Category: Top Stories

Exclusive: Bernie Madoff can’t sleep
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Exclusive: Bernie Madoff can’t sleep

Ponzi convict Bernard Madoff says he can’t sleep at night, haunted by his son’s suicide. Bernard Madoff once had billions of dollars, but now he makes $40 a month doing menial prison labor. “I used to work as a clerk in the commissary, and now they have me taking care of the telephone and the [...]

Published by on May 18, 2013 5:00 AM
Is this the next Libor scandal?
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Is this the next Libor scandal?

Regulators have warned that benchmarks for the oil market could be manipulated in a similar way to interbank rates. Some of the world’s biggest oil companies may have a new mess on their hands. The European Commission raided the offices of Shell, BP and Norway’s Statoil this week as part of an investigation into suspected [...]

Published by on May 17, 2013 10:58 PM
Stocks: Another strong week
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Stocks: Another strong week

Click for more market data. The stock market continued its march higher for a fourth week as investors focused on signs of improvement in the U.S. economy. The Dow Jones industrial average, SP 500 and Nasdaq all ended higher Friday, with the Dow and SP 500 finishing at record levels. For the week, the SP [...]

Published by on May 17, 2013 4:58 PM
I missed Facebook’s IPO. Yea!
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I missed Facebook’s IPO. Yea!

Barry Graubart originally planned to buy Facebook on the day of its IPO. He got shut out … and now considers himself lucky. When Facebook made its stock market debut last May, Barry Graubart was set to buy $10,000 worth of shares in the initial public offering. But due to Nasdaq’s trading glitches, his buy [...]

Published by on May 17, 2013 10:57 AM
Gen X to be worse off than Boomers
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Gen X to be worse off than Boomers

While Boomers on the cusp of retirement lost significant wealth in the Great Recession, it was younger Americans who were hit the hardest. Boomers lost a significant chunk of their retirement nest eggs in the recession, but it was members of Generation X who were really hit the hardest, according to a report released Thursday. [...]

Published by on May 17, 2013 4:57 AM
Google Hangouts: Chat gets a makeover
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Google Hangouts: Chat gets a makeover

Google has unveiled its new Hangouts product. Google spent the second half of the 2000s turning Google Talk into the de facto replacement for AOL Instant Messenger. Then, over the past few years, Google stopped paying attention to it altogether. During this span, when, where and how we chat has changed considerably. Google has responded [...]

Published by on May 17, 2013 4:57 AM
Retiring at 55? You’ll need $372,000 for health care
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Retiring at 55? You’ll need $372,000 for health care

Thinking of retiring early? Hope you have a lot socked away for medical expenses. That’s because health care costs can add up quickly when you aren’t yet eligible for Medicare, which kicks in at age 65. Someone who retires today at age 55 will spend an average of $119,600 over the next 10 years on [...]

Published by on May 16, 2013 10:57 PM
Bernie Madoff can’t sleep
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Bernie Madoff can’t sleep

Ponzi convict Bernard Madoff says he can’t sleep at night, haunted by his son’s suicide. Bernard Madoff once had billions of dollars, but now he makes $40 a month doing menial prison labor. “I used to work as a clerk in the commissary, and now they have me taking care of the telephone and the [...]

Published by on May 16, 2013 4:57 PM
Ford, Hyundai SUVs do poorly in crash test
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Ford, Hyundai SUVs do poorly in crash test

Several popular compact SUVs did poorly in a tough new crash test conducted by the Insurance Institute for Highway Safety. However, two, the new Subaru Forester and the Mitsubishi Outlander Sport, did well. The Hyundai (HYMTF) Tucson, Ford Escape, Kia Sportage, General Motors (GM, Fortune 500)‘ Buick Encore and the Chrysler Group’s Jeep Patriot earned [...]

Published by on May 16, 2013 10:56 AM
Japan’s economy roars to life
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Japan’s economy roars to life

Japan’s economy kicked into high gear during the first quarter as policymakers worked to combat decades of falling prices and spur growth. Japan’s economy grew at an annual rate of 3.5% in the first three months of 2013, Japan’s Cabinet Office said Thursday. The expansion was much quicker than the 2.7% increase expected by analysts. [...]

Published by on May 16, 2013 4:56 AM
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