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Alibaba’s IPO prices at $68 a share, top end of range
Bloomberg
Alibaba’s IPO price values the company at $168 billion, making it instantly one of the largest listed in the U.S. and giving it a larger market capitalization than Amazon.
Poletti: Alibaba shares not for faint of heart
Alibaba’s structure is ‘dangerous’: Mobius
Alibaba gives insiders chance to sell early
Want piece of Alibaba IPO? Careful now...
Alibaba IPO by the numbers

Oracle’s two CEOs may fuel investor concerns
Larry Ellison   AFP/Getty Images
With Ellison suddenly stepping down, Mark Hurd and Safra Catz will become co-CEOs, a setup that has investors nervous, writes Therese Poletti.
Larry Ellison to step aside as Oracle CEO
Oracle reports earnings of $2.2 billion
Ellison guided Oracle through major shifts in IT
10 things CEOs won’t say
Does Samsung really need three CEOs?

5 big-shots who lied on their resumes
Wal-Mart's David Tovar: 5 big shots who lied on their resumes  Walmart
Wal-Mart’s top spokesman has resigned over a two-decade-old resume lie. Here are five particularly memorable examples of lying leaders.

NFL's domestic-violence plague rages on
 Getty Images
About 12% of NFL player arrests since 2000 involved charges of domestic violence, and according to a USA Today database, the Denver Broncos are the worst offenders.
College football’s most, least expensive towns

20 amazing and affordable post-summer vacations
20 amazing and affordable post-summer vacations  Shutterstock
The fall and winter months can be an ideal time for an affordable adventure.

5 of retail’s most offensive clothing designs
5 of retail’s most offensive clothing designs  Urban Outfitters via Twitter
Outrageous clothing designed by major realtors have been offending people for decades

November surprise: Senate stays in Democratic hands
  C-SPAN
Democrats plan to push such policies as higher minimum wage and college affordability.
Democrats turn on Debbie Wasserman Schultz
Tax-reform talk with Boehner — and wine

Tim Cook: Data safe with us — unlike some people
CUPERTINO, CA - SEPTEMBER 09:  Apple CEO Tim Cook speaks during an Apple special event at the Flint Center for the Performing Arts on September 9, 2014 in Cupertino, California. Apple unveiled the Apple Watch wearable tech and two new iPhones, the iPhone 6 and iPhone 6 Plus.  (Photo by Justin Sullivan/Getty Images)  Getty Images
Apple takes a jab at rivals Google and Facebook in a letter to customers about privacy.
Real reason people wait in line for new iPhones
UBS analyst says Apple Watch will pay off
iOS 8 review: Like a new phone for free

Apple's iOS 8: Time to clear out digital attic
Why iPhone 6's bigger screen is better


Elon Musk: Homes will run on thermostat-like devices
Elon Musk: Here’s what will one day power your house AFP/Getty Images
Elon Musk’s Tesla is working with SolarCity to meet energy-storage needs of solar customers.
Competition for Elon Musk’s SolarCity
Musk sees autonomous car ready in 5-6 years
Need to know
IMF sounds alarm on stock prices with 2 charts
German producer prices decline in August
ECB's Coeure wants German income-tax cut

Senate passes bill to keep government open
McDonald's raises quarterly dividend by 5%
Costco ditches Amex at its Canadian stores
Attackers target 90 brokerages and advisers
Asian stock markets: latest quotes

Home Depot breach bigger than Target’s
The nation’s biggest do-it-yourself retailer says up to 56 million cards may have been hacked.

This high-yield ETF is worth a close look
Dave Fry looks at an income-producing ETF that uses a sophisticated stock-investing strategy.
For gold bugs, it's been an unhappy month

China bigwigs run in fear from MBA school
While in the West, a Executive Masters of Business Administration degree can help your career, but in China, it can land you in prison, or so fear some.
Falling yen is weaker tonic for Japan

Boeing's bumpy 787 launch is now paying dividends
Ten years of setbacks taught Boeing lessons it is now profiting from by taking steps to optimize capital, labor and its supply chain.

