Media
Current's Sale to Al Jazeera Is Expected to Net Al Gore $100 Million
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Al Gore already has won a Nobel Peace Prize, an Oscar and a presidential popular vote. Now, he's won the mergers-and-acquisitions lottery, too. When Al Jazeera cuts its check to buy failed progressive media outlet Current TV, Gore's 20 percent stake looks like it'll be worth $100 million.
Continue reading »Labor
Initial Jobless Claims Rise, But Distorted By Holidays
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More Americans sought unemployment benefits last week, though the winter holidays likely distorted the data for the second straight week. The Labor Department says weekly applications rose by 10,000 to a seasonally adjusted 372,000 in the week ended Dec. 29.
Continue reading »Economy
Fiscal Cliff Deal Leaves Much of the Budget Crisis Still Hanging
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The fiscal cliff compromise on taxes leaves critical issues of borrowing, spending and budget cutting unaddressed, and lawmakers have given themselves only two months to settle their differences. Here's a look at what's been resolved and what they left hanging.
Continue reading »Investing
13 Stocks to Start Investing With in 2013
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If you're keeping your savings in low-return but "safe" investments, this is the year you need to get your money off the sidelines and into some solid stocks. No stock is risk-free, but these 13 picks are the best we can find for novice investors looking to get their feet wet in the market.
Continue reading »Retirement
7 Alternatives to Investing in the Stock Market
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The stock market is a great investment if you have a long time horizon. But should you stick with stocks once you retire? Most financial advisers recommend cutting back on equities as you get older -- but that money has to go somewhere productive. Here are seven investment alternatives.
Continue reading »Investing
13 Common Money Mistakes to Avoid in 2013
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The new year is upon us, and it's a great time to resolve to be better at managing your money in 2013 and beyond. To help you drill down on the biggest opportunities, here are 13 of the most common mistakes people make with their money.
Continue reading »Retirement
7 Tips for People Who Will Retire in 2013
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The oldest baby boomers will turn 67 in 2013. Many of this first wave have already retired, while others may be contemplating taking the plunge this year. Here are some tips for those planning to retire in 2013:
Continue reading »Investing
5 Stocks That Will Grow Big in 2013
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There are plenty of investors worried about the year ahead. But even as many companies are likely to scale back, others are still expected to grow nicely in 2013. Here are five companies where analysts see revenue and earnings growing by at least 20 percent next year.
Continue reading »Company News
Avis Buying Zipcar in Deal Worth Nearly $500 Million
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Avis is buying Zipcar for $491.2 million, expanding its offerings from traditional car rentals to car sharing services. Zipcar, which was founded in 2000, has more than 760,000 members. It went public in 2011.
Continue reading »Energy
Oil Prices Rise as Fiscal Cliff Recession Fears Recede
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The price of oil jumped by more than a dollar on Wednesday, to above $93 a barrel, after U.S. lawmakers passed legislation to avoid a fiscal cliff that could have pushed the world's biggest economy into recession, and reduced global demand for energy.
Continue reading »Economy
Done Deal: Fiscal Cliff Bill Passes the House
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A weary House of Representatives passed legislation late Tuesday night that will prevent the long-feared fiscal cliff of broad tax increases and spending cuts. The bill's passage on a bipartisan 257-167 vote sealed a hard-won political triumph for President Barack Obama.
Continue reading »Family Money
Life's Necessities Could Cost You $3,794 More in 2013
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Surveying the raft of end-of-year surveys floating around right now, it quickly becomes apparent that not only are our taxes set to rise in 2013, but the cost of a whole lot of other stuff is going up, too. The question is: How much more expensive will life get in the new year? Here are the grim statistics.
Continue reading »Insurance
Buying Car Insurance: You Better Shop Around
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With more and more car insurance providers offering online quotes and sign-ups, switching insurers is now easier than making a three-point turn. Here's a simple run-down of when, why and how to hunt down to best deal on a policy you hope you'll never need to use.
Continue reading »Company News
Endangered Executives 2013: Whose Jobs Will Survive the Year?
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CEOs of struggling companies managed to avoid the axe and will head into 2013 with their jobs intact... for now. We decided to take stock of a few of these endangered executives to assess which ones will get through 2013 in one piece.
Continue reading »Technology
5 Websites That Can Save You Real Money in 2013
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From providing online discount codes to helping you save money when you're buying a new car, these websites will help you get more bang for your buck in 2013.
Continue reading »Personal Finance
Before Making Resolutions, Try This 5-Step Financial Audit
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Most people will make a New Year's resolution to take control of their finances in 2013. But while it's a great goal, it's nearly impossible to achieve without first taking a hard look at where your money went the year before. This five-step personal financial audit is a good place to start.
Continue reading »Economy
8 Things That Will Cost More in 2013
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Happy New Year! Your life just got more expensive. While congress frets over the looming fiscal cliff and taxpayers brace themselves for higher tax rates, consumers should prepare for certain goods to become pricier in 2013.
Continue reading »People
The 6 Biggest Busted Bets of 2012
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As pundits and politicians rush to sew the year up into a neat little bundle, we decided to look at 2012 from a slightly different angle. Here is our list of the year's worst bets -- six developments that seemed like sure things in January, but were bust by December.
Continue reading »Taxes
9 Year-End Tax Tips for Non-Millionaires
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If you're a millionaire, lowering your taxes can be complicated. But for the rest of us who are not near the top tax brackets, minimizing payments to Uncle Sam can be simpler. Here are some tips to help you lower your tax bill.
