Indonesia needs defense against Fed taper

Indonesia faces slowing growth, rising inflation and a sliding currency. HONG KONG (CNNMoney) "It's inevitable that the Fed will one day end quantitative easing," Muhamuad Chatib Basri told reporters in Hong Kong. "We need to focus on stabilization."...

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Extra pension payments cost Detroit billions

Investigations of Detroit's two pension funds likely to show that decades of overpayments to retirees and active employees drained about $2 billion from city coffers. NEW YORK (CNNMoney) The revelations will be laid out in a much-anticipated investigation...

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Obamacare cheat sheet

NEW YORK (CNNMoney) Many insurance regulations and taxes are already in effect, but the big push begins Oct. 1. The goal of the Affordable Care Act is to provide affordable coverage for tens of millions of uninsured Americans, provide more comprehensive...

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Mortgage rates dip as Fed holds stimulus steady

NEW YORK (CNNMoney) The rate for a 30-year, fixed loan fell to 4.32% from 4.5%, according to a weekly survey from Freddie Mac. While that represents only a small savings for borrowers - $21 a month on a $200,000 balance - it's still good news for...

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Facebook stock tops $50 for first time

NEW YORK (CNNMoney) Facebook's stock is now up 88% in 2013. It's a stunning reversal for a stock that was a big disappointment shortly after its May 2012 IPO. After being priced at $38, Facebook (FB) shares dropped more than 35% within a few months,...

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Post-It Notes go digital with Evernote

Evernote's latest app update includes a special "Post-It Note Camera." NEW YORK (CNNMoney) Evernote is an organization app that lets its 75 million users save items like notes and audio files, and access them across mobile devices and desktops....

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Stocks up after five days of losses

Click the chart for more stock market data. NEW YORK (CNNMoney) The Dow Jones industrial average, S&P 500 and Nasdaq were all modestly higher. The Dow and S&P 500 are about 2% from the record highs hit earlier last week. Market sentiment...

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J.C. Penney stock climbs, after 15% plunge

Click on chart to track JCP NEW YORK (CNNMoney) J.C. Penney (JCP, Fortune 500) put out a press release shortly before the stock market opened for trading. The message was scant on details and did not address reports about raising cash. The release...

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Companies shed more light on their political donations

More companies are becoming more transparent about their political contributions, a new study has found. NEW YORK (CNNMoney) But a new study shows that more publicly-traded firms are being more upfront than ever about who they're backing and how...

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Nokia's ex-CEO set for $25 million windfall

Nokia's Stephen Elop is set to receive an 18.8 million euro ($25 million) payout when he leaves the company and moves to Microsoft. LONDON (CNNMoney) Elop announced earlier this month that Nokia (NOK) had inked a 5.4 billion euro ($7.2 billion)...

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Tina Brown leaving the Daily Beast

Tina Brown's new company will host live events, panel discussions and debates. LONDON (CNNMoney) Brown is well known for her previous work at Vanity Fair, The New Yorker and Tatler. She announced her departure Wednesday, five years after launching...

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U.K.'s Royal Mail goes public

Britain's postal service is up for sale in a massive IPO. LONDON (CNNMoney) Analysts forecast the iconic postal service could be valued up to £3 billion. The government hasn't determined how much of its of stake will be sold. The IPO is expected...

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5 most common financial scams

A new survey found that 8 in 10 respondents have been targets of financial scams. NEW YORK (CNNMoney) More than 8 in 10 consumers have received a "potentially fraudulent offer," according to a FINRA Investor Education Foundation survey of 2,000...

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Jobless claims fall to 7-year low, but ...

NEW YORK (CNNMoney) About 292,000 people filed initial claims for unemployment benefits in the week ending September 7, the Labor Department reported Thursday morning. That's a dramatic 31,000 drop to the lowest level since April 2006. However,...

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Lululemon lowers forecasts, shares plunge

Click on chart for more information on Lululemon shares. NEW YORK (CNNMoney) Sales and profits will still show growth, the company said, but its forecasts were short of estimates. Shares of Lululemon (LULU) were down about 6% in early trading....

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Don't quit Europe, businesses tell U.K.