Stock, bond traders reading Fed differently?
Bond traders look at Janet Yellen and see a hawk, while stock investors see a dove. Here’s what’s really going on.
Why investors still don’t believe the Fed’s dots

Sears should liquidate: Credit Suisse
Credit Suisse analyst says Sears story "not likely to have a happy ending."

Tesla and 4 other names to watch for market cues
Trading Deck: Keep an eye on these leaders, writes Kevin Marder.
4 stocks to watch from Harry Boxer

7 things you didn’t know about billionaires
Where do the uber-rich live, go to college and make their money?
Five ‘soul- destroying’ jobs
One in 10 Americans’ paychecks gets docked

Sony worth more than the market realizes
Commentary: Much of the bad fundamentals are already baked into the Sony stock at a $20 billion market cap, writes Cody Willard.

Wall Street back to its wicked ways
Opinion: You'd have expected banks and brokers to clean up their acts, says David Weidner.

ECB gets another shove toward QE
First Take: Mario Draghi’s options narrow as banks shun the offering of cheap four-year loans.

Yellen: Poorest in U.S. live in ‘sobering’ conditions
Condition of lower-income families in grim even as the economy recovers, Janet Yellen says Thursday.
Fed data on retirement saving: It’s dismal

Charlie Munger, the Calpers exit and you
RetireMentors: Here's how money-manager shifts affect your ability to retire on time, by Mitch Tuchman.
Arends: Be like Calpers, dump hedge funds
Weidner: Hedge funds are losing their luster
Calpers to exit hedge funds

 
10 stocks for activist investors’ hit list
Analysis: Philip van Doorn spotlights comglomerates that activists could demand better performance from.
10 solid stocks for risk-averse investors

7 reasons to be bullish on Microsoft
Opinion: Jeff Reeves points out ways Microsoft has begun to break out, after having disappointed for so long.
News Corp dubs Google a ‘platform for piracy’

CEO says Pier 1 has been ‘in the dumb camp’
CEO Alex Smith's sobering remarks may be heeded by rivals.
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Even the very rich need to be mindful of these wasteful practices.


Jeff Bezos wants to take one giant leap for mankind
Commentary: Bezos squaring off with Elon Musk for space supremacy, writes Therese Poletti.
Why so many billionaires are going to space
Musk ‘deeply honored’ by NASA contract

InBev faces antitrust hurdle if it goes after SABMiller
Anheuser-Bush InBev is feeling out banks for financing a run at SABMiller. It should also have its antitrust lawyers on speed dial.
How investors can tap into the beer wars

5 extreme ways to succeed on dating sites
From robotic swipe machines to verifying your profile photo.

Five reasons Americans are unhappy
The economy may be improving, but many Americans are still miserable.

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SmartMoney Blogs

The Tax Blog
The latest news, insights and tips about taxes

Taxes - All posts in category Taxes

  • Jun 23, 2011
    9:40 AM ET

    Star’s Former Manager in Tax Trouble

    Michael Jackson’s former manager and spokeswoman  pleaded guilty Wednesday in a Washington, D.C. federal court to charges that she hadn’t paid hundreds of thousands of dollars in taxes.

    Getty Images

    Raymone Bain pleaded guilty to two counts of failing to file federal and District of Columbia income tax returns between 2006 and 2008 despite substantial earnings as the pop star’s general manager and president of the Michael Jackson Co.

    Sentencing was scheduled for Aug. 31, 2011. She faces a maximum 12 month prison term and $100,000 fine for the federal charges and a six month prison term and $5,000 fine for the District of Columbia violation.

    According to evidence, she was responsible for the daily operation of the Michael Jackson Co., including its “financial, public relations and marketing tasks.” Despite substantial earnings, the tax loss was $200,000 to $400,000.

  • Jun 10, 2011
    10:57 AM ET

    Why Paying Taxes Takes Longer

    If paying taxes wasn’t bad enough, the process is expected to get even longer. That’s because the Internal Revenue Service needs more employees to take your payments.

