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India Overhauls Monetary Policy With Inflation Target

by The New York Times // March 2, 2015 // Updated 06:07 GMT // 0 Comments

MUMBAI — India’s central bank and the finance ministry have agreed, in the biggest change to monetary policy since opening up its economy more than two decades ago, to introduce inflation targetting to rein in a long history of volatile price rises. In a document dated Feb. 20 but published on the ministry website on […]

529 savings plans may soon cover more college expenses

by CNN Money // March 2, 2015 // Updated 06:01 GMT // 0 Comments

That may seem like a no-brainer given how critical computers and Internet access are to students’ lives these days. But under the current rules, 529 withdrawals may only be used to buy equipment “required for enrollment or attendance.” And computers, software and Internet access don’t always meet that criteria, unless one is pursuing an engineering […]

6 big ideas from India’s budget

by CNN Money // March 2, 2015 // Updated 05:41 GMT // 0 Comments

2) Lower taxes on business Businesses operating in India currently pay some of the highest rates in the world. The government is hoping to change that, cutting India’s corporate tax rate to 25% from 30%. The reduction, to take place over four years, should make India more competitive against international rivals. 3) Higher taxes on […]

#TheDress: 73 million page views

by CNN Money // March 2, 2015 // Updated 05:31 GMT // 0 Comments

Tumblr also pointed out that BuzzFeed, which spotted the Tumblr post, has written 31 articles regarding #TheDress just in the past five days. It was a winner for BuzzFeed as well. It’s original post “What Colors Are This Dress?” garnered nearly 38 million views.

Premarkets: 5 things to know before the open

by CNN Money // March 2, 2015 // Updated 05:12 GMT // 0 Comments

Experts say the central bank has become concerned about the threat of deflation. Many central banks around the world have been cutting rates in order to boost dangerously low inflation and support their domestic economies. Meanwhile, the Indian government released its latest budget to great fanfare over the weekend. The budget includes big reforms that […]

Malaysia hopes revamp will revive airline

by CNN Money // March 2, 2015 // Updated 04:51 GMT // 0 Comments

“We are seeing signs today that they are at least looking at necessary steps to survive in the modern competitive world.” Related: Why planes don’t live stream data But saying is one thing; doing is another. According to Maybank aviation analyst Mohshin Aziz, there are few signs yet that Kazanah is following through on the […]

China’s Long Food Chain Plugs In

by The New York Times // March 2, 2015 // Updated 04:27 GMT // 0 Comments

HONG KONG — The smartphone tells the story of a kiwi fruit in China. With a quick scan of a code, shoppers can look up the fruit’s complete thousand-mile journey from a vine in a lush valley along the upper Yangtze River to a bin in a Beijing supermarket. The smartphone feature, which also details […]

A bank is offering scented credit cards to Middle Eastern women

by CNN Money // March 2, 2015 // Updated 04:13 GMT // 0 Comments

The bank also came out with a “selfie” credit card, which allows users to upload photos of themselves from their phones and have them printed on their cards. According to Mary Dean, founder of KickSkirt, an advertising agency specializing in marketing to women, these cards are enticing because they allow women to express individuality. – […]

$2 gas is gone — prices have climbed for 5 weeks in a row

by CNN Money // March 2, 2015 // Updated 04:13 GMT // 0 Comments

But crude prices are still very low. Weakening economies in Europe and Asia, as well as more fuel efficient vehicles, have all cut worldwide demand for crude. An increase in U.S. oil production, which made the nation the world’s largest source of oil last summer, has also pushed prices down, as has OPEC’s refusal to […]

$2 gas is gone — prices have climbed for 5 weeks in a row

by CNN Money // March 2, 2015 // Updated 04:13 GMT // 0 Comments

But crude prices are still very low. Weakening economies in Europe and Asia, as well as more fuel efficient vehicles, have all cut worldwide demand for crude. An increase in U.S. oil production, which made the nation the world’s largest source of oil last summer, has also pushed prices down, as has OPEC’s refusal to […]

