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From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
The Romney kids' $100 million trust fund
Mitt Romney's five sons -- Matt, Tagg, Craig, Ben and Josh -- are sitting pretty with a trust fund worth $100 million.
Publ.Date : Mon, 06 Feb 2012 15:12:14 EST

Investing for retirement when you're just starting out
My granddaughter has asked me how to invest the money she'll contribute to her employer's retirement savings plan at her first job. I suggested she either go with a 2050 target-retirement fund or divide her money as follows: 40% in an S&P 500 index fund, 40% in a small-cap index fund and 20% in an international stock index fund. Do you think she should go with the first option, the second or do something else? -- Don G.
Publ.Date : Tue, 07 Feb 2012 12:30:24 EST

Finally, a foreclosure settlement (Maybe)
States have until late Monday to agree to the latest draft deal aimed at relieving homeowners struggling with mortgages bigger than their home's value.
Publ.Date : Fri, 03 Feb 2012 05:21:07 EST

Government assistance expands
More than one in three Americans lived in households that received Medicaid, food stamps or other means-based government assistance, according to a new report.
Publ.Date : Tue, 07 Feb 2012 12:30:52 EST

The best cities for job hunting
FORTUNE -- Dear Annie: I just got a pink slip from the bank where I've worked as a marketing director for the past 12 years, and which is now undergoing a total restructuring, so I'm pondering what my next move should be. Opportunities are limited in the smallish East Coast city where I live (the bank I'll soon be leaving is the single biggest employer in town) and, having moved here solely to take the position I'm now losing, I'm not particularly attached to this area. Our kids are away at college now, our mortgage is paid off, and my wife, who is a pediatrician, really could work anywhere. So we're open to the idea of moving -- but where would I have the best chance of finding a new job? I'm also wondering, do many employers still pay moving expenses for new management hires, or is that a thing of the past? ? Footloose
Publ.Date : Fri, 03 Feb 2012 11:56:54 EST

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Gap Going From Longtime Laggard To $25 Stock Price
Specialty retailer Gap Inc.’s stock gained roughly 11% last Thursday after the disclosure of January same-store sales results.
Publ.Date : Tue, 7 Feb 2012 21:06:29 GMT

Disney Momentum Slows On Revenue Miss
After trading near all-time highs Wednesday, Walt Disney stock dropped a bit in after-market trading on news of disappointing fiscal first-quarter revenue--even as profit soared past expectations.
Publ.Date : Tue, 7 Feb 2012 22:10:21 GMT

Salesforce.com Buys Rypple, Gets Extremely Social
Salesforce.com acquired Rypple, a cloud-based social performance management software maker, back in December 2011.
Publ.Date : Tue, 7 Feb 2012 21:25:58 GMT

MGM Could See Stock Upside From Social Games
Last year, MGM Resorts International announced plans to enter the social gaming market in the hopes of getting more customers to its casinos. According to MGM CEO Jim Murren, MGM Resorts expects to announce a new social media game that would be along the lines of Zynga’s popular online game FarmVille.
Publ.Date : Tue, 7 Feb 2012 21:43:14 GMT

Stocks Edge Higher As Investors Eye Greek Debt Deal (VIDEO)
In Tuesday’s Forbes Markets Desk video I discussed the surprisingly positive January jobs report, the long slog toward a Greek debt deal, earnings from the likes of UBS and Coca-Cola, and Glencore's big merger with Xstrata:
Publ.Date : Tue, 7 Feb 2012 21:50:21 GMT

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Greek debt talks drag on but banks signal progress (AP)

Riot Police push back protestors, one waving the Greek flag, who try to enter at the Parliament building at Athens' main Syntagma square, during a 24-hour strike on Tuesday, Feb. 7, 2012. A general strike against the impending cutbacks stopped train and ferry services nationwide, while many schools and banks were closed and state hospitals worked on skeleton staff. (AP Photo/Petros Giannakouris)AP - Greece's private creditors signaled progress late Tuesday on a debt-relief deal but crucial talks between Greek coalition leaders about forcing more austerity upon a hostile public were again postponed.



Publ.Date : Tue, 07 Feb 2012 23:26:17 GMT

Eyes on dissident states as mortgage deal nears (Reuters)
Reuters - A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.
Publ.Date : Wed, 08 Feb 2012 00:44:14 GMT

Yahoo chairman exits, review drags on (Reuters)

In this image released by Yahoo!, documentary filmmaker Morgan Spurlock is shown in 'The Failure Club,' a series about people trying to do the things they've always feared, for Yahoo! After years of drips and drabs of experimentation, the top video destinations on the Web are flush with original projects and teaming with a new wave of niche-oriented content creators. (AP Photo/Yahoo!)Reuters - Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan.



