Rand Paul's hopes for a flat tax

If Rand Paul - the Libertarian-leaning, conservative senator from Kentucky - chooses to run for president in 2016, expect to hear a lot about a single-rate flat tax system. NEW YORK (CNNMoney) The blunt-spoken, Libertarian-leaning senator from...

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260,000 graduates in minimum wage jobs

NEW YORK (CNNMoney) About 260,000 people who had a college or professional degree made at or below the federal minimum wage of $7.25 per hour last year, according to the Bureau of Labor Statistics. Things may be looking up a little, though -- it's...

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Deflation risk raises head again in Europe

LONDON (CNNMoney) The annual rate of inflation fell to 0.5%, down from 0.7% in February and weaker than most economists were expecting. Inflation is now at its lowest level since November 2009. The European Central Bank, which meets Thursday, targets...

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GM adds 824,000 vehicles to recall

NEW YORK (CNNMoney) Until today the recall included the Chevrolet Cobalt and HHR, the Pontiac G5 and Solstice, and Saturn Ion and Sky through model year 2007. Now the company is including all model years of those vehicles because faulty switches could...

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GM's recall problems grow

NEW YORK (CNNMoney) Late in the day, GM said it had recalled 172,000 Chevrolet Cruzes "to replace a right front axle half shaft that can fracture and separate without warning during normal driving." Hours earlier, the automaker said it had told...

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Tesla reaches deal to keep selling in New York

NEW YORK (CNNMoney) Tesla (TSLA) and the New York Automobile Dealers Association have reached a compromise in their battle over Tesla's existing five stores in New York City and surrounding suburbs. The dealers had been pushing to shut down the...

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Ford boosts CEO pay 11% to $23.2 million

Ford CEO Alan Mulally is credited with turning the company around. NEW YORK (CNNMoney) Mulally was paid $23.2 million in 2013, up from about $21 million the previous year, Ford (F, Fortune 500) said in a regulatory filing. For 2013, the automaker's...

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S&P downgrades Target for data breach

Last year's data breach keeps hurting Target. S&P downgraded it one notch. NEW YORK (CNNMoney) The breach compromised credit card numbers and personal information of tens of millions of customers during the 2013 holiday season. Target (TGT,...

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GM adds 824,000 vehicles to recall

NEW YORK (CNNMoney) Until today the recall included the Chevrolet Cobalt and HHR, the Pontiac G5 and Solstice, and Saturn Ion and Sky through model year 2007. Now the company is including all model years of those vehicles because faulty switches could...

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'Buy local' campaigns can actually supercharge sales

In Michigan, Gazelle Sports sponsors fun runs as part of its "local first" campaign. NEW YORK (CNNMoney) "People thought we were a bunch of whiny little businesses," said Burton, a co-owner of The King's English Bookshop in Salt Lake City. "Now,...

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Tesla sales back on in New Jersey

Click the map to see where in the U.S. you can buy a Tesla. NEW YORK (CNNMoney) And legislation is in the works that may let the automaker sell directly to consumers for much longer. Tesla has been selling cars at its two company-owned stores...

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BlackBerry surges despite another loss

Shares of BlackBerry have soared in 2014 as investors bet that new CEO John Chen will turn the company around. NEW YORK (CNNMoney) Shares of BlackBerry (BBRY) surged more than 7% in pre-market trading Friday, after the company posted a narrower-than-expected...

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From farmers' markets to mass market

Neil Gottleib's ice cream business didn't take off until he started selling at the local farmers' market. NEW YORK (CNNMoney) "The location was terrible," said Gottlieb, founder of Petaluma, Calif.-based Three Twins Ice Cream. He needed to...

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$2 billion for Oculus? That's cheap!

NEW YORK (CNNMoney) For Facebook (FB, Fortune 500), buying Oculus was an opportunity to expand beyond its core business. Oculus' virtual reality headset is in a growing category of wearable technology that many industry experts expect to be the Next...

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Stocks could shrug off banking blues

Click on chart to track premarkets NEW YORK (CNNMoney) Aside from the banks, and despite a sorry market performance the day before, U.S. stock futures were slightly higher ahead of the opening bell. The Federal Reserve rejected Citigroup's...