Deflation risk is now a worry even for China

by CNN Money // March 2, 2015 // Updated 04:01 GMT // 0 Comments

But economists are worried about something more sinister: The prospect that a harmful deflationary cycle could develop at a time when central banks are running out of ways to respond. If households and businesses expect prices to stay depressed for a long period, they may postpone spending and investment, triggering a downward spiral in economic […]

‘Judge Judy’ extends contract with CBS until 2020

by CNN Money // March 2, 2015 // Updated 03:13 GMT // 0 Comments

First debuting in 1996, “Judge Judy” has been the #1 court show for 969 consecutive weeks. – Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: […]

9 companies Warren Buffett should consider buying

by CNN Money // March 2, 2015 // Updated 03:11 GMT // 0 Comments

I limited it to companies in the S&P 500 with market values between $5 billion and $20 billion. They had to be trading at reasonable valuations, have strong balance sheets and a great track record when it comes to profits. Finally, I immediately excluded the tech sector. After all, this was criterion number 5 from […]

11 stocks hedge funds and mutual funds love now

by CNN Money // March 2, 2015 // Updated 02:43 GMT // 0 Comments

Interestingly, hedge funds are still not giving up on energy and health care, while mutual funds have given up those sectors. Related: The ‘smart money’ is investing in oil now 3. The VIP list of stocks: Goldman also noticed that both hedge funds and mutual funds had 11 similar stocks among their top holdings. That […]

News Corp. Set to Rehire Rebekah Brooks, Acquitted Executive

by The New York Times // March 2, 2015 // Updated 01:48 GMT // 0 Comments

Rebekah Brooks, the former head of Rupert Murdoch’s media holdings in Britain, acquitted last year on charges related to the phone hacking scandal, is likely to return to News Corporation to focus on new avenues for digital and social media, people familiar with the company’s plans said. Rebekah Brooks arriving at the Old Bailey, London’s main […]

Voodoo economics on ‘House of Cards’: Why Underwood’s jobs plan is crazy

by CNN Money // March 2, 2015 // Updated 01:20 GMT // 0 Comments

President Underwood, played with scheming charm by Kevin Spacey, uses Washington, D.C., as a guinea pig for his policy. He tells District residents: “If you want a job, you get a job.” Really, everyone gets a job? Economists consider “full employment” to be when 5% of workers are unemployed. Actual unemployment in Washington is currently […]

German Energy Firm Pushes Ahead on Russian Deal, Despite British Objections

by The New York Times // March 1, 2015 // Updated 15:58 GMT // 0 Comments

LONDON — The German utility RWE signaled on Sunday that it expected to complete the sale of its oil and gas subsidiary, RWE Dea, to a Russian investment company on Monday, despite objections from the British government. L1 Energy, an investment company owned by the Russian billionaire Mikhail Fridman, agreed last year to buy RWE […]

Hyundai issues safety recall for power steering defect on 200,000 vehicles

by CNN Money // March 1, 2015 // Updated 12:55 GMT // 0 Comments

The level of force necessary to steer the vehicle without power steering was within compliance standards, and the flaw has not historically been considered a safety defect in the U.S., the company said. – Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed […]

Samsung unveils beautiful new Galaxy S6

by CNN Money // March 1, 2015 // Updated 12:45 GMT // 0 Comments

Unlike the 5S, the new phones are not water resistant. The speakers have been moved from the back plate of the phone to the bottom edge. Sound is much clearer and louder as a result. The S6 Edge can be programmed to flash different colors for different contacts. This is helpful when a phone sits […]

The O’Reilly tapes: Phone recordings raise new questions about JFK story

by CNN Money // March 1, 2015 // Updated 11:17 GMT // 0 Comments

In his 2012 book “Killing Kennedy,” O’Reilly wrote that he knocked on the door of a South Florida home when suddenly he “heard the shotgun blast that marked the suicide” of George de Mohrenschildt, a Russian immigrant who knew Lee Harvey Oswald. While promoting the book, O’Reilly said on Fox News that he “was about […]

