The Coolest Kickstarter ever raises over $13 million

NEW YORK (CNNMoney) The Coolest Cooler (yes, a cooler) raised $13.3 million in its 52-day run. The previous record holder, the Pebble smartwatch raised $10.2 million in 2012. Why have more than 60,000 people contributed to a cooler campaign? Well,...

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A&E deal would price Vice at $2.5 billion

Vice's co-founder Shane Smith has said he wants Vice to be the "next CNN" and "next MTV." NEW YORK (CNNMoney) Vice Media is in talks with A&E about a deal that would value it at more than $2.5 billion, according to a Vice spokesman. A&E...

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Sports betting vs. the stock market

NEW YORK (CNNMoney) They both believe they can predict the future, and they sometimes fall into the trap of making decisions with their hearts instead of their brains. And of course, they both hate to lose. But don't let those similarities fool...

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Stocks: 5 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the five things you need to know before the opening bell rings in New York: 1. Amazing August: The major U.S. indexes have climbed up by roughly 3% to 4% over the course of...

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Malaysia Airlines slashes 6,000 jobs in major restructuring

HONG KONG (CNNMoney) State investor Khazanah, which owns nearly 70% of the carrier, revealed the 30% workforce reduction on Friday. Khazanah also announced the creation of a new corporation that will absorb the majority of the carrier's assets....

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Struggling Angry Birds maker dumping CEO

The maker of the Angry Birds video game is replacing its CEO. NEW YORK (CNNMoney) Rovio Entertainment, the Finnish video game maker, announced that CEO Mikael Hed will "pass the hoodie" in January to former Nokia (NOK) executive Pekka Rantala,...

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New England's epic supermarket feud ends

With few customers and no deliveries, shelves for perishable items were quickly left empty. NEW YORK (CNNMoney) Arthur T. Demoulas, the ousted president of Market Basket, reached an agreement late Wednesday to buy out the stake in the 71-store...

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Malaysia Air posts $97 million loss

HONG KONG (CNNMoney) The carrier lost $97.4 million in the three months ended in June, as it reeled from its second aircraft disaster of 2014 -- the shooting down of a flight over Ukraine. The report is likely to be the airline's last as a public...

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Why I left a job in finance to play video games

NEW YORK (CNNMoney) He found the work fast paced and it paid well, but something was missing. He asked for some time off in 2012. He quit a week later to become a full-time video game player. What seemed like a crazy move at the time has turned...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the four things you need to know before the opening bell rings in New York: 1. Stocks are on fire: U.S. stock futures were stable Wednesday morning, a day after the S&P...

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IMF chief Lagarde under investigation in France

Christine Lagarde is the head of the International Monetary Fund. LONDON (CNNMoney) Under French law, a formal investigation means prosecutors believe they have serious evidence implicating a suspect in a crime. It does not necessarily lead to...

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Time Warner Cable suffers nationwide Internet outage

NEW YORK (CNNMoney) Time Warner Cable said the outage occurred at 4:30 a.m. ET "during our routine network maintenance." "An issue with our Internet backbone created disruption with our Internet and On Demand services," the company said in a statement....

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GM's compensation fund gets 100th death claim

Ken Feinberg has received 100 death claims so far. NEW YORK (CNNMoney) GM received 100 death claims and 184 injury claims as of Friday, according to a spokeswoman for Ken Feinberg, a consultant hired to administer GM's compensation fund. He began...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the four things you need to know before the opening bell rings in New York: 1. Stock markets mellow: U.S. stock futures were little changed Tuesday and European markets were...

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Burger King buying Tim Hortons

Burger King is buying Canadian doughnut maker Tim Hortons. NEW YORK (CNNMoney) The deal could be the latest example of a U.S. company buying a foreign company in order to move its legal home to that of the company it is acquiring, thus allowing...

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Is Burger King moving to Canada?

HONG KONG (CNNMoney) The new company would be headquartered in Canada, the two firms said in a joint statement. Both Tim Hortons (THI) and Burger King (BKW) would continue to operate as standalone brands. By moving north of the border, Burger King...

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Hackers attack Sony PlayStation Network

The "Lizard Squad" has targeted Sony's online gaming network. NEW YORK (CNNMoney) Over the weekend, Blizzard Entertainment, CCP Games, Riot Games and Sony (SNE) have done maintenance to bring their networks back online. CNNMoney quiz: What...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Early indications are good. U.S. stock futures were all higher Monday and European markets advanced. Here are the four things you need to know before the opening bell rings in New...

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The Coolest Kickstarter tops $9 million

NEW YORK (CNNMoney) More than 46,000 people think so. The Coolest Cooler has raised over $9.2 million on Kickstarter -- and it still has a week to go. It's described as a "portable party" and includes features like a blender, waterproof bluetooth...

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10 Western companies getting slammed in Russia

LONDON (CNNMoney) Many are reporting slower Russian sales and, in some cases, store closures as the Ukraine-Russia conflict drags on. Some have seen their share price get pummeled since the start of the year. Cold War-style tensions and escalating...

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Glenn Beck sought out CNN deal, but talks died fast

NEW YORK (CNNMoney) But the idea fizzled fast and talks aren't expected to resume, according to several people with direct knowledge of the exchange. "The talks were never serious," one of the people said. Still, Beck's interest -- first reported...

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Hypoallergenic nuts to solve nut allergies

NEW YORK (CNNMoney) Gus had suffered — but luckily survived — anaphylaxis, a potentially fatal reaction. Tests later revealed he had allergies to peanuts and tree nuts, like almonds and hazelnuts, the mere scent of which makes his eyes and throat...

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Coming soon: The Maxwell House K-Cup

NEW YORK (CNNMoney) Starting this fall, Keurig (GMCR) will partner with Kraft (KRFT) to offer Maxwell House, Yuban and Gevalia K-Cups. Kraft has been selling a "single serve" coffee product for awhile that works in Keurig machines, but this will...

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The Coolest Kickstarter tops $9 million

NEW YORK (CNNMoney) More than 46,000 people think so. The Coolest Cooler has raised over $9.2 million on Kickstarter -- and it still has a week to go. It's described as a "portable party" and includes features like a blender, waterproof bluetooth...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the four things you need to know before the opening bell rings in New York: 1. Big day for Janet Yellen: Investors will be paying close attention to Janet Yellen's 10 a.m....

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The crazy flavor experiments in Chinese fast food

Pizza Hut in Hong Kong serves a crayfish pizza that's designed to appeal to local tastes. HONG KONG (CNNMoney) Sound strange? Not if you're in China, where these Frankenstein foods are being served up by American fast food chains hoping to dominate...

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Talent wars: Silicon Valley vs. Wall Street

NEW YORK (CNNMoney) As a math whiz with a passion for economics, the rising college senior would seem to fit the mold for Wall Street. But Velasquez was actually drawn to the Citi (C) gig because he thought it would make him stand out if he applies...

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Wal-Mart slashes prices on 5S and 5C ahead of iPhone 6 launch

You can now get an iPhone 5C from Wal-Mart for just 97 cents with a two-year contract. NEW YORK (CNNMoney) Wal-Mart (WMT) cut prices for the iPhone 5S and 5C on Wednesday, offering further evidence that next-generation iPhones will indeed be...

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World getting 'super-aged' at scary speed

LONDON (CNNMoney) By 2020, 13 countries will be "super-aged" -- with more than 20% of the population over 65 -- according to a report by Moody's Investor Service. That number will rise to 34 nations by 2030. Only three qualify now: Germany,...

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Ex-FBI agent airs Wall Street's dirty laundry

NEW YORK (CNNMoney) The former FBI agent runs a firm that sophisticated investors hire to conduct background investigations on companies they want to invest in. Sometimes Springer's research reveals the secrets of company founders -- like allegations...

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Flat Russian beer market hits Carlsberg

Carlsberg is Russia's biggest brewer with about 37% of the market. LONDON (CNNMoney) The Danish company warned Wednesday that profits would fall this year as the crisis over Ukraine hits consumer sentiment and growth in eastern Europe. "Unfortunately,...

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Twitter removes images of James Foley's death

James Foley disappeared in northwest Syria in late 2012 while working for GlobalPost. LONDON (CNNMoney) "We have been and are actively suspending accounts as we discover them related to this graphic imagery," Twitter (TWTR, Tech30) CEO Dick Costolo...

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Branson, business leaders seek Ukraine solution

Richard Branson wants to help end the conflict in Ukraine. LONDON (CNNMoney) In an open letter posted on the Virgin website, Branson and heavyweights behind companies including Unilever (UL), eBay (EBAY, Tech30), WhatsApp and PayPal said they...

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Stock market bubble warnings grow louder

NEW YORK (CNNMoney) They aren't warning of an imminent crash, but their comments should remind investors that the current bull market -- over five years long -- can't last forever. 1. Nobel Prize-winning economist Robert Shiller: Valuations at...

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Heinz recalls lead-laced baby food in China

NEW YORK (CNNMoney) The company said the small regional recall affects a high-protein cereal, according to spokesman Michael Mullen. He said that a lot of the affected cereal has already been withdrawn. The Pittsburgh-based food company initiated...

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Hospitals in battle to pay people's Obamacare premiums

NEW YORK (CNNMoney) Some hospitals in New York, Florida and Wisconsin are exploring ways to provide such aid, which would at least partly guarantee the hospitals get paid when the consumers seek care. But the hospitals' efforts have set up a conflict...

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