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ABC News: Money
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feed text Man Pays $114K Student Loans in Cash
Thu, 24 May 2012 12:56:44 -0400
When Alex Kenjeev realized he was finally in a position to pay off more than $114,000 in student loans, he wanted to make it memorable. He did so by paying his debt all at once—in cash.



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The figurative glass – or mermaid cup -- was definitely half empty for Starbucks customers Wednesday, when mysterious closures plagued caffeine-needy commuters nationwide. "Less than 500" locations opened late because overnight maintenance took longer than usual due to "water pressure issues," Starbucks spokesman Jim Olson told ABC News. Twitter and other media reports indicate that stores were closed on the east coast in Florida, New Jersey and New York as well as Indiana, Kentucky, Ohio, Pennsylvania, and South Dakota.



text Mortgage Rates Fall Again
Thu, 24 May 2012 13:37:27 -0400
Right now could be the best time to buy a home – if you qualify. Prices are close to 10-year lows in most markets, and rates for 30-year fixed mortgages are at their cheapest ever. Mortgage buyer Freddie Mac says the average rate on a...



text Bank Error Sends Man on $70K Spree
Thu, 24 May 2012 13:32:28 -0400
There are no free lunches. Money truly doesn’t fall from trees.  And sadly, the Bank Fairy doesn’t mysteriously deposit cash into customer’s accounts.  So one has to wonder what Joseph Bucci, a Trevose, PA resident was thinking when he went to a local Wells Fargo Bank in...



text Peddling Fashions a la Food Trucks
Thu, 24 May 2012 10:24:07 -0400
Food trucks triggered atypical cravings for New York City fashion designer Joey Wolffer, who was inspired not to nosh but to transform a 20-foot, potato-chip delivery truck into a roving style gallery. 'The treasure chest on wheels,' as she calls it, has been on the road for two years and is part of a mobile fashion presence occupying more and more space across U.S. parking lots and driveways.



text Suit Gives View of Venture Capital World
Thu, 24 May 2012 08:47:30 -0400
Though widely known that the world of venture capital is dominated by male partners and funding recipients, a gender discrimination suit filed by a female employee of Kleiner Perkins Caulfield and Byers this month provided a probing look into a system that allegedly boosted male positions and compensation while excluding the company's female employees.



text More Gasoline Price Cuts Coming
Thu, 24 May 2012 08:04:45 -0400
Morning Business Memo: Remember all those dire forecasts about $5 gas for the summer? It’s not likely to happen. Gas prices are likely to fall more as the world price of oil continues to drop. West Texas crude is under $90.50 a barrel, while Brent...



text HP Cuts 27,000 Jobs
Wed, 23 May 2012 16:54:52 -0400
Tech giant Hewlett-Packard Co. plans to cut 27,000 employees after revealing that third-quarter results will be lower than expected. The company outlined plans after the close of the stock market for a "multi-year productivity initiative designed to simplify business processes, advance innovation and deliver better...



text Facebook Sued, Subpoenaed About IPO
Thu, 24 May 2012 01:30:27 -0400
Facebook and its IPO underwriters are being sued and face pointed questions from lawmakers about whether they misled some investors before the largest tech IPO in the U.S.


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text Wayne Newton Battles Ugly Lawsuit
Wed, 23 May 2012 11:20:43 -0400
Wayne Newton, long famed as "Mr. Las Vegas," is being sued by a developer who claims the singer is obstructing efforts to turn Newton's 40-acre 'Case de Shenandoah' estate into a Vegas tourist attraction along the lines of Elvis' Graceland.



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text Software Exec Charged In Lego Scam
Wed, 23 May 2012 09:11:39 -0400
A Silicon Valley executive was charged with four felony counts of second degree burglary after allegedly creating his own barcodes and placing them on Lego toys at Target stores to get major discounts. Thomas Langenbach, 47, was arraigned Tuesday in Santa Clara County Court, but...



text Watch: Memorial Day Deals
Thu, 24 May 2012 16:25:56 -0400
Limor Elkayam shares ways to save money this holiday.



Wells Fargo mistakenly deposited almost $70,000 into Pennsylvania man's account.