    Istockphoto

    Hiring of revenue officers hasn’t kept pace with attrition, according to a study released this week by the IRS watchdog Treasury Inspector General For Tax Administration. The IRS doesn’t know how many officers are actually needed. In fact, it expects to lose revenue officers as fast as it can replace them, says the report.

    The findings were based on a study of recent IRS hires in a unit that collects taxes from small businesses and the self-employed. The IRS division added more than 1,515 new revenue officers in three waves between June 2009 and February 2010 — 38% of the 4,002 officers on staff before the first wave began

    Nearly two-thirds of the revenue officers who left the agency the last three years retired.

    Responding to the report, the IRS said it has started to improve workforce planning across all of its collection programs.

    The workload for tax collectors is only expected to grow, the report noted. The agency is closing delinquent tax accounts at the highest rates since fiscal year 2005, but new delinquent accounts are mounting.

  • Jun 6, 2011
    3:11 PM ET

    Wesley Snipes Appeal Rejected

    Actor Wesley Snipes isn’t getting a new day in court, at least not this time.

    Istockphoto

    The Supreme Court announced Monday that it wouldn’t consider his appeal for a 3-year-prison term for tax evasion.

    The Hollywood star is serving his sentence in Pennsylvania and not scheduled for release until 2013. He was convicted in 2008 of three misdemeanor charges of willful failure to file income tax returns.

    Snipes said his constitutional rights were violated because he should have been impaneled where the crime allegedly occurred. The actor wanted his 2008 tax trial to be held in New York City, where he lived, but the charges were brought in Florida, where he held a driver’s license, according to Fox News.

  • Jun 3, 2011
    11:39 AM ET

    How to Avoid Tax Relief Firms

    Recently, we talked about Roni Deutch’s film, “Death or Taxes: The Sad Truth About Our American Tax System.”

    Getty Images

    It’s time to look at one of the saddest components of the American tax system – the predators. It’s bad enough having to fight off the sometimes-terrifying collections tactics of the IRS. It’s even worse when the firm hired to protect you, gets you deeper into debt or causes you to lose your home or business.

    The fees for tax debt reduction assistance range from $1,200 to $5,000 or more. Those fees aren’t unreasonable. When handled properly, it takes 30-50 hours to prepare an offer in compromise (OIC).

    But the expenses are outrageous when the firms take your money and make promises they can’t keep. They shouldn’t sign you up when they know the IRS won’t approve your OIC. But too many do, and months later, they tell you the IRS rejected your request. By then, your penalties and interest may have skyrocketed, your credit been ruined and your wages been garnished.

    Let’s look at recent court cases filed against television and radio advertisers, preying on your fears, your insecurities, and your tax terrors. All cases involve national tax resolution firms who have misled troubled taxpayers.

    On April 22nd, the California Superior Court froze the assets of Roni Deutch for shredding documents in defiance of a court order, and not giving refunds to clients, as ordered. IRS has also hit her with a $183,000 lien. Trial is set for July.

    Minnesota Attorney General Lori Swanson filed suit accusing Houston-based TaxMasters of fraud and deception. Texas filed suit alleging the company unlawfully “engaged in false, misleading, and deceptive acts and practices.” Florida is investigating them, too.

    Florida is also investigating JK Harris for allegedly violating a 2008 settlement with Florida and 17 other states over misleading sales tactics.

    If there’s a TV advertiser promising that you can pay pennies on the dollar, you can bet there will be consumer complaints and investigations sooner or later. The IRS even publishes an alert. Why? Not everyone qualifies for offers in a compromise. But some of these firms will sell them to anyone desperate enough to pay.

  • May 16, 2011
    11:53 AM ET

    Depreciation Rules Favor Big Cars

    The most recent Tax Report summarized tax breaks both new and old for cars used in a business, especially new depreciation rules passed by Congress in 2010 that expire at the end of this year.

    IStockphoto

    The bottom line: There’s a big incentive for business owners to buy a behemoth gas guzzler like a Cadillac Escalade or Ford Expedition this year. They can deduct 100% of the purchase price right away (minus a disallowance for any personal use, of course).

