsoft employees Friday. The message, which made the rounds on Twitter, invokes the origin of Microsoft (MSFT, Tech30), which opened it doors on April 4, 1975. "Early on, Paul Allen and...

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Read full text Rolling Stone's apology

Rolling Stone magazine not only retracted but deleted its now-discredited article from its website. Last November, we published a story, "A Rape on Campus" [RS 1223], that centered around a University of Virginia student's horrifying account of...

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Major 'failures' found in Rolling Stone's 'A Rape on Campus'

The review, published Sunday night, says the failures were sweeping and "may have spread the idea that many women invent rape allegations." At the same time the review came out, Rolling Stone officially retracted the story and said sorry. But the...

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