A couple's 5-year plan to pay off $93,600 in debt

Larry and Lynn Mantanona, 56 and 54, Fairview, Ore. NEW YORK (Money Magazine) They had no qualms about taking a $12,000 loan for college tuition for Savanah, 22, and borrowing $20,000 for wedding expenses for Chanelle, 28. "We want to do for...

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ANA: Dreamliner trouble costs reach $15 million

LONDON (CNNMoney) ANA, the world's biggest Dreamliner operator with a third of the 50 aircraft delivered so far, said it would seek compensation from Boeing (BA, Fortune 500) once the full extent of the damage is clear. But the carrier said its priority...

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Red state, blue state: Where Detroit can (and can't) sell cars

If the Detroit Three automakers want to survive, they need to look beyond their traditional red state customer base for car sales. (Fortune) But underneath the gauzy good news lies an unpleasant fact. The brands of the Big Three are in danger of...

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Get ready to file your taxes

Tax season officially kicks off on Wednesday. NEW YORK (CNNMoney) Wednesday marks the beginning of tax season, when most Americans can submit their returns to Uncle Sam. The IRS had originally planned to kick things off on Jan. 22, but the fiscal...

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Long-term investing: Keep it simple

A low-cost road to long-term investing: Index funds. NEW YORK (Money Magazine) I believe that investors are generally better off when they keep things simple. So for that reason alone, I'd go with index funds. You can make a very nice diversified...

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Toyota recalls 1 million cars in the U.S.

LONDON (CNNMoney) The Japanese carmaker said Wednesday it was recalling more than 1 million vehicles sold in the United States over faulty airbags and windshield wipers. The airbag control issue affects about 752,000 Corolla and Corolla Matrix...

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Businesses band together to support gay marriage

The new business coalition seeks to repeal DOMA and extend more than 1,000 federal benefits to same-sex married couples that currently only opposite-sex couples receive. NEW YORK (CNNMoney) The Human Rights Campaign announced the launch of the...

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Automatic spending cuts more likely now

Republican Paul Ryan, the House budget chairman, and Democrat Patty Murray, who leads the Senate budget panel, have both said that automatic spending cuts set for March 1 may occur. NEW YORK (CNNMoney) The sequester, as it's called, aims to reduce...

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Philips sells video business to Funai

LONDON (CNNMoney) The Dutch company, established in 1891 to meet the growing demand for light bulbs as electricity became more widely available, announced it was selling its video, audio and multimedia business to Japan's Funai Electric for 150 million...

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Super Bowl alert: Chicken wings will cost you

McDonald's is testing out Mighty Wings in select locations, a move that some experts say is helping to drive up chicken wing prices. NEW YORK (CNNMoney) But what will really hurt your wallet come game day? Chicken wings. Every year, the cost...

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Stocks await earnings, economic data

Click the chart for more premarket data. NEW YORK (CNNMoney) Another big week for corporate earnings gets underway, as the construction equipment maker's results are considered an indicator of the health for the global economy. Analysts expect...

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Toyota reclaims global auto sales crown

NEW YORK (CNNMoney) Earlier this month, General Motors (GM, Fortune 500) announced global sales of 9.29 million vehicles for the year. In late December, Toyota Motor (TM) said it expected that global sales for 2012 hit 9.7 million vehicles, and it...

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Boeing keeps building Dreamliners it can't fly

Boeing hasn't slowed production of its 787 Dreamliner despite the federal probe that has grounded the jet. NEW YORK (CNNMoney) A federal probe into electrical fires has grounded all 50 Boeing 787 Dreamliners around the world. But Boeing has little...

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RIM to advertise BlackBerry 10 during Super Bowl

NEW YORK (CNNMoney) It's RIM's (RIMM) first-ever Super Bowl commercial, and while the company didn't say how much it spent, Super Bowl broadcaster CBS (CBS, Fortune 500) previously told CNNMoney that 30-second spots are going for a record high of...