The majority of British companies say EU membership has had a positive impact on business. LONDON (CNNMoney) Even as leading British politicians consider breaking ties with the EU, eight of 10 businesses say they want the country to remain, according...

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EU probes governments in corporate tax crackdown

European Union flags outside the headquarters of the European Commission in Brussels. LONDON (CNNMoney) The EU has requested information from governments in Ireland, Luxembourg and the Netherlands about their corporate tax arrangements. It wants...

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Stocks slip from near record highs

Click the chart for more stock market data. NEW YORK (CNNMoney) The Dow Jones industrial average, the S&P 500 and the Nasdaq were down slightly Thursday. Prior to the day's dip, the S&P 500 had enjoyed a seven-day rally that had lifted...

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GM unveils all-new Tahoe, Suburban and Yukon SUVs

NEW YORK (CNNMoney) These SUVs are a big deal for GM (GM, Fortune 500) because, although full-sized SUVs make up a small slice of the overall passenger vehicle market, GM sells the majority of them. Of all the full-sized non-luxury SUVs sold in the...

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Wal-Mart vows to open D.C. stores, after mayor vetoes wage bill

Wal-Mart said it will resume plans to open stores in Washington D.C. NEW YORK (CNNMoney) Mayor Vincent Gray on Thursday overturned a new law, which would have required big box stores like Wal-Mart (WMT, Fortune 500) to pay no less than $12.50 an...

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Stocks look to make it a three-day rally

Click chart for more market data. NEW YORK (CNNMoney) Although the continuing threat of a U.S.-led military strike against Syria has kept investors on edge, the Dow, S&P 500 and the Nasdaq all moved slightly higher. 10-year Treasury yields...

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Jobs: 'Steady as she goes' hiring

NEW YORK (CNNMoney) Businesses added 176,000 jobs in August, according to payroll processing firm ADP (ADP, Fortune 500). That's down slightly from 198,000 jobs added in July, but roughly in line with average job creation over the last year. "It...

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ECB sees slow recovery and many risks

ECB President Mario Draghi said Europe's recovery is still at risk and needs continued support. LONDON (CNNMoney) The ECB said it expected GDP in the 17-nation eurozone would shrink by 0.4% in 2013, compared with a previous forecast for contraction...

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Boeing to triple airplane deliveries to China

Boeing forecasts orders from China to triple over the next 20 years. LONDON (CNNMoney) In a statement Thursday, the world's largest aircraft maker said it expects orders for 5,580 new airplanes in China over the next two decades, valued at $780...

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AP tests, 'early college': High school students get a head start

High school students take Advanced Placement courses to earn college credit. NEW YORK (CNNMoney) "My parents need as much help as they can get [to cover tuition]," said Nasuuna, who will be attending the University of Massachusetts, Amherst this...

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New Facebook flap: Your face in some product's ad

Privacy groups are incensed about Facebook's new privacy policy that allows users' images to be used in product endorsements without their knowledge. NEW YORK (CNNMoney) Executives from six public interest groups on Wednesday signed a letter to...

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America's historic gusher

(Fortune) First, two major challenges: We need to be able to extract this abundance safely. And second, we must also transition to sustainable energy sources and reduce greenhouse emissions. I believe we can do both. We're already fracking every day...

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Find out what Big Data knows about you (it may be very wrong)

Acxiom's database got many things right about me, but many things were also wrong. NEW YORK (CNNMoney) The info comes from Acxiom, one of the country's largest data brokers, which on Wednesday unveiled a website called AboutTheData.com. Punch in...

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U.S. decision on Smithfield-Shuanghui deal is close

NEW YORK (CNNMoney) If approved, the nearly $5 billion deal would be the largest acquisition of a U.S. company by a Chinese buyer. Smithfield Foods (SFD, Fortune 500), the world's largest pork processor, and Shuanghui International announced the...

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Mortgage rates close to two-year high (again)

Rates on 30-year, fixed-rate mortgages are more than one percentage point higher than they were in early May. NEW YORK (CNNMoney) Rates on 30-year, fixed-rate mortgages reached an average of 4.57% this week -- up from 4.51% last week, according...

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