Red Sox owner buys Boston Globe
August 3rd, 2013
09:35 AM ET

Red Sox owner buys Boston Globe

The New York Times Co. will sell The Boston Globe to sports magnate John W. Henry for $70 million, a fraction of the price it paid for the paper two decades ago.

The company paid $1.1 billion for the properties. The impending sale to the owner of the Boston Red Sox is for 6.3% of the price it paid.

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Filed under: Baseball • Boston • Economy • Massachusetts • Sports • U.S. • World Update
Brazilian protesters 'time out,' back later
June 19th, 2013
04:45 AM ET

Brazilian protesters 'time out,' back later

Protesters in Brazil called for a "time out" Wednesday, a glaring contrast to the loud, voluminous demonstrations that reverberated across several cities the day before.

Crowds originally protesting bus fare hikes have grown into multitudes decrying social injustice as broad avenues filled to capacity for blocks.

There were over 200,000 confirmed participants Tuesday, according to the main organizer, the Free Fare Movement. Though the group said it has nothing planned for Wednesday, there may be scattered protests regardless.

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Filed under: Brazil • Economy • Protest • World • World Update
9 cent hike causes clashes on Brazil streets
June 18th, 2013
04:08 AM ET

9 cent hike causes clashes on Brazil streets

Nine cents have been enough to make tens of thousands of Brazilians cry foul for a week.

For the demonstrators who have transformed streets in Sao Paulo and Belo Horizonte into protest battlegrounds, it isn't so much that the price of a bus ticket went up from 3.00 to 3.20 reais ($1.38 to $1.47).

The small bump in fare was the straw that broke the camel's back in a much larger issue, and protesters plan to march again Tuesday to vent their anger.

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Filed under: Anonymous • Brazil • Civil Rights • Economy • Occupy Wall Street • Protest • Transportation • World • World Update
Man arrested in Washington state ricin probe
Ricin is a toxin derived from castor beans.
May 22nd, 2013
10:33 PM ET

Man arrested in Washington state ricin probe

A 37-year-old man arrested Wednesday in Washington state as part of a probe of ricin-laced letters threatened in one such letter to injure and kill a federal judge, a grand jury indictment alleges.

FBI agents arrested Matthew Ryan Buquet on Wednesday afternoon, and he made his initial court appearance in Spokane later in the day, the federal agency's Washington state office said in a news release.

A grand jury charged Buquet with mailing threatening communication, claiming he "knowingly and willfully" mailed through the U.S. Postal Service a letter "containing a threat to injure and kill Judge (Fred) Van Sickle," according to the indictment. Van Sickle is a senior judge in the U.S. District Court for the Eastern District of Washington.

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Filed under: Crime • U.S. Postal Service • Washington state
Fed's Bernanke: No rate hike soon
Federal Reserve Chairman Ben Bernanke, shown here in a file photo, has warned of risks of raising interest rates too soon.
May 22nd, 2013
10:58 AM ET

Fed's Bernanke: No rate hike soon

The U.S. economy is on stronger footing than a year ago, but Ben Bernanke wants to be careful not to squelch the recovery now.

"A premature tightening of monetary policy could lead interest rates to rise temporarily, but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further," the Federal Reserve Chairman told the U.S. congressional Joint Economic Committee on Wednesday.

The Federal Reserve has kept its key short-term interest rate near zero since December 2008, and expects it to stay there for a "considerable time" as the recovery strengthens, Bernanke said.

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May 6th, 2013
07:12 PM ET

Senate passes Internet sales tax bill

The Senate passed legislation Monday that would allow the 45 states (and the District of Columbia) that charge sales tax to require online retailers to collect taxes on purchases made by their residents.

The bill will now move to the House.

So how would the passage of the "Marketplace Fairness Act" affect your online shopping? A lot depends on where you live.

From California to New York, here's a look at what you can expect:

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Filed under: Economy • Politics • Taxes • U.S.
House OKs measure to end controller furloughs
April 26th, 2013
12:58 PM ET

House OKs measure to end controller furloughs

[Updated at 12:58 p.m. ET] In rare bipartisan accord, normally quarrelsome U.S. lawmakers passed a measure designed to end budget-related air traffic controller furloughs blamed for widespread flight delays.

The House of Representatives approved the legislation, capping a major congressional initiative as delays snarled traffic at airports. The House vote comes a day after unanimous approval by the U.S. Senate.