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China's growth to hit 8% in 2013

Davos, Switzerland (CNNMoney) "I think China's growth rate will be about 8% this year," Yi Gang said during a debate at the World Economic Forum in Davos, Switzerland. He said consumer price inflation could reach 3% or slightly higher. The world's...

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Chicago mayor asks banks to cut off gun makers

Chicago Mayor Rahm Emanuel wants banks to stop lending to gun makers. WASHINGTON (CNNMoney) Emanuel, mayor of the nation's third-largest city and former chief of staff to President Obama, wrote the CEOs of Bank of America (BAC, Fortune 500) and...

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Boeing keeps building Dreamliners it can't fly

Boeing hasn't slowed production of its 787 Dreamliner despite the federal probe that has grounded the jet. NEW YORK (CNNMoney) A federal probe into electrical fires has grounded all 50 Boeing 787 Dreamliners around the world. But Boeing has little...

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RIM to advertise BlackBerry 10 during Super Bowl

NEW YORK (CNNMoney) It's RIM's (RIMM) first-ever Super Bowl commercial, and while the company didn't say how much it spent, Super Bowl broadcaster CBS (CBS, Fortune 500) previously told CNNMoney that 30-second spots are going for a record high of...

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Stocks: Investors await earnings, home sales

Click on chart for more premarket data. NEW YORK (CNNMoney) U.S. stock futures edged higher ahead of quarterly reports from several major corporations, and fresh data on the housing market. Before the bell, firms including Halliburton (HAL,...

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Say goodbye to more bank branches

Banks are closing more branches as they look to cut costs and shift customers to online and mobile banking instead. NEW YORK (CNNMoney) Overall, banks closed 2,267 branches last year and opened only 1,149, according to research firm SNL Financial....

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Europe on the mend, but eurozone still shaky - Draghi

Davos, Switzerland (CNNMoney) Hailed as the euro's savior for his bond-buying plan that calmed markets last year, Draghi said European governments deserved credit for reducing borrowing and beginning to reform their economies. Describing 2012 as...

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Stocks: Apple to drag market down

Click for more market data. NEW YORK (CNNMoney) After the closing bell Wednesday, Apple (AAPL, Fortune 500) said it earned $13.1 billion in the quarter, the second highest profit ever earned by a U.S. corporation. But shares of Apple were down...

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Inside the Fed's fight

Chicago Fed president Charles Evans wants to keep the federal funds rate at zero until the unemployment rate improves. (Money Magazine) As chairman of the Federal Reserve, Ben Bernanke takes questions from Congress and at press conferences; markets...

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UK to tax cheats: 'Wake up and smell the coffee'

Davos, Switzerland (CNNMoney) Setting out his agenda for the U.K.'s chairmanship of the G8 group of leading industrial nations this year, Cameron said he was looking for progress on tax and trade and greater disclosure by companies and governments...

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The laptop/tablet hybrid will never work

The Surface aims to meld the laptop and hybrid, but it proves that the quest may be futile. NEW YORK (CNNMoney) That didn't work. It won't ever work. The Surface RT is a very good (if not quite great) piece of hardware with some of the most...

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Couple needs to take more risk with $455,000 savings

Paul and Linda Schilling, ages 60 and 59, Coral Springs, Fla. NEW YORK (Money Magazine) In 16 years of managing a successful UPS store six days a week, the couple have rarely been able to take more than a day off work at a time or see their favorite...

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U.S. delaying debt reckoning - UBS chief

DAVOS, SWITZERLAND (CNNMoney) Weber, former president of Germany's Bundesbank, said quantitative easing to pump cash into developed economies had been the right policy from 2007-2010, but it had helped create the impression that central banks were...

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Bernanke won't be back in 2014, say economists

Most economists believe Bernanke should be reappointed to another term by President Obama, but few expect that to happen. NEW YORK (CNNMoney) More than two-thirds of economists surveyed by CNNMoney said Bernanke likely won't be back for a third...

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