The O’Reilly tapes: Phone recordings raise new questions about JFK story

by CNN Money // March 1, 2015 // Updated 11:17 GMT // 0 Comments

In his 2012 book “Killing Kennedy,” O’Reilly wrote that he knocked on the door of a South Florida home when suddenly he “heard the shotgun blast that marked the suicide” of George de Mohrenschildt, a Russian immigrant who knew Lee Harvey Oswald. While promoting the book, O’Reilly said on Fox News that he “was about […]

Obsolete jobs: Meet the guy who fixes Tom Hanks’ typewriter

by CNN Money // March 1, 2015 // Updated 09:52 GMT // 0 Comments

And the duo are accompanied on office calls by an old fashioned doctor’s black bag outfitted with metal drawers that contain all sorts of spare parts, screwdrivers and pliers. There’s always a lot to do. The Schweitzers find it inconceivable that they’ll ever run out of jobs in this antiquated line of work that has […]

Obsolete jobs: Meet the guy who fixes Tom Hanks’ typewriter

by CNN Money // March 1, 2015 // Updated 09:52 GMT // 0 Comments

And the duo are accompanied on office calls by an old fashioned doctor’s black bag outfitted with metal drawers that contain all sorts of spare parts, screwdrivers and pliers. There’s always a lot to do. The Schweitzers find it inconceivable that they’ll ever run out of jobs in this antiquated line of work that has […]

Room to run: 7 stocks Wall Street thinks will soar

by CNN Money // March 1, 2015 // Updated 09:45 GMT // 0 Comments

Upside potential: 47% each Last year airline stocks took off and never landed. American Airlines (AAL) surged 112% and Delta (DAL) spiked nearly 70% as investors feasted on this suddenly profitable industry. The unexpected plunge in oil prices was just icing on the cake, giving the companies billions in savings. This year has been a […]

The secret of #TheDress: Mobile viewing

by CNN Money // March 1, 2015 // Updated 06:55 GMT // 0 Comments

When Smith was on CNN’s “Reliable Sources” on Sunday, and I commented about the mobile-focused future, he said “It’s the present, not the future.” “Certainly,” he said, “the way we think about our readers is a person holding a phone.” Watch: Ben Smith on “Reliable Sources” – BuzzFeed’s most-viewed story ever is a quiz called […]

‘Question everything,’ says the creator of Netflix’s ‘House of Cards’

by CNN Money // March 1, 2015 // Updated 06:18 GMT // 0 Comments

The arrival of new distribution options like Netflix are causing people in the industry to “question everything,” Willimon said. “The entire calendar for how shows are released” can be rethought, he said. So can “the length of shows. I mean, you have a lot more limited series now, which I think is a direct result […]

BlackBerry commits to software on any device

by CNN Money // March 1, 2015 // Updated 06:11 GMT // 0 Comments

“Our goal is to be wherever our users need and want us, with our software suites, whether that’s on an iPhone or a BlackBerry Classic,” Chen said in the statement. – Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. […]

Apple, Yahoo bus drivers vote to unionize

by CNN Money // March 1, 2015 // Updated 05:01 GMT // 0 Comments

It wasn’t immediately clear when the drivers would seek contract negotiations with Compass, which didn’t immediately respond to a request for comment on Sunday. – Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: […]

‘Corinthian 15’ launch ‘debt strike’ over student loans

by CNN Money // March 1, 2015 // Updated 02:49 GMT // 0 Comments

Related: The debt collector that does the government’s dirty work A creditor advocacy group called Debt Collective has taken up the Corinthian 15 cause. Debt Collective, which is an offshoot of Occupy Wall Street, has “erased” more than $13.3 million in student loan debt. (It buys the debt as a collection agency would, then “forgives” […]

10 Best States For Business

by The Huffington Post // February 28, 2015 // Updated 21:12 GMT // 0 Comments

This story was originally published by 24/7 Wall St. While the United States was founded on the principle of equality for all people, the 50 states are decidedly unequal in providing opportunities for business. For companies choosing to locate in the United States, deciding the state in which to base their operations can be very […]

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