    Lawmakers were far less generous with depreciation deductions for purchases of cars weighing less than 6,000 lbs. For these lighter vehicles they also favored more expensive cars (like a Lexus) over less expensive ones (like a Hyundai ).

    CPA Douglas Stives of Monmouth University teased this overall result out of highly complex guidance issued earlier this year by the Internal Revenue Service (See Rev. Proc. 2011-21 and 2011-26).

    Here is a longer explanation of how Mr. Stives arrived at his conclusion about larger and smaller cars weighing less than 6,000 lbs.

    *The IRS defines a “luxury car” as –believe it or not—one costing more than $15,300. Such cars are subject to depreciation limits unless they weigh more than 6,000 lbs. and the special 100% deduction applies.

    *The maximum first-year depreciation for these “luxury cars” is $11,060. This consists of annual regular depreciation of $3,060 for the first year plus “bonus” depreciation of up to $8,000. The write-off in Year Two is normally $4,900, then $2,950 in Year Three, and $1,775 in Years Four and beyond.

  • May 13, 2011
    1:13 PM ET

    How to File Foreign Bank Reports

    Although the FBAR (Foreign Bank Account Report) has been around for decades, it has loomed large ever since Congress and the IRS learned that Swiss banking giant UBS was encouraging U.S. taxpayers to hide money in Swiss accounts. Following the revelations, Congress imposed new penalties on those with undeclared accounts. This year’s overseas financial accounting reports are due June 30.

    Getty Images

    For both taxpayers and tax preparers, the FBAR poses problems because the rules are complex and the associated penalties can be draconian. Unusually, they are linked to the size of a foreign account rather than to the amount of unpaid taxes, if any. So what might seem (to some) like the mere foot-fault of missing FBAR filings can wind up swallowing half a foreign account and also putting other assets in jeopardy, say experts.

    Because the stakes are high, Andy Mattson, a CPA with Mohler, Nixon & Williams CPAs in Campbell, Calif., says his firm warns clients in three separate ways about FBAR filings. Even then, he says, there are narrow misses: “I had client who said he had no foreign financial accounts, but I knew he was Canadian. So I asked him if he had an SSRP (the Canadian version of an IRA). He did, and he had to file.”

    David Lifson, a CPA with Crowe Horwath in New York City, calls the process of filling out an FBAR “counterintuitive.” “With taxes we always strive to be exact and minimize where possible,” he says. “But with FBARs, there could be a margin of safety in overestimating account size.” The reason: No taxes are due with the FBAR, which is an information return, but there could be penalties for understatement. He says that a FBAR can add anywhere from $200 to $1500 to tax preparation fees.

  • May 12, 2011
    9:27 AM ET

    How to Gift a Vacation Home

    Lower real estate prices and higher gift tax limits are making this the perfect time for some wealthy individuals to gift vacation homes. An individual can give up to $5 million during his or her lifetime without paying a gift tax, and for couples that threshold is $10 million. Before, the limit was $3.5 million per person.

    iStockPhoto

    The higher limit only applies until 2013, and clients aren’t waiting, says Jay D. Waxenberg, chairman of the personal planning department at law firm Proskauer in New York. “We don’t know what’s going to happen,” he says.

    Another consideration is the low price of real estate. When a cottage on the coast of Maine or a cabin on a lake in northern Wisconsin is worth less, the potential tax impact is smaller.

    But some things need to be weighed carefully before making a gift of a vacation place, tax advisers say. Once ownership is transferred, parents or grandparents lose the legal right to decide who gets to use the place and when, whether it can be rented out and who is in charge of upkeep.

    To retain some control or for tax purposes, owners typically use a trust. One health-care executive, for example, plans to pass a $4 million Jersey shore house in two trusts to his children, who are in their 20s. One trust will be in the man’s name, the other in his wife’s.

  • Apr 29, 2011
    10:32 AM ET

    Why State Tax Audits Are Increasing

    When most people imagine a painful tax audit, it’s the Internal Revenue Service that comes to mind, but it’s now just as likely to be a state auditor at the door.

