Source: Blake Ellis / CNN Money Millions of Americans have mistakes on their credit reports, some of which are serious enough to lower credit scores and result in worse credit offers, a new government study finds. As many as 42 million Americans have errors on their credit reports, according to a Federal Trade Commission study [...]
Source: Charles Riley / CNN Money The Federal Reserve has acknowledged that an outside party gained access to its website and a limited amount of data, raising questions about the central bank’s cyber-security measures. “The Federal Reserve System is aware that information was obtained by exploiting a temporary vulnerability in a website vendor product,” a [...]
Source: Jose Pagliery / CNN Money Home Depot is making its yearly hiring push, aiming to fill more than 80,000 jobs for its busiest season. That’s 10,000 more jobs than the home improvement retail chain posted last year at this time, marking a 14% year-over-year increase. In a statement, the company’s executive vice president of human resources, [...]
Source: Jennifer Liberto / CNN Money The U.S. Postal Service plans to stop delivering letters and other first-class mail on Saturdays beginning Aug. 5, although packages will continue to be delivered. It will mark the end of an era for the agency, which started Saturday delivery in 1863. Tired of waiting for Congress to help, [...]
Source: Emily Jane Fox / CNN Money Faced with months of surging demand, Wal-Mart is rationing sales of ammunition. The nation’s largest retailer is limiting ammunition sales at its stores across the country to three boxes per customer, per day. Guns and ammunition have been flying off store shelves since President Obama’s reelection in November, and [...]
Source: Maureen Farrell / CNN Money Apple’s stock bubble continued to deflate Thursday. Shares of Apple (AAPL, Fortune 500) plunged more than 12%, as investors grew skeptical about the iPhone maker’s growth prospects. Despite reporting a record quarterly profit, Apple’s forecasts showed signs of slowing consumer demand for its products, particularly its iPhonesApple’s stock has [...]
Source: Jeanne Sahadi / CNN Money The House on Wednesday passed the “No Budget, No Pay Act,” a Republican bill that would effectively defuse the debt ceiling threat for several months. The bill would let the Treasury Department borrow new money until mid-May. In exchange, the legislation would require lawmakers in both chambers of Congress [...]
Source: Chris Isidore / CNN Money The board of AIG decided Wednesday not to join a shareholder lawsuit against taxpayers which challenges the terms of the bailout that saved the insurer from bankruptcy in 2008. The board did not detail the reasons for the decision, saying it will make that clear in court filings in the [...]
Source: Emily Jane Fox / CNN Money After initially declining an invitation to attend, Wal-Mart announced Wednesday that it will participate in a meeting with Vice President Joseph Biden’s gun violence task force. The nation’s largest retailer, which had sent representatives to meet with the vice president’s staff earlier this week, originally said that executives couldn’t [...]
Source: Maureen Farrell / CNN Money It’s an epic corporate showdown. Hedge fund manager and activist investor Bill Ackman versus vitamin and nutritional supplements company Herbalife (HLF). Ackman, who runs the $11 billion hedge fund Pershing Square, has called Herbalife a pyramid scheme and publicly said that he’s betting $1 billion that its stock will fall to zero. [...]
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