Continue reading »Banking
Fewer U.S. Banks Failing as Industry Strengthens
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U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.
Continue reading »Company News
The Worst Product Flops of 2012
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Sometimes, no matter how many months a company invests in development or how many millions it spends on marketing, a new product can fall flat on its face. That's what happened to these new offerings, the biggest product flops of 2012.
Continue reading »Autos
Consumer Reports Names the Worst-Value Cars on the Road
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AOL Autos took a close look at Consumer Reports' latest roundup of the worst car value for the money. If you're in the market for a new ride in 2013, here's what you ought to avoid.
Continue reading »Real Estate
U.S. Pending Home Sales Rise to Highest in 2.5 Years
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A measure of Americans who signed contracts to buy homes increased last month to its highest level in two and a half years, the latest sign of improvement in the once-battered housing market. The National Association of Realtors said Friday that its seasonally adjusted pending home sales index rose 1.7 percent in November from October to 106.4.
Continue reading »Retail
In Defense of Online Shopping (Delia Ephron, Listen Up)
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Screenwriter Delia Ephron did not have a merry online Christmas shopping experience at J. Crew. But rather than complain about the company's customer service, she turned an op-ed column in the New York Times into a wide-ranging indictment of online shopping itself. Here's why she's wrong.
Continue reading »Company News
Facebook Gifts Tries to Turn Generosity Viral
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Facebook has finally rolled out its Gifts feature, which allows people to give real-life gifts to their friends. The social commerce platform has huge revenue potential for Facebook. And for all those cynical folks who make fun of typical Facebook birthday greetings, the message is clear: Put up or shut up.
Continue reading »Company News
SeaWorld Files to Go Public with $100 Million IPO
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SeaWorld's owner, Blackstone Group LP, will likely sell some of its stake in the deal. But the private equity firm will still own a majority of the voting power of the company's shares after the IPO, the company said in a filing with the Securities and Exchange Commission.
Continue reading »Taxes
Health Care Tax Hikes May be Just the Beginning
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New taxes are coming Jan. 1 to help finance President Barack Obama's health care overhaul. Most people may not notice. But they will pay attention if Congress decides to start taxing employer-sponsored health insurance, one option in play if lawmakers can ever agree on a budget deal to reduce federal deficits.
Continue reading »Economy
U.S. Treasury to Take Steps to Avoid Borrowing Limit
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Treasury Secretary Timothy Geithner said in a letter Wednesday to congressional leaders that the department will use accounting measures to save approximately $200 billion, which could keep the government from reaching the limit for about two months.
Continue reading »Investing
Why Is Warren Buffett Buying Back Berkshire Hathaway Stock?
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Earlier this month, famed billionaire and Berkshire Hathaway chairman Warren Buffett dropped a bombshell. Breaking with past practice, and changing the financial rules he himself laid down, Berkshire is buying back its own stock -- and he plans to keep buying it back. What lessons does that hold for investors?
Continue reading »Company News
Cruise Industry Hits a Patch of Rough Water
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Market leader Carnival issued disappointing guidance during last week's quarterly report. Rival Royal Caribbean is running into obstacles in financing its next mega-ship. Norwegian Cruise Line wasn't in the news, but NCL hasn't been able to complete its IPO since calling it off last year.
Continue reading »Company News
Does Sandy Hook Shooting Spell Game Over for Violent Video Game Stocks?
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Last week was rough for owners of video game stocks. A bill was introduced in Congress that directs federal agencies to study the influence of violent video games on children. Gamemakers obviously weren't too happy about that: Intense combat games have proven to be the battered industry's biggest hits lately.
Continue reading »Real Estate
U.S. Home Prices Rise in October From a Year Ago
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US home prices rose in most major cities in October compared with a year ago, pushed up by rising sales and a decline in the supply of available homes. Higher prices show the housing market is improving even as it moves into the more dormant fall and winter sales period.
Continue reading »Personal Finance
Man Wins New Hampshire Lottery With Ticket Sold in Error
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A New Hampshire man is the winner of a $2.1 million Megabucks lottery jackpot even though the lucky ticket wasn't the one he intended to buy.
Continue reading »Shopping
Post-Christmas Deals Abound After Disappointing Retail Season
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The day after Christmas is probably not a great day to be hitting the mall. But there are some good sales to be found today and over the next couple of days, and in many cases they're online sales that don't require you to brave the mall. Here are a few to check out.
Continue reading »Economy
Holiday Retail Sales Growth Weakest Since 2008
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U.S. holiday retail sales this year grew at the weakest pace since 2008, when the nation was in a deep recession. In 2012, the shopping season was disrupted by bad weather and consumers' rising uncertainty about the economy.
Continue reading »Sears Holdings
Unwanted Gifts? Your Guide to Post-Christmas Returns
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If Santa brought you a bunch of stuff you don't want this Christmas, you're probably itching to get to the store with the gift receipt and return it. To keep hassle to a minimum, follow these expert tips.
Continue reading »Alcoa
Building a Better Bill: To Curb Counterfeiting, Paper Goes High-Tech
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With several high-profile counterfeiting cases in the U.S. this year -- and with crooks having access to increasingly sophisticated printing and copying technology -- governments are pushing hard to make paper currency ...
Continue reading »Retail
Dampened Christmas Spirit Takes a Toll on Holiday Spending
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Christmas shoppers thronged malls and pounced on discounts but apparently spent less this year, their spirits dampened by concerns about the economy and the aftermath of shootings and storms.
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With phone and data plans, smartphones can cost you a bundle each month. Here are tips on how to reduce your bills and get the best deals on new devices.
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