Top CEO Pay Equals 3,489 Years for Typical Worker

Leader of Simon Property last year took home $137 million

2012-05-25

Seth Borenstein AP Science Writer

WASHINGTON (AP) -- David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press. Read the complete article

Safeway Launches Digital Coupon Service in Seattle, Portland

Just for U program aims to help shoppers access deals on items they buy the most

2012-05-24

To make grocery shopping easier and provide great savings, Safeway recently launched the Just for U program in the company’s Oregon and Washington divisions. Just for U is the first online and mobile shopping tool of its kind, giving shoppers an easier way to save on groceries. Itdeliverstargeted savings directly to a customer’s Safeway Club Card. Shoppers can save when and where it’s most convenient for them by signing up for free online at Safeway.com or accessing Just for U through the new Safeway Mobile App for iPhone or Android. Read the complete article

2012 Buick Verano: Responsive Maneuverability Plus Smartphone Connectivity

Vehicle of the Week

2012-05-21

On the road, this luxury sedan is engineered to grip the road with full-function traction control and responsive maneuverability. Read the complete article

Farmers Markets Getting Money to Take Food Stamps

$4 million infusion will help more locations set up wireless equipment that can be used with program’s debit cards

2012-05-12

Allen G. Breed AP National Writer

RALEIGH, N.C. (AP) -- The federal government is spending $4 million to help hook up farmers and low-income customers. Read the complete article

JPMorgan Loss Rattles Stocks

Dow, S&P and Nasdaq all start down; giant bank reported $2 billion loss after market closed Thursday

2012-05-11

CNNMoney staff

NEW YORK (CNNMoney) -- U.S. stocks opened lower Friday, led by a sell-off in financial shares after banking giant JPMorgan said it would suffer a $2 billion trading loss. Read the complete article

Many Americans Are Too Broke to Go Bankrupt

Filing the most common form of consumer bankruptcy costs a steep $1500

2012-05-07

Blake Ellis, CNN

NEW YORK (CNNMoney) -- This year, hundreds of thousands of Americans are expected to be too broke to file for bankruptcy. Read the complete article

Austerity Is a Dirty Word in Europe but What Next?

Big shakeups in France, Greece, Germany leave questions about fate of the euro

2012-05-07

Sarah DiLorenzo The Associated Press

PARIS (AP) -- The day after Francois Hollande rode to power in France on a slogan of "change now" the conversation in Europe is already different: Austerity has become a dirty word. Read the complete article

Detroit Unions Weigh Strike Option as Layoffs Loom

City’s mayor wants to cut more than 2500 jobs to save $250 million annually

2012-05-02

Corey Williams The Associated Press

DETROIT (AP) -- Unions angry that Detroit is trying to mend its financially-battered books by laying off hundreds of workers and imposing steep contract concessions on those who remain are considering an illegal strike. Read the complete article

Rupert Murdoch Not Fit to Run Business, UK Lawmakers Rule

British regulators could now force media mogul to sell stake in British Sky Broadcasting

2012-05-01

Richard Allen Greene and Dan Rivers, CNN

LONDON (CNN) -- Global media tycoon Rupert Murdoch is "not a fit person" to run a major international company, British lawmakers investigating phone hacking at his tabloid News of the World reported Tuesday. Read the complete article

Report: Apple Legally Sidesteps Billions in Taxes

NYT outlines methods tech giant uses to move profits to more lenient states, countries

2012-04-30

NEW YORK (AP) -- A published report says Apple Inc. uses subsidiaries in Ireland, the Netherlands and other low-tax nations as part of a strategy that enables the technology giant to cut its global tax bill by billions of dollars every year. Read the complete article