Incomes bounce back in February

NEW YORK (CNNMoney) Personal incomes rose 1.1% in February, while spending rose 0.7%, the Commerce Department said. Both figures were larger than expected. Economists were expecting a 0.8% rise in incomes and a 0.6% gain in spending, according...

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Fortune Brainstorm Podcast: Lena Dunham

NEW YORK (Fortune) Fortune wants to make it even easier for you to eavesdrop. The weekly Fortune Brainstorm podcast features recorded conversations from Fortune's live events. In this week's installment, actor and writer Lena Dunham -- creator...

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Feds turn up heat on hedge-fund mogul Steven Cohen

Steven Cohen of SAC Capital. NEW YORK (CNNMoney) Michael Steinberg, apprehended in Manhattan on Friday morning, is one of at least seven current or former SAC Capital employees to be charged in insider-trading cases over the past few years. ...

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Incomes bounce back in February

NEW YORK (CNNMoney) Personal incomes rose 1.1% in February, while spending rose 0.7%, the Commerce Department said. Both figures were larger than expected. Economists were expecting a 0.8% rise in incomes and a 0.6% gain in spending, according...

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Fortune Brainstorm Podcast: Lena Dunham

NEW YORK (Fortune) Fortune wants to make it even easier for you to eavesdrop. The weekly Fortune Brainstorm podcast features recorded conversations from Fortune's live events. In this week's installment, actor and writer Lena Dunham -- creator...

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Feds turn up heat on hedge-fund mogul Steven Cohen

Steven Cohen of SAC Capital. NEW YORK (CNNMoney) Michael Steinberg, apprehended in Manhattan on Friday morning, is one of at least seven current or former SAC Capital employees to be charged in insider-trading cases over the past few years. ...

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Triangle home with 'drawbridge'

NEW YORK (CNNMoney) "It's not totally clear what the building is because it's such an odd or unusual shape," said Russell, who designed the property himself. The 3,200-square-foot home is built on a triangular plot of land flanked by Interstate...

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One in four U.S. firms in China report data theft

HONG KONG (CNNMoney) Many American businesses in the country also reported worrying more about data security, with over 40% of respondents saying the risk of a data breach is rising. Fifty-three percent said the risk is static, while only 5% said...

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SAC Capital trader arrested

FBI agents arrested a high profile trader from SAC Capital on Friday, as part of an investigation into insider trading. NEW YORK (CNNMoney) Michael Steinberg, a portfolio manager at SAC Capital, was arrested following an investigation of insider...

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IRS says taxpayers making fewer mistakes

NEW YORK (CNNMoney) Last year, the IRS identified 2.7 million math mistakes made by 2 million taxpayers on their 2011 returns, according to new data from the agency. That's less than half of the 6.6 million errors found in 2011 on 5 million 2010 tax...

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Cyprus banks reopen with tough cash limits

Banks in Cyprus reopened Thursday for the first time since they were shut March 16 throughout fraught bailout negotiations. LONDON (CNNMoney) Cyprus became the first eurozone country since the currency was launched on Jan. 1, 1999, to place restrictions...

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BlackBerry sells 1 million Z10 phones

BlackBerry sold 1 million of its new Z10 smartphones in the fourth quarter. But overall revenue missed forecasts. NEW YORK (CNNMoney) BlackBerry's (BBRY) fiscal fourth quarter, which ended March 2, was a transitional one. The company finally launched...

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Agency sacks employees over Ford art depicting tied-up women

HONG KONG (CNNMoney) The cartoonish drawings, produced by WPP unit JWT, were never part of a paid campaign. But they have struck a nerve as India institutes new rules to protect women following a series of high-profile gang rapes. One of the images...

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Honda unveils minivan with built-in vacuum cleaner

Honda debuted a minivan with a built-in vacuum cleaner at the New York auto show Wednesday. NEW YORK (CNNMoney) At the New York Auto Show on Tuesday, Honda unveiled its 2014 Odyssey minivan -- and the feature getting most of the attention was a...

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British banks need $38 billion to fill cash gap

Bank of England says UK banks need to be raise capital this year LONDON (CNNMoney) The Bank of England said it would ensure that all major British lenders take action to plug the gap by the end of 2013 after regulators found that the industry was...

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Boeing completes first 787 Dreamliner test flight

Boeing conducted a test flight of its troubled 787 Dreamliner on Monday. HONG KONG (CNNMoney) The brief flight, which departed from Everett, Wash., took the plane along the Pacific coast into Oregon before returning to land at Paine Field. According...

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Marriage ruling could save same-sex couples thousands

NEW YORK (CNNMoney) This week, the court will hear a case challenging the Defense of Marriage Act, a 1996 law that prevents same-sex couples from receiving more than 1,000 federal benefits that opposite-sex married couples receive. This includes...

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Stocks: Keeping a watch on Europe

Click on chart for market data NEW YORK (CNNMoney) Cyprus' banks will remain shut until Thursday to give regulators time to guard against a run on deposits. Some form of capital controls will be applied when the banks eventually reopen. The...

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Guns and ammo sales spark jobs boom

The rising enthusiasm for firearms, especially semiautomatic rifles, is fueling a vibrant job market for the manufacturing of guns and ammunition. NEW YORK (CNNMoney) Mike Weddle, head of maintenance at Dynamic Research Technologies, an ammunition...

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For repo men, economic recovery is a blow to business

NEW YORK (CNNMoney) The Lynbrook, N.Y.-based entrepreneur owns Payback Repo Incorporated, a car repossession company. "People say, 'Oh you guys must be doing amazing!'" Lennon said. "It's the total opposite." Repossession specialists, better known...

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Icahn, Blackstone make buyout bids for Dell

Dell confirmed two new bidders for the company Monday. NEW YORK (CNNMoney) The board said it will enter into negotiations with both groups. It also said that CEO Michael Dell has agreed to the "possibility of working with third parties" regarding...

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Cyprus endgame: What happens if its banks collapse?

A banking collapse would likely lead to Cyprus' exit from the eurozone. The ramifications of that are unknown. LONDON (CNNMoney) The European Union wants the beleaguered country to find nearly €6 billion to add to a €10 billion bailout program...

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Cyprus bailout: Bank tax plan still unresolved

LONDON (CNNMoney) The tiny island nation needs to find a way to raise nearly €6 billion to satisfy the conditions of a €10 billion EU rescue or face economic meltdown when banks reopen Tuesday after a 10-day hiatus. Late Friday, after a long debate,...

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'Only hard choices' for Cyprus

LONDON (CNNMoney) Negotiations between Cyprus and its would-be bailout partners at the European Union and International Monetary Fund continued through the weekend as the clock ticks down on the country's financial system. "The events of recent...

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Google Keep is a note-taking app with great potential

Google Keep has a lot of potential. NEW YORK (CNNMoney) Before the arrival of Keep, which Google launched this week, there was no default note-taking app for Android. It was a glaring hole, considering that Apple's (AAPL, Fortune 500) iPhone has...

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Cyprus endgame: What happens if its banks collapse?

A banking collapse would likely lead to Cyprus' exit from the eurozone. The ramifications of that are unknown. LONDON (CNNMoney) The European Union wants the beleaguered country to find nearly €6 billion to add to a €10 billion bailout program...

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Cyprus bailout: Bank tax plan still unresolved

LONDON (CNNMoney) The tiny island nation needs to find a way to raise nearly €6 billion to satisfy the conditions of a €10 billion EU rescue or face economic meltdown when banks reopen Tuesday after a 10-day hiatus. Late Friday, after a long debate,...

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Get more out of your closet space

To figure out the most effective solution, you need to determine the size of your challenge. Start by weeding out what you don't wear. (Money Magazine) There's plenty of space for all manner of sweater shelves, lingerie drawers, shoe cubbies, and...

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Meat industry rescues federal workers

The meat and poultry industry came to the rescue of food inspectors who faced 11 days of furloughs this year. WASHINGTON (CNNMoney) Over 9,000 federal food inspectors won't face furloughs after top companies from the meat and poultry industries...

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The wedding is off! Who gets the engagement ring?

Many courts have ruled that the ring is a "conditional gift" that must be returned to the person who bought it. NEW YORK (CNNMoney) More than $5,000 is spent on the average engagement ring. And deciding who gets to keep the ring when the big day...

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The U.S.A.: Still unrivaled

(Fortune) Isn't it amazing how much of what you read and hear turns out to be nonsense? To this category let us now consign the whole "End of the American Dream" story line. It's a new century. And as we consider in this issue the entire question...

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Mississippi's great green hope

(Fortune) The plant is the first commercial-scale facility for KiOR, a Pasadena, Texas-based startup bankrolled by Vinod Khosla, the billionaire clean-tech investor. After nearly a decade of coming up short, he's hoping he has finally struck on an...

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Can Time Inc. make it alone?

(Fortune) For a newly independent Time Inc., the 91-year-old publisher of Time, Sports Illustrated, People, and dozens of other titles, including Fortune, the general opinion was downbeat: Unlike Time Warner, which grew operating earnings in its nonpublishing...

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States eye private insurance for Medicaid expansion enrollees

Some states may use their Medicaid expansion funds to buy private insurance. NEW YORK (CNNMoney) That twist is keeping alive the possibility of broadening Medicaid coverage in states where conservative legislators are bucking their governors' acceptance...

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