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Top incomes can be fleeting

NEW YORK (CNNMoney) In fact, there's a lot of turnover in the top 1%, entry into which took at least $389,000 of adjusted gross income in 2011 -- a threshold met by nearly 1.37 million returns that year. Membership can be fleeting because many...

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Windows XP's open invitation to hackers

NEW YORK (CNNMoney) On April 8, Microsoft (MSFT, Fortune 500) will no longer provide security updates, or "patches," for its Windows XP operating system. This means computers running on XP -- and even machines like ATMs -- will be largely unprotected...

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Malaysia Airlines may need government rescue

Malaysia Airlines was in dire financial straits long before Flight 370 vanished. HONG KONG (CNNMoney) But the loss of the flight and subsequent focus on the company's management has further damaged the troubled carrier. Analysts say Malaysia...

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Graduate student loans are ballooning

Graduate student loans are playing a key role in the student loan crisis. WASHINGTON (CNNMoney) Students who went to university for a graduate degree borrowed $57,600 in 2012, a 43% increase from $40,209 in 2004, according to new research released...

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Silicon Valley is fed up with slow Internet speeds

Some of the country's largest broadband providers are quietly steeling for a fight with the Internet giants of Silicon Valley. NEW YORK (CNNMoney) Companies like Google (GOOG, Fortune 500) and Netflix rely on Internet service providers to transmit...

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Recall isn't GM's biggest problem

NEW YORK (CNNMoney) The recall problems, while tragic and a high profile, are likely to be relatively contained. The issue should have limited impact on the company's sales and profits. A number of other matters, many outside of GM's control, pose...

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Stocks: Preparing for a rush of IPOs

Click on chart to track premarkets NEW YORK (CNNMoney) The company behind the popular Candy Crush Saga online game is one of 14 companies set to go public this week. The IPO mania is part of a longer term, global trend that has seen many...

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Meet America's oldest bike maker

NEW YORK (CNNMoney) New York City's Worksman Industrial Cycles is the oldest large-scale bike maker in the United States. Housed in a 70-year-old, three-story factory in Queens, Worksman has been making bikes in New York since 1898. Workers at...

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Jobless father of 4: Awaiting lifeline from Congress

Renardo Gomez, with three of his children, has been unemployed since April and is afraid of getting evicted. WASHINGTON (CNNMoney) He owes several family members payments of $50 to $100. The borrowed money, along with food stamps, has helped...

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Are Netflix users ripping off the rest of us?

Reed Hastings says Netflix is "reluctantly" paying for faster connections to broadband networks. NEW YORK (CNNMoney) Hastings sounded off Thursday on the likes of Verizon (VZ, Fortune 500), Comcast (CMCSA, Fortune 500) and others, accusing them...

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Taxpayers hit with fewer audits

NEW YORK (CNNMoney) The agency audited 1.4 million people last year, down 5% from 2012 and the lowest number of audits conducted since 2008, according to IRS statistics released Friday. The IRS blamed its shrinking budget for the drop-off, saying...

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No winners for $1 billion NCAA challenge

NEW YORK (CNNMoney) The $1 billion prize for a perfect NCAA bracket that his Berkshire Hathaway (BRKA, Fortune 500) was backing will go unclaimed. None of the fans who signed up for the perfect bracket challenge sponsored by Quicken Loans and Yahoo...

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Taxpayers hit with fewer audits

NEW YORK (CNNMoney) The agency audited 1.4 million people last year, down 5% from 2012 and the lowest number of audits conducted since 2008, according to IRS statistics released Friday. The IRS blamed its shrinking budget for the drop-off, saying...

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Obamacare: Some may have more time to finish applications

The administration may let some people finish their Obamacare applications after March 31 NEW YORK (CNNMoney) Administration officials have repeatedly said they are not extending the open enrollment deadline. But they are now considering giving...

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How to tame your workers' wandering eye

Kevin Menzie keeps his employees happy by taking them on "creative experiences," this one at the top of Colorado's Quandry. NEW YORK (CNNMoney) Tempted by the prospect of landing a better gig, 85% of the workforce is looking for a job or interested...

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