    Hungry for revenue, some states are going after more current and former residents for omissions and errors, intentional or otherwise, on their tax filings. They also are conducting more audits of estate tax returns, even as the government does fewer because of an increase in the estate tax exemption.

    Tax advisers say audits have increased in California, New York, New Jersey and Iowa. The Illinois Department of Revenue recently added 50 auditors, in part to help a group of 136 others work on individual and corporate income tax audits.

    Connecticut increased its income tax and estate tax audits by 10% for fiscal year 2011 over the previous year, says Sarah Kaufman, a spokesperson for the Connecticut Department of Revenue Services. She attributed the rise to updated computer programs and better use of information sharing between federal and state agencies that let Connecticut target questionable returns more efficiently.

    State audits tend to begin with red flags including a change of residence, out-of-state property holdings, real estate in general, and trusts or partnerships that hold different kinds of assets. Stock options also now get a lot of attention, according to AmyLynn Flood, partner, global human resource services at

  • Apr 22, 2011
    10:49 AM ET

    Why ‘Crying Innocent’ May Get Easier

    It’s not unusual for a person to learn – sometimes years later – that a current or former spouse tried to cheat the IRS on a joint tax return.

    Getty Images

    Crying innocence can be a valid defense, but a fight is on about how long they have to make that claim.

    Right now, the Internal Revenue Service’s “innocent spouse” rules require that a claim of ignorance must be filed within two years of when it starts collecting back taxes. But courts have differed with the IRS and among themselves about that limit. Exactly who can use the defense also is in dispute. Meanwhile, the lawsuits have stacked up.

    Earlier this month, nearly 50 members of Congress threw their weight behind advisers and taxpayers who want the time limit to be longer. The group, which includes Rep. Sander M. Levin (D-Mich.), ranking minority member on the House Ways and Means Committee, says 50,000 innocent spouse claims are filed with the IRS. Of these, about 2,000 are barred because of the time limit.

    Tax advisers hope the Congressional pressure will help break the gridlock. IRS commissioner Doug Shulman said in a statement this week that the agency has started a review of the rules to ensure they give innocent spouses “reasonable opportunities” to present their claims.

    Linda Lea Viken, a divorce attorney in Rapid City, S.D., and president of the American Academy of Matrimonial Lawyers, says a two-year limit is “a terrible idea” that defeats the whole purpose of the rule. Many times, she says, “it is years after a divorce that a party learns that their former spouse cheated on their taxes–without their knowledge.”

    Often enough, it is a still-married spouse who employs the defense. “People will forgive a lot in marriage if they still love the person,” says Robert E. McKenzie, an attorney in the Chicago law firm Arnstein & Lehr LLP. In some of those instances, couples hold assets separately or have an economic hardship that makes the claim useful.

    Often, though, the issue comes up when a couple has divorced. The problem with the two-year limit is that deceit often happens in the twilight zone when the split is happening and communication has faltered. A spouse who gets a letter from the IRS could well conceal it if the relationship is on rocky ground.

  • Apr 21, 2011
    1:36 PM ET

    Why Rental Property Is a Business

    In a recent MarketWatch article, I made the remark that rentals are a business. A reader disagreed. “Rental property is considered ‘investment income,’ and is filed on a Schedule E, not a Schedule C. But I understand your confusion on this matter because many people don’t understand the truth of the matter any more than you do. I know, I’m a real estate investor for 20 years now,” she wrote.

    Getty Images

    Despite investing her money in real estate, theoretically, to make a profit, this woman passionately believes that rentals are not a business. She’s not alone. Many people are confused because they’ve forgotten that the definition of a business is something that occupies your time, with the intention of making a profit. They’ve also forgotten the history of these taxes.

    Shades of 1984

    When Congress signed the Tax Reform Act of 1986 (TRA 86) the real estate investment  climate was very different – people were chasing lucrative tax benefits, rather than profits. TRA 1986 introduced the concepts of “passive income” and “active participation,”  “passive loss limitations,” “material participation” and “real estate professional” and “at-risk rules”.