Publ.Date : Wed, 08 Feb 2012 01:23:46 GMT

Global watchdog official says banking reforms must proceed (Reuters)
Reuters - The underperforming global economy should not be allowed to delay financial system reforms, a senior official at the Financial Stability Board (FSB), a global watchdog set up by the Group of 20 nations, said on Tuesday, adding that the FSB will propose new rules on so-called shadow banking by year-end.
Publ.Date : Tue, 07 Feb 2012 15:15:48 GMT

Wall St edges up in quiet day; Disney down late (Reuters)

Traders work on the floor of the New York Stock Exchange, February 6, 2012. REUTERS/Brendan McDermidReuters - Stocks rose slightly on Tuesday, but with the outcome of discussions on a bailout package for Greece uncertain, investors are unlikely to make big bets in coming days.



Publ.Date : Tue, 07 Feb 2012 22:33:57 GMT

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Bernanke Defends Fed’s Dual Objectives
The Federal Reserve chairman told senators at a hearing that controlling inflation and unemployment are of equal priority.


Publ.Date : Wed, 08 Feb 2012 03:03:15 GMT

Square Feet: Trinity Church Leads Transformation of Manhattan’s Hudson Square
Trinity Church is the largest landlord in Hudson Square and is part of the effort to rezone the area to residential from manufacturing.


Publ.Date : Wed, 08 Feb 2012 03:03:18 GMT

Single-Serve Coffee Brewers Make Convenience Costly
Single-serve brewing machines are soaring in popularity, but the cost of the coffee is far higher than it may seem.


Publ.Date : Tue, 07 Feb 2012 23:01:58 GMT

Romney’s Returns Revive Scrutiny of Offshore Tax Shelters
Experts say Mitt Romney appears to have benefited from an investment technique that has long frustrated Congress.


Publ.Date : Wed, 08 Feb 2012 02:48:44 GMT

DealBook: Judge in Rajaratnam Insider Trading Trial to Step Down From Bench
Richard J. Holwell, who has served as a federal judge in Manhattan since 2003, is resigning to set up his own law firm, Holwell Shuster & Goldberg.


Publ.Date : Tue, 07 Feb 2012 22:34:53 GMT

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Pension costs 'may rise faster'
The mortality rate in England and Wales improved in 2011, which could have a knock-on effect on pensions, actuaries say.
Publ.Date : Tue, 07 Feb 2012 00:02:47 GMT

UK bookings boost for Tui Travel
Europe's biggest travel group Tui Travel says its UK bookings have performed better than the overall market in recent months.
Publ.Date : Tue, 07 Feb 2012 13:50:01 GMT

Redknapp tax trial jury sent home
The jury in the Harry Redknapp tax evasion trial is sent home for the day with deliberations to continue on Wednesday.
Publ.Date : Tue, 07 Feb 2012 16:24:34 GMT

'Gobsmacking' tax and NHS costs
Estimates showing £10.9bn in unpaid tax was written off and medical negligence could cost £15.7bn are examined by the Commons spending watchdog.
Publ.Date : Tue, 07 Feb 2012 11:01:02 GMT

Bank lending 'to shrink' in 2012
UK bank lending is set to shrink this year for the first time since 2009, according to the Ernst & Young Item Club.
Publ.Date : Mon, 06 Feb 2012 09:41:38 GMT

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From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
Kiss QE3 hopes goodbye. And good riddance!
The strong January jobs report may finally put a nail in the QE3 coffin.
Publ.Date : Fri, 03 Feb 2012 12:32:32 EST

The risks that killed MF Global
It's been three months since MF Global became the eighth-largest bankruptcy in U.S. history. Did anyone see this coming? Well, a few people had some idea, and a Congressional subcommittee will hear from them on Capitol Hill Thursday.
Publ.Date : Thu, 02 Feb 2012 14:41:36 EST

Auto stocks gain on jobs report. GM up 7%
Shares of General Motors and Ford surged on Friday following strong data on the U.S. job market.
Publ.Date : Fri, 03 Feb 2012 18:09:05 EST

This is NOT a tech bubble
The Nasdaq is at its highest level since the end of 2000. Highly speculative companies like Netflix and Zynga are soaring, and investors are salivating about possibly paying 100 times earnings for Facebook when it goes public.
Publ.Date : Mon, 06 Feb 2012 12:23:09 EST

Greece on the brink
Officials in Greece were under pressure Monday to agree on the terms of a new bailout package, as the threat of a default hangs over the country.
Publ.Date : Mon, 06 Feb 2012 15:05:01 EST

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