Jeff Macke analyzes the morning business headlines.



text Watch: Hiring Family Members and Friends
Tue, 22 May 2012 16:27:57 -0400
Susan Solovic helps you avoid common pitfalls



text Watch: Save Money On Pet Expenses
Tue, 22 May 2012 14:44:50 -0400
Farnoosh Torabi shares advice for any pet owner.



text Watch: Facebook Falters; Blame Game Begins
Tue, 22 May 2012 10:46:38 -0400
Sheila Dharmarajan analyzes the morning business headlines.



text Watch: Financial Wisdom For Wedding Guests
Mon, 21 May 2012 12:15:46 -0400
Farnoosh Torabi explains how you can save money.



text Watch: Facebook Honeymoon Over: Stock Plummets
Mon, 21 May 2012 11:01:06 -0400
Ellen Braitman analyzes the morning business headlines.



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Oriane Rousseau describes the events that lead to her husband's death.



Kentucky businessman purchased closing store's merchandise to give it away.



text 6 Tips to Pick the Best Nursing Home
Thu, 24 May 2012 10:25:28 -0400
Two-thirds of those 65+ will need home care.



text When and When Not to Get Insurance
Tue, 22 May 2012 16:18:45 -0400
Most people believe that it's foolish not to have insurance, and in many cases they're right. Yet buying some types of insurance may be a costly mistake.


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text Top 5 Tips When Buying a Grill
Thu, 24 May 2012 10:20:52 -0400
Summer is on the way, and the grill-buying season is approaching. Whether you're a seasoned grillmaster or only an occasional burger flipper, here are five questions you need to ask to get the right grill for you:



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text Testing Your Credit Score Knowledge
Mon, 21 May 2012 04:08:34 -0400
The Consumer Federation of America, CFA, has created a fascinating, fantastic quiz about credit scores –what they are, what factors into them, what lowers them and so on. It's worth taking, because as I have often preached here, credit costs money –big money—and there are two ways to cut that cost: use less credit and get credit for less. The way you get credit for less is by maintaining a high credit score and if you don't understand how they work, that's hard to do.



text Speculate on Euro? Not a Great Idea
Tue, 22 May 2012 16:22:24 -0400
In ancient Greece, the gods could smite you in any number of ways. Zeus could hit you with a thunderbolt. Poseidon could cause an earthquake. Proboscis could make your nose fall off.



A pawn shop next to the likes of Hermes, Tiffany’s and Chanel on Rodeo Drive would have, just a few years ago, been an unheard of sight. But the classic pawn shop, where you sell or get a loan for your jewelry to pay back...



text New Rules to Help Mortgage Seekers?
Fri, 11 May 2012 18:45:31 -0400
Even the most sophisticated home buyer can find mortgages daunting. And that’s precisely why the U.S. Consumer Financial Protection Bureau is planning to propose new rules that will simplify things like mortgage points and fees and bring greater transparency to the mortgage loan origination market,...



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The great recession has taken a heavy toll on college grads, with only half of those who graduated between 2006 and 2011 reporting they have full-time jobs, according to a new study. The survey by Rutgers University’s John J. Heldrich Center for Workforce Development was based...



text Life Spans of Popular Electronic Gadgets
Wed, 09 May 2012 06:00:45 -0400
Life is fleeting — even for inanimate objects.  Take your favorite iGizmo: How long will it continue to wink and blink, to coo and vibrate, before the digital reaper calls it to the junk heap? According to  a recent survey by Consumer Reports ("What Breaks, What Doesn’t?"),...



Fidelity: Retired couple needs $240,000 for health costs, up 4 percent from 2011 estimate



text The Man Who Quit Money 12 Years Ago
Fri, 04 May 2012 16:08:09 -0400
Daniel Suelo is 51 years old and broke. Happily broke. Consciously, deliberately, blessedly broke. Not only does he not have debt, a mortgage or rent, but he does not earn a salary. Nor does he buy food or clothes, or own any product with a lower case 'i' before it. Home is a cave on public land outside Moab, Utah. He scavenges for food from the garbage or off the land (fried grasshoppers, anyone?). He has been known to carve up and boil fresh road kill. He bathes, sans soap, in the creek.




Thousands march for peace in Mexico
text Thousands march for peace in Mexico TENS of thousands of people have marched in Mexico's second most populous city, angry at the inability of authorities to end a crime wave. (heraldsun world)
Fake Android apps scam cost users £28,000
text Fake Android apps scam cost users £28,000 Malicious Android apps posed as Angry Birds and Cut the Rope in a scam that used premium rate text messages to defraud customers of £27,850. (telegraph technology)
First creature to walk on land 'dragged itself along' - like it was on crutches
text First creature to walk on land 'dragged itself along' - like it was on crutches The creature lived in floodplains on what is now Greenland during a period known geologically as the Devonian period - about 360 to 410 million years ago. (dailymail sciencetech)