Boeing apologizes for Dreamliner fiasco

LONDON (CNNMoney) Raymond Conner, head of the commercial aircraft division at Boeing (BA, Fortune 500), said the incidents that led to the grounding of the entire fleet of Dreamliner 787 planes were "deeply regretful". "On behalf of the Boeing...

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Europe to cap bankers' bonuses

U.K. bankers' bonuses will be capped by new EU rules. LONDON (CNNMoney) The measure, which could take effect as early as January 2014, will limit bonuses to the level of annual salary, or twice salary given the approval of a majority of shareholders....

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Stocks: Economy, earnings back in focus

Click on chart for more premarket data NEW YORK (CNNMoney) The Labor Department will release its weekly report on initial jobless claims at 8:30 a.m. ET, while the Commerce Department will publish its second estimate of fourth-quarter GDP. In...

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Young adults are too broke to get loans

Young adults have reduced their debt levels throughout the Great Recession. NEW YORK (CNNMoney) It's not because legions of Americans under age 35 have suddenly become fiscally responsible. It's more likely that their shaky economic foundations...

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3 basic steps to creating a retirement plan

NEW YORK (Money Magazine) You, sir, need a plan. A recent survey shows that people who've prepared a personal financial plan are more likely to feel as if they're on track to meet financial goals, like saving for retirement. That makes perfect...

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Pimps hit social networks to recruit underage sex workers

NEW YORK (CNNMoney) "I was just, 'oh, he's cute, I'll accept him,'" a 22-year-old called "Nina" recalls. She was 18 at the time, and didn't imagine that clicking "accept" would start her on a path to four years of prostitution across the country....

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Business saves $270K. The trick? No employees

Xan Hood, founder of clothing startup Buffalo Jackson, relies entirely on freelancers. It's part of a small business boom in the use of temp workers. NEW YORK (CNNMoney) He's got two artists, two accountants, a photographer, a web consultant and...

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Workers over 50 are the new 'unemployables'

Mary Clair Matthews, Tony Kash and Jill Cummings are struggling to find jobs. Click the photo to read their stories. NEW YORK (CNNMoney) On one hand, they're too young to retire. They may also be too old to get re-hired. Call them the "new...

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Community college grads out-earn bachelor's degree holders

Nearly 30% of Americans with associate's degrees now make more than those with bachelor's degrees, according to Georgetown University's Center on Education and the Workforce NEW YORK (CNNMoney) That's 15% higher than the average starting salary...

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Marijuana dealers get slammed by taxes

Denver Relief, one of the largest marijuana dispensaries in Colorado, has an effective tax rate of around 50%, according to co-owner Kayvan Khalatbari. NEW YORK (CNNMoney) The hefty levy is the result of a 1982 provision to the tax code, known...

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Adoption tax credit for same-sex couples

Sharon McGowan, left, and her wife Emily expect to receive an adoption tax credit of more than $2,000 after Sharon legally adopted their daughter. NEW YORK (CNNMoney) The adoption tax credit grants qualifying taxpayers up to $12,650 per child for...

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U.K. vows to stick with austerity

LONDON (CNNMoney) Moody's cut its rating to Aa1 late Friday, saying growth would remain weak into the second half of the decade, making it harder for the government to deliver on its debt-cutting targets and undermining the ability of the U.K. to...

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Judge rules against Apple in Einhorn cash fight

NEW YORK (CNNMoney) Einhorn's Greenlight Capital filed a lawsuit earlier this month seeking to "unbundle" a number of shareholder proposals that would have been voted on as a group, including one that would have made it difficult for the company to...

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Moody's downgrades United Kingdom from AAA

God save the AAA rating. NEW YORK (CNNMoney) The U.K. was knocked down one notch to Aa1, with its ratings outlook at stable. Moody's said the key drivers of the downgrade included the country's rising debt burden and tepid growth outlook over the...

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Samsung stuffs a phone in new Galaxy Note 8.0 tablet

NEW YORK (CNNMoney) It runs Android 4.1, has a 1.6 GHz quad-core CPU, 2 gigabytes of RAM, and an 8-inch, 1280 x 800 display that you can control with Samsung's S-Pen stylus. But on the international version of the device, there's something quite strange...

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Fed officials: Don't worry if we lose money

NEW YORK (CNNMoney) But that's okay, Fed officials say. After years of record profits, the Fed is likely to be saddled with losses starting in 2017 or 2018, economists predict in a paper that was presented Friday at the U.S. Monetary Policy Forum,...

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Judge rules against Apple in Einhorn cash fight

NEW YORK (CNNMoney) Einhorn's Greenlight Capital filed a lawsuit earlier this month seeking to "unbundle" a number of shareholder proposals that would have been voted on as a group, including one that would have made it difficult for the company to...

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Moody's downgrades United Kingdom from AAA

God save the AAA rating. NEW YORK (CNNMoney) The U.K. was knocked down one notch to Aa1, with its ratings outlook at stable. Moody's said the key drivers of the downgrade included the country's rising debt burden and tepid growth outlook over the...

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Transgender job seekers face uphill battle

NEW YORK (CNNMoney) She has applied for almost 100 jobs and has gone on close to 20 interviews, but there have been no offers. No one says they aren't hiring her because she's transgender. But some employers tell her the job has been filled even though...

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Behind Facebook's tax bill

NEW YORK (CNNMoney) Tax experts say that could possibly be true -- and if so, it's perfectly legal -- but it's only part of the story. At issue is a sizable tax deduction from stock options that Facebook issued to its employees. Stock options,...

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$19.9M Atlanta mansion offers lush Hollywood life

NEW YORK (CNNMoney) This 40,000 square-foot, Mediterranean-style mansion was custom built in 2008 and sits on one of the area's most prestigious roads in Tuxedo Park , according to Mark Bhaggan of Atlanta Fine Homes, Sotheby's International Realty....

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France may prolong eurozone recession

LONDON (CNNMoney) A survey of 5,000 companies in manufacturing and services showed eurozone output fell to a two-month low in February. The Purchasing Managers' Index flash estimate fell to 47.3, from 48.6 in January, as the decline in French output...

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7 spending cuts you'll really feel

Americans will feel the impact of federal budget cuts through fewer federal food inspectors, meals for seniors, preschool teachers and hurricane repairs. WASHINGTON (CNNMoney) Some of the hardest hit would be 2.1 million federal workers who could...

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Are you financially secure? 8 questions to ask

Keep your financial future above water. Save 15% of you income annually. (Money Magazine) You know you need a plan to handle the unknowable twists of fate -- and the impact they'll have on your bank balance. Yet even if you think you've accounted...

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