    The IRS urged Congress to include limitations on rental income because, at the time, rental limited partnerships were often designed to be tax shelters for the limited partners. They were sold purely for the tax benefits, not for the potential increase in property value. Not only did these limited partnerships become an abuse of the tax system, they created worthless investments. Those properties were never operated with a profit motive. They often sold the property for less than the purchase price, once the tax benefits were stripped.

    Consider a typical California investment of the time. The partnership would buy a property for $2 million with 10% down. Back then, we had ACRS depreciation over 15 years – 19 years for real estate, with accelerated rates of 8% – 10% in the first three years. Mortgage interest rates were around 10% and so were management fees, usually paid to the general partners. A 10% investor would buy in for about $25,000 to cover the down payment and purchase costs.

    The properties were bought for about eight times gross rents, so rental income would be $250,000. Deducting the cost of interest would be about $180,000 (10% of $1.8 million), management fees of $25,000 (10% of $250,000 rental income), and property taxes of $25,000. Operating expenses, like maintenance and utilities, would inevitably eat up the rest of the cash flow. However, depreciation would be around $90,000 ($1 million building value times 9%).

About Tax

  • The Tax Blog brings together a team of award-winning tax journalists from the Dow Jones network and around the web to examine the tax issues, changes and legislation that affect families, investors and small business owners. Our contributors include Tax Report columnist Laura Saunders (WSJ), Tax Guy columnist Bill Bischoff and senior reporter Jilian Mincer (SmartMoney.com), retirement-focused reporter Anne Tergesen (WSJ), wealth management writer Arden Dale (Dow Jones Newswires), TaxWatch columnist Eva Rosenberg and personal finance reporter Andrea Coombes (MarketWatch), and reporter Alyssa Abkowitz (SmartMoney). They’ll provide the latest news and insight, mine the tax code for tips and loopholes, and answer your questions about tricky tax situations. Contact the The Tax Blog with ideas, suggestions or tax questions at thetaxblog@dowjones.com.

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Futures: /quotes/zigman/21588523/delayed S&P 500 +0.4% /quotes/zigman/25835223/delayed DOW +0.4% /quotes/zigman/21588526/delayed NASDAQ +0.4%

Alibaba’s IPO prices at $68 a share, top end of range
Bloomberg
Alibaba’s IPO price values the company at $168 billion, making it instantly one of the largest listed in the U.S. and giving it a larger market capitalization than Amazon.
Poletti: Alibaba shares not for faint of heart
Alibaba’s structure is ‘dangerous’: Mobius
Alibaba gives insiders chance to sell early
Want piece of Alibaba IPO? Careful now...
Alibaba IPO by the numbers

Oracle’s two CEOs may fuel investor concerns
Larry Ellison   AFP/Getty Images
With Ellison suddenly stepping down, Mark Hurd and Safra Catz will become co-CEOs, a setup that has investors nervous, writes Therese Poletti.
Larry Ellison to step aside as Oracle CEO
Oracle reports earnings of $2.2 billion
Ellison guided Oracle through major shifts in IT
10 things CEOs won’t say
Does Samsung really need three CEOs?

5 big-shots who lied on their resumes
Wal-Mart's David Tovar: 5 big shots who lied on their resumes  Walmart
Wal-Mart’s top spokesman has resigned over a two-decade-old resume lie. Here are five particularly memorable examples of lying leaders.

NFL's domestic-violence plague rages on
 Getty Images
About 12% of NFL player arrests since 2000 involved charges of domestic violence, and according to a USA Today database, the Denver Broncos are the worst offenders.
College football’s most, least expensive towns

20 amazing and affordable post-summer vacations
20 amazing and affordable post-summer vacations  Shutterstock
The fall and winter months can be an ideal time for an affordable adventure.

5 of retail’s most offensive clothing designs
5 of retail’s most offensive clothing designs  Urban Outfitters via Twitter
Outrageous clothing designed by major realtors have been offending people for decades

November surprise: Senate stays in Democratic hands
  C-SPAN
Democrats plan to push such policies as higher minimum wage and college affordability.
Democrats turn on Debbie Wