India's economic growth slowest since 2009

India's GDP growth hit is lowest level since the beginning of 2009. LONDON (CNNMoney) The nation's gross domestic product -- the broadest measure of economic growth -- came in at 4.4% annual rate for the April to June quarter. That's India's...

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China partners with U.S. oil firm in Egypt

NEW YORK (CNNMoney) The deal involves Sinopec (SHI) paying $3.1 billion for a 33% stake in Apache's Egyptian operations, which produce about 100,000 barrels of oil day. Apache (APA, Fortune 500) said the sale had nothing to do with the current...

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American, US Air win quick trial for antitrust case

US Airways and American Airlines won their request for a quick trial in the antitrust case that seeks to block their proposed merger. NEW YORK (CNNMoney) U.S. District Court Judge Colleen Kollar-Kotelly on Friday set a Nov. 25 trial date, which...

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Can you trust online-only banks?

Many online banks offer a variety of perks, ranging from higher interest rates for savers to fewer fees. NEW YORK (CNNMoney) With low interest rates making it a difficult time for savers, opting for one of their branchless counterparts can seem...

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Stocks: Steady ahead for now

Click the chart for more information. NEW YORK (CNNMoney) Friday is expected to be a quiet trading day before the three-day Labor Day weekend, but investors are waiting for a few economic reports. Data on U.S. personal income and spending...

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Suicide note mentions insurer's ex-chairman

Josef Ackermann, the former chairman of Zurich Insurance, was named in a suicide note written by the company's CFO. LONDON (CNNMoney) Interim chairman Tom de Swann told investors on a conference call Friday that the Swiss company's CFO, Pierre...

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The Oxford (B-school) blues

Oxford business school's new dean, Peter Tufano (Fortune) Britain's oldest university (with roots in the 11th century!) consistently churns out top scholars and politicians but has lagged behind its American counterparts when it comes to nursing...

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Selling narrative

(Fortune) It's a strange marriage that has brought these professional bards into the boardroom. The Moth partnered with MSLGroup, the public relations division of the French advertising and marketing company Publicis Groupe. Three years ago MSL was...

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Vegas' next big thing

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity...

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Detroit pensions: Bribes, a $5,000 poker chip and a big financial hole

U.S. Attorney Barbara L. McQuade's office has led the charge against much of the pension corruption in Detroit. NEW YORK (CNNMoney) The city says the funds suffer a $3.5 billion shortfall, making benefit cuts inevitable. The trustees who control...

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The Fed's millionaires

Fed Chairman Ben Bernanke has assets worth between $1.1 million and $2.3 million. HONG KONG (CNNMoney) Financial disclosure forms released Tuesday show that all seven current members of the Federal Reserve Board of Governors have assets worth more...

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IPhone 5C: Cheaper for Apple, not for you

NEW YORK (CNNMoney) Many analysts and investors have called for Apple (AAPL, Fortune 500) to enter into the low-end smartphone market to lure in customers in China and other emerging markets. But the rumored iPhone 5C likely won't be cheaper for consumers;...

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New innovators face backlash

Startups like Uber -- an app that lets people hail a taxi or car service from their mobile phone -- say they are facing unfair legal challenges from the established players. NEW YORK (CNNMoney) Cutting-edge start-up companies are crying foul, claiming...

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How to manage employees who work from home

Telecommuting is the wave of the future, and yet managing people you rarely see can pose some special challenges. NEW YORK (CNNMoney) Based in Goleta, Calif., Eucalyptus has about 100 employees, and 70 of them telecommute from locations around...

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Ex-JPMorgan 'Whale' banker arrested

Former JPMorgan banker Javier Martin-Artajo has been arrested in Spain LONDON (CNNMoney) Spanish police said Javier Martin-Artajo, former head of credit and equity trading at JPMorgan's chief investment office, turned himself in. His case has been...

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Bulletproof whiteboards are university's answer to school shootings

Hardwire has sold 200 bulletproof whiteboards (which also come in blue and pink) to the University of Maryland Eastern Shore as a last-ditch defense against school shootings. NEW YORK (CNNMoney) The University of Maryland Eastern Shore has already...

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China's Internet hit by biggest cyberattack in its history

HONG KONG (CNNMoney) Internet users in China were met with sluggish response times early Sunday as the country's domain extension came under a "denial of service" attack. The attack was the largest of its kind ever in China, according to the China...

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Cancer drug industry sees $10 billion merger

NEW YORK (CNNMoney) The agreement, announced Sunday, sent Amgen (AMGN, Fortune 500) and Onyx (ONXX) shares up more than 4% in premarket trading Monday. Amgen has agreed to acquire all outstanding Onyx shares for $125 per share, a deal it expects...

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Busting the 5 myths of college costs

Much of the playbook for taking on the $40,000 average sticker price of a private school is out-of-date or just plain wrong. (Money Magazine) So you figure you've got this college thing under control. Not quite. Those expensive schools you ruled...

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Big bank's legal tab: $66 billion and growing

Bank's litigation costs related to the financial crisis and other misdeeds have already topped $66 billion. NEW YORK (CNNMoney) The government needs to move swiftly to prosecute crimes leading up to the credit crisis and extract more penalties...

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How to unload a timeshare

NEW YORK (CNNMoney) Timeshares give owners joint ownership in vacation properties, often in tropical hotspots like Hawaii or Florida. But on top of purchase costs, the properties typically come with annual maintenance fees and other costs that can...

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Time Warner's fix for CBS blackout: Free rabbit ears!

Time Warner Cable is offering free antennas so subscribers can watch CBS shows like "Under the Dome" over the air. NEW YORK (CNNMoney) In an email to customers on Friday, Time Warner Cable (TWC, Fortune 500) said that it is "making basic indoor...

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Selling your old iPhone? Do it now

The trade-in value of old iPhones will plummet before Apple announces its newest version in September. NEW YORK (CNNMoney) Old iPhones hold their worth better than any other smartphone on the market. But iPhones' resale value takes a nosedive right...

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DOMA ruling's overlooked benefit: Immigration rights

Judy Rickard and Karin Bogliolo are finally reunited after being forced to live in separate countries for years. NEW YORK (CNNMoney) Just ask Judy Rickard of California and British citizen Karin Bogliolo. They've been together for nearly 10...

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Europe's recovery gaining momentum

A revival in German manufacturing, driven by domestic demand and exports, is helping to put Europe's recovery on a more sustainable footing. LONDON (CNNMoney) The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the...

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What you'll actually pay for Obamacare

Obamacare subsidies defray how much lower-income consumers have to pay for insurance. NEW YORK (CNNMoney) Thanks to subsidies from the federal government, which will help pay for health insurance on state-based exchanges starting in 2014, many...

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Behind on your taxes? You may lose your driver's license

New York recently joined a small group of states that threaten tough actions, including driver's license suspensions, to compel delinquent taxpayers to pay up. NEW YORK (CNNMoney) The state is creating a driver's license suspension program aimed...

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'Call of Duty Ghosts': Activision's next billion dollar video game

Activision's new 'Call of Duty: Ghosts' video game is expected to produce revenue of more than $1 billion. NEW YORK (CNNMoney) The latest edition of the wildly successful global franchise is set to launch Nov. 5. "Call of Duty: Ghosts" introduces...

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