Wal-Mart's U.S. CEO defends early Thanksgiving Day opening

NEW YORK (CNNMoney) CNNMoney spoke with Wal-Mart's (WMT, Fortune 500) U.S. CEO Bill Simon. Is shopping the kind of family tradition Wal-Mart wants to perpetuate? Simon: Our job is to try to anticipate what the customer wants... Having families...

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Bitcoin worth $9M buried in garbage dump

A hard drive containing about $9 million in bitcoin is trapped under mounds of trash at a landfill site like this one in the U.K. LONDON (CNNMoney) The device is now buried under a mountain of garbage at a landfill site in Wales. It will be almost...

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Wal-Mart protesters arrested at Black Friday rallies

Demonstrators protesting outside a Walmart in Paramount, Calif. are arrested during a 2012 Black Friday protest. Protesters took to the streets near a number of Walmart locations again this year. NEW YORK (CNNMoney) Ten people were arrested on...

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Thanksgiving openings appear to succeed

NEW YORK (CNNMoney) For all the talk of shopping boycotts -- on the grounds that family values exceed the desire to save a few bucks -- American consumerism has triumphed. The crowds that typically appear before dawn Friday showed up at what's traditionally...

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Stocks: Set to end November on a high

NEW YORK (CNNMoney) U.S. stock futures were edging higher, with the Dow Jones Industrial Average and the S&P 500 each adding 0.2%, and the tech-heavy Nasdaq up 0.4%. Trading is likely to be quiet Friday, with U.S. indexes closing at 1:00 p.m....

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Toys "R" Us deals gone in a flash

NEW YORK (CNNMoney) Hundreds of shoppers wandered through the sprawling Toys "R" Us store in Times Square at 10 p.m. on Thanksgiving -- a time when the store used to be closed for the holiday. Toys "R" Us opened its doors at 5 p.m. on Thursday...

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Sriracha factory ordered to put a lid on smell after locals pepper city with complaints

NEW YORK (CNNMoney) A judge in Los Angeles County has ordered Sriracha maker Huy Fong Foods to suspend operations at a plant in the city of Irwindale that local residents claim has caused an overpowering odor. Irwindale claimed in a lawsuit that...

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Disgusted shoppers threaten to boycott Black Friday Thursday

This badge is circulating on Facebook and was shared more than 959,000 times as of mid-day Wednesday. NEW YORK (CNNMoney) Among their biggest targets: Kmart plans to kick Thanksgiving day off, opening stores at 6 a.m. and remaining open for 41...

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Black Friday: Is it worth it?

NEW YORK (CNNMoney) Some of the nation's largest retailers plan to open their doors on Thanksgiving Day, kicking off with Kmart (SHLD, Fortune 500) at 6 a.m.,Toys R Us at 5 p.m. Wal-Mart (WMT, Fortune 500) and Best Buy (BBY, Fortune 500) at 6 p.m....

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No tech bubble here

Market analysts say this Nasdaq run-up is nothing like the tech bubble of 13 years ago. NEW YORK (CNNMoney) It makes sense that benchmarks like the Nasdaq at 4,000 could reignite bubble fears. It comes after the recent string of successful initial...

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Stocks: Cheery mood on Thanksgiving eve

Click on chart for more premarket data. NEW YORK (CNNMoney) U.S. stock futures were continuing to edge higher Wednesday morning. The main indexes in the U.S. have risen by 23% to 33% so far this year thanks to an economic recovery spurred...

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5 Black Friday tricks to avoid

NEW YORK (CNNMoney) "So many people get caught up in the frenzy of Black Friday weekend. All retailers prey on that, " said Marshal Cohen, chief retail analyst at the NPD Group. So if you decide to brave the stores this Black Friday (or in some...

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Qualcomm faces antitrust probe in China

HONG KONG (CNNMoney) Beijing's National Development and Reform Commission has launched an antitrust investigation into Qualcomm, the company said in a brief statement. Qualcomm (QCOM, Fortune 500) said the Chinese government agency had not revealed...

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Washington stalemate risks $7 milk

WASHINGTON (CNNMoney) A key sticking point holding up the bill is funding for food stamps. House Republicans want to make changes that would drop 3.8 million people from food stamps next year, while Senate Democrats aren't keen on making these cuts....

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Bitcoin to host its own Black Friday

NEW YORK (CNNMoney) Hundreds of merchants will be joining "Bitcoin Friday" on Nov. 29, selling everything from Christmas trees to clothes, to web domains. Bitcoin Friday deals include unlocked phones from GSM Nation and discounted plane tickets...

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Startups find free money in South America

Start-Up Chile offers $40,000 of equity-free funding to entrepreneurs who move to Chile for six months to work on their projects. NEW YORK (CNNMoney) What changed? Bernardo took advantage of Start-Up Chile, one of several South American initiatives...

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Not wanted: 100,000 Medicaid enrollees

More people currently eligible for Medicaid are signing up, thanks to Obamacare outreach. NEW YORK (CNNMoney) More than 100,000 people were approved for Medicaid last month in the 25 states that have opted not to expand the government program,...

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Highest property taxes in America

NEW YORK (CNNMoney) They're home to the three counties that charge the highest average property taxes in the country. By contrast, a number of counties in Alabama and Louisiana have some of the lowest. Those are among the findings of a new residential...

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Foxconn to build plant in Pennsylvania

A Foxconn factory in China. The contract manufacturer for Apple and other leading U.S. tech companies announced plans to build a plant in Pennsylvania. NEW YORK (CNNMoney) The company, which a year ago said it was looking at expanding its U.S....

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Cable stocks surge on takeover chatter

Click the chart to track shares of Time Warner Cable. NEW YORK (CNNMoney) Charter Communications (CHTR, Fortune 500), the fourth largest cable provider with just over 4 million subscribers, has reportedly been in talks with major banks to borrow...

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Credit Suisse banker sentenced to 30 months in prison

NEW YORK (CNNMoney) Serageldin, who had been extradited from the UK in April, had pled guilty to the charges. At the time of his February 2012 indictment, authorities said he faced up to 45 years in prison if convicted. Preet Bharara, the U.S. Attorney...

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Cable stocks surge on takeover chatter

Click the chart to track shares of Time Warner Cable. NEW YORK (CNNMoney) Charter Communications (CHTR, Fortune 500), the fourth largest cable provider with just over 4 million subscribers, has reportedly been in talks with major banks to borrow...

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Foxconn to build plant in Pennsylvania

A Foxconn factory in China. The contract manufacturer for Apple and other leading U.S. tech companies announced plans to build a plant in Pennsylvania. NEW YORK (CNNMoney) The company, which a year ago said it was looking at expanding its U.S....

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Credit Suisse banker sentenced to 30 months in prison

NEW YORK (CNNMoney) Serageldin, who had been extradited from the UK in April, had pled guilty to the charges. At the time of his February 2012 indictment, authorities said he faced up to 45 years in prison if convicted. Preet Bharara, the U.S. Attorney...

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The danger when one client is 80% of sales

NEW YORK (CNNMoney) It's a lesson Marsha Friedman learned the hard way. Shortly after she founded her Florida PR firm, EMSI Public Relations, a large publishing house signed on as a client. "The first few publicity campaigns we did for them were...

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Federal cuts biting into home heating aid

Federal budget cuts have hit a program that helps the poor heat and cool their homes this winter. Some 300,000 fewer households will be helped this year. WASHINGTON (CNNMoney) This is the second year that so-called sequester, or deep government...

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Buyer beware: Retail cards have costly trap

Beware of tempting credit card offers from retailers that appear too good to be true. NEW YORK (CNNMoney) Many retailers advertise credit cards with an introductory 0% interest rate, which can be a great deal if you pay off your balance in full...

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The Wall Street Stupidity Index

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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A very strange scandal

(Fortune) The reason the Stapleses could pull off a scheme that seemingly benefits everyone begins with corporate bond offerings and a little-known provision called a survivor's option. If you buy a bond and die, your heirs are allowed to cash in...

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Zambia's resource problem

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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Sold! Elvis Presley Inc. has a new owner

Elvis, surrounded by fans after a 1958 concert. HONG KONG (CNNMoney) Authentic Brands Group announced Tuesday that it has purchased the intellectual property associated with the rock-and-roll icon from Core Media Group. Authentic Brands, which...

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Fired Wal-Mart workers could get jobs back

Wal-Mart workers have been protesting for higher wages. NEW YORK (CNNMoney) On Monday, a federal agency said it is ready to bring a case against Wal-Mart (WMT, Fortune 500)for allegedly retaliating against workers who staged Black Friday protests...

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Markets weak as they await Fed and data

Click on chart to track premarkets NEW YORK (CNNMoney) U.S. stock futures were lackluster as they slipped slightly below Tuesday's closing numbers. The market is waiting for the release at 2 p.m. ET of the minutes from the Federal Reserve's...

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Tech firms now hiring more women than men

Some 60% of tech industry jobs went to women over the past year. NEW YORK (CNNMoney) Over the last 12 months, the tech industry added 60,000 jobs, and 36,000 -- or 60% -- of those positions went to women, according to the Bureau of Labor Statistics....

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Feds open safety probe into Tesla fires

One of three Tesla Model S vehicles that has caught fire. NEW YORK (CNNMoney) The announcement comes after three fires in the last six weeks involving the electric car, which has gotten top safety ratings in crash tests performed by the National...

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