An ex-cop comes to the rescue

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity...

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The luxury hunter

Jaume Tàpies at El Castell de Ciutat, his hotel (and home) in Andorra (Fortune) My survival skills Cultivate hobbies. I used to be a competitive skier. Right now I'm a pilot. And I play the guitar. What you do that isn't work opens you up, lets...

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Banana Republic: Turning khaki into gold

Patricia and Mel Ziegler at home in Mill Valley, Calif. (Fortune) Mel Ziegler: I grew up in Scranton, where my father had a small wholesale business selling tobacco, cigarettes, and candy. We had no money. My mother was good at making it happen...

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Rebooting the dashboard

(Fortune) 1. Video calling. Cameras mounted in the dashboard allow for placing and receiving videoconference calls, much like Apple FaceTime. In Bentley's implementation, video calls work only when the car is parked. Shifting into gear transfers the...

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India to tax rich, luxury cars

Mumbai's sports car enthusiasts will pay more as India raises duties. NEW DELHI (CNNMoney) Finance Minister P. Chidambaram said he had no choice but to impose a 10% tax surcharge for one year on taxable income of more than 10 million rupees, or...

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Beam stock: A buy or a sell?

Bill Chappell (left) and Ian Shackleton (Fortune) The bull: Bill Chappell, Suntrust Robinson Humphrey "Beam has two factors in its favor. Before spinning Beam off in 2011, Fortune Brands (FBHS)invested to make sure it could work as a standalone...

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Emerson Electric's David Farr bets on a manufacturing renaissance

Emerson Electric's David Farr succeeded a legendary CEO but is making his own mark. (Fortune) Farr, 58, is only the third CEO Emerson (EMR, Fortune 500) has had in the past 59 years, having succeeded the legendary Chuck Knight in 2000. Intense...

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Don't look now, but M&A is back

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity...

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SolarCity is making solar power pay

(Fortune) A: Most of the taint is around solar manufacturing. Our business model is totally different. We're an energy company. We install solar systems for free, and we sell the electricity at a lower rate than you can buy it from the utility. So...

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Why Washington can't cut wasteful spending

Trying to secure funding for the infamous "bridge to nowhere" in Alaska was a prime symbol of government waste. WASHINGTON (CNNMoney) Almost every year in the last decade, both Presidents Obama and George W. Bush have identified redundant, bloated...

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Turkish Airlines goes global

A fleet of Turkish Airlines jets, photographed in Istanbul (Fortune) Bold, brave moves are fast becoming the hallmark of Turkish Airlines, one of the world's fastest-growing carriers. At a time when many airlines are struggling to stay aloft, Turkish...

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Nike suspends contract with Pistorius

The Olympic athlete has been charged with murdering his girlfriend. NEW YORK (CNNMoney) "Nike has suspended its contract with Oscar Pistorius. We believe Oscar Pistorius should be afforded due process and we will continue to monitor the situation...

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Jobless claims rise

Job seekers at a recent New York City jobs fair. NEW YORK (CNNMoney) The Labor Department report showed 362,000 Americans filed for jobless benefits in the latest week, up from 342,00 the previous week, when claims may have been limited by snow...

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Inflation remains subdued in January

Inflation was tame in January, but prices are likely to rise in coming months, largely driven by higher gas prices. NEW YORK (CNNMoney) The Consumer Price Index, the government's key measure of inflation, showed prices were unchanged for the second...

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Wal-Mart warns of soft start to year

Wal-Mart had a strong holiday season, but payroll taxes and higher gas prices have weighed on the company in the new year. NEW YORK (CNNMoney) "In the last couple of weeks of the quarter, we began to see an impact from the increase in payroll taxes...

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Biggest problems with the budget cuts

The March 1 budget cuts will affect Americans in myriad ways, like at airport check-in lines. NEW YORK (CNNMoney) The cuts are bad policy. They're indiscriminate: They give spending cuts a bad name. The law governing them requires that they...

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How to fence $50 million in stolen diamonds

NEW YORK (CNNMoney) That was one of the questions raised by this week's daring diamond heist at Brussels Airport in Belgium. Experts say the answer starts with the diamonds themselves. Are they uncut or polished? Uncut diamonds are tougher to...

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Housing rebound continues with strong sales and price gains

NEW YORK (CNNMoney) The National Association of Realtors reported that previously-owned homes sold at an annual pace of 4.92 million homes, 9% higher than this time last year. Home prices were up 12.3%, taking the median to $173,600. That marked...

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Stocks in red after downbeat economic data

Cick the chart for more stock market data. NEW YORK (CNNMoney) The Dow Jones industrial average declined 0.3%, while the S&P 500 and Nasdaq fell 0.4%. Wednesday and Thursday's combined losses mark the biggest two-day drop in U.S. stocks...

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Foxconn slows new hiring in China factories

More workers than expected returned to Foxconn factories after Chinese new year. LONDON (CNNMoney) Companies in China that rely heavily on migrant workers often plan on a number choosing to remain in their home villages after the annual mass migration....

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SAC Capital's day of reckoning

SAC Capital is run by billionaire founder Steven A. Cohen. NEW YORK (CNNMoney) Last month, SAC said it expected $1 billion to be pulled out of the $14 billion fund, according to an investor who took part in a call with the fund. The fund had roughly...

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Housing: Play the rebound

With the clouds lifting over home sales, real estate stocks are up sharply. (Money Magazine) Anticipating the real estate recovery that surfaced in the fall -- home prices in October were up 6.3% from a year earlier, and new-home construction reached...

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Europe's recession deepens as exports suffer

Hungary's economy shrank 0.9% in the fourth quarter as the eurozone recession deepened. LONDON (CNNMoney) Gross domestic product in the 17-nation euro area fell by 0.6% in the fourth quarter, leaving the eurozone economy 0.5% smaller than it was...

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GM earnings hit by European losses

NEW YORK (CNNMoney) The leading U.S. automaker, which only three years ago needed a federal bailout and bankruptcy reorganization to survive, continued its turnaround by earning $892 billion in the final three months of the year, up 88% from a year...

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Buffett's Berkshire Hathaway buying Heinz

NEW YORK (CNNMoney) Heinz (HNZ, Fortune 500) shareholders will receive $72.50 a share in cash, a 20% premium over Wednesday's closing price, which was already near Heinz's record high. It will keep Heinz's headquarters in Pittsburgh. Shares of...

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Stocks: Investors play the waiting game

Click chart for more premarket data. NEW YORK (CNNMoney) The number of Americans filing for first-time unemployment insurance fell by 27,000 to 341,000 in the latest week, the Labor Department reported. In earnings news, General Motors (GM,...

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Falling jobless claims could be blizzard related

NEW YORK (CNNMoney) Initial jobless claims fell to 341,000, from an upwardly revised 368,000 the previous week, the Labor Department said Thursday. It was a welcome surprise, given economists were expecting about 365,000 initial claims. Jobless...

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Europe slowdown weighs on stocks

Click the chart for more stock market data. NEW YORK (CNNMoney) The Dow Jones industrial average and S&P 500 were little changed, while the Nasdaq slipped 0.1%. On the positive side, the Labor Department reported that the number of Americans...

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US Air-American: What about my frequent-flier miles?

NEW YORK (CNNMoney) While US Airways (LCC, Fortune 500) and American managements were hyping what they say will be benefits of the deal, these kinds of combinations have typically caused problems for passengers. And some of the hubs and alliances...

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