The measure - which is expected to be signed into law by President Obama - gives the Transportation Department budget planners new flexibility for dealing with forced spending cuts.

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Filed under: Air travel • Aviation • Barack Obama • Budget • Congress • Consumer safety • District of Columbia • Economy • FAA • Jobs • Labor • Politics • Travel
Oil, money, politics: Keystone XL hits a snag
April 23rd, 2013
04:22 AM ET

Oil, money, politics: Keystone XL hits a snag

The politics of oil and ecology have put President Obama between a rock and hard place, as he faces a decision on whether or not to permit construction of a new pipeline. The squeeze just got tighter with a new, negative environmental assessment.

The Keystone XL pipeline will give America energy independence, thousands of jobs, important industrial infrastructure and won't cost taxpayers a dime, say proponents. Many of them are Republican lawmakers.

It is dangerous, inherently filthy and must be stopped, say opponents, some of whom are Democrats who helped get the president elected.

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Filed under: Arkansas • Barack Obama • Business • Canada • Climate change • Democratic Party • Earth • Economy • Energy • Environment • Global Warming • Jobs • Montana • Nature • Nebraska • North Dakota • Politics • Protest • Railroads • Republican Party • State Department • U.S. • World
Caribou Coffee closing 80 stores
Caribou Coffee is disappearing or greatly diminishing in several U.S. markets.
April 8th, 2013
09:33 PM ET

Caribou Coffee closing 80 stores

Minneapolis-based Caribou Coffee is closing 80 locations next week and plans to convert 88 others to Peet's Coffee & Tea shops within the next 18 months, the company announced Monday.

"Over the past few months, we at Caribou have revisited our business strategy, including closely evaluating our performance by market to make decisions that best position us for long-term growth," the announcement said.

As a result, 80 "underperforming" stores will close for good on Sunday.

After that, 88 other Caribou locations will become Peet's as Caribou becomes extinct or critically endangered in Ohio, Michigan, Pennsylvania, Maryland, Virginia, Georgia, Illinois, eastern Wisconsin and Washington.

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Filed under: Business • Economy • Food
April 5th, 2013
07:51 PM ET

Triple suicide linked to recession

An Italian couple burdened by their country's economic downturn hanged themselves, and the woman's brother - after learning of their deaths - threw himself into the Adriatic Sea and died, CNN affiliate RAI reported Friday.

Romeo Dionisi, 62, and his wife, Annamaria Sopranzi, 68, were found by neighbors in the coastal city of Civitanova Marche, and police told RAI that the family's financial difficulties led to the suicides.

Rescuers pulled Joseph Sopranzi, the woman's brother, from the water but could not revive him, according to RAI.

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Filed under: Economy • Italy • World
Boeing: 787 test flight 'uneventful'
The Boeing 787 Dreamliner has been plagued by problems with lithium-ion batteries.
April 5th, 2013
05:15 PM ET

Boeing: 787 test flight 'uneventful'

A flight labeled the "final" certification test of an improved battery system for the grounded Boeing 787 Dreamliner was "straightforward" and "uneventful," the airplane maker said Friday.

The test was an important one for Boeing, which has billions of dollars riding on the success of the new airliner. The U.S. Federal Aviation Administration and similar regulators worldwide grounded the Dreamliner in January after two battery-related fires damaged 787s in Boston and Japan. No one was hurt in the fires.

In March the FAA approved a Boeing certification plan to fix the 787's problematic lithium-ion battery system and prove the new design is safe. Friday's nearly two-hour flight was the final certification test of that plan.

SEE ALSO: DREAMLINER MAKES MOVES (VIDEO)

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Filed under: Air travel • Business • Technology • Travel
UPS to forfeit $40 million
UPS has agreed to forfeit $40 million in payments from illegal online pharmacies.
March 29th, 2013
02:48 PM ET

UPS to forfeit $40 million

United Parcel Service will forfeit $40 million in payments it received from illegal online pharmacies and take steps to make sure such groups no longer use the shipper's services, the U.S. Drug Enforcement Administration announced Friday.

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Filed under: Business • Drugs • Justice • U.S.
Judge OKs big airline merger
US Airways and United Airlines are working on a merger.
March 27th, 2013
05:32 PM ET

Judge OKs big airline merger

A federal bankruptcy judge gave approval on Wednesday for US Airways and American Airlines to proceed with their planned merger, according to a source familiar with the situation.

US Airways and American Airlines announced plans last month to join forces in an $11 billion deal to create the world's largest airline.

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Filed under: Air travel • Business • Courts • U.S.
March 13th, 2013
07:41 AM ET

Wednesday's live events

Roman Catholic cardinals continue their conclave to elect a new pope.  Watch CNN.com Live for ongoing coverage from the Vatican. 

Today's programming highlights...

Ongoing coverage - Papal conclave

10:30 am ET - Budget debate - The House Budget Committee considers the proposed 2014 budget plan released this week by Rep. Paul Ryan.  Senate Democrats release their own budget proposal at 2:00 pm ET.

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Filed under: Budget • Catholic Church • Crime • Dollars & Sense • Economy • Justice • Politics • Religion • Vatican
March 12th, 2013
09:57 AM ET

Dow sets another record, then dips

After making a brief appearance in record territory Tuesday morning, the Dow Jones industrial average might be cooling off a bit.

The Dow rose 5 points at the open to set an all-time intraday high about 14,452. But then it dipped a little into the red, taking a pause in the absence of fresh catalysts to extend a recent record-setting run.

The Dow has ended at a record for five straight days. But analysts say a pullback at this stage wouldn't come as much of a surprise and should be considered healthy.

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Filed under: Economy
March 8th, 2013
07:39 AM ET

Friday's live events

$85 billion in automatic across-the-board cuts became law last week, as President Obama and Congress struggle to find a solution to the crisis.  Watch CNN.com Live for continuing coverage of this story.

Today's programming highlights...

The Jodi Arias trial is in recess until Wednesday, March 13

10:30 am ET - The funeral of Hugo Chavez - Heads of state and dignitaries from dozens of countries gather in Caracas for the state funeral of Venezuelan President Hugo Chavez.  Nicolas Maduro will be sworn in as interim president at 6:30 pm ET.

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Filed under: Budget • Crime • Dollars & Sense • Economy • Venezuela • World
March 7th, 2013
07:41 AM ET

Thursday's live events

$85 billion in automatic across-the-board spending cuts became law last week, as President Obama and Congress struggle to find a solution to the crisis.  Watch CNN.com Live for continuing coverage on this story.

Today's programming highlights...

10:00 am ET - North Korea policy hearing - As North Korea makes new threats amid possible U.N. sanctions over its nuclear ambitions, the Senate Foreign Relations Committee meets to discuss existing U.S. policy toward Pyongyang.

FULL POST


Filed under: Barack Obama • Budget • Congress • Dollars & Sense • Economy • Kim Jong Un • North Korea • On CNN.com today • Politics • World
Another day, another Dow record
Will traders at the New York Stock Exchange see another Dow record at the close of Wednesday's session?
March 6th, 2013
09:39 AM ET

Another day, another Dow record

A day after setting all-time closing and inter-day records, the Dow Jones industrial average has hit another high.

Just minutes into Wednesday's trading session, the Dow rose 47 points to 14,300, a new inter-day record. The previous inter-day record, set yesterday, was 14,286.37.

Related news from CNNMoney:

Another day, another record for Dow?

ADP: Private sector job growth remains 'sturdy'

Dow record? Who cares? The economy still stinks!

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Filed under: Economy
March 6th, 2013
07:46 AM ET

Wednesday's live events

$85 billion in automatic across-the-board cuts became law last week, as President Obama and Congress struggle to find a solution to the crisis.  Watch CNN.com Live for continuing coverage on this story.

Today's programming highlights...

9:30 am ET - Justice Department oversight hearing - Attorney General Eric Holder may discuss spending cuts and drones when he testifies at an oversight hearing before the Senate Judiciary Committee.

FULL POST


Filed under: Barack Obama • Budget • Congress • Dollars & Sense • Economy • Eric Holder • Politics
Dow hits record high
March 5th, 2013
09:38 AM ET

Dow hits record high

[Updated at 9:58 a.m. ET] Records are falling Tuesday for the Dow Jones industrial average.

The Dow hit a new record high within the first few minutes of trading Tuesday, gaining nearly 100 points, rising as high as 14,226.20. That topped both the Dow's intraday and closing records that were set in October 2007.


Why America's middle class is losing ground


Why the Fed is failing to boost lending

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Filed under: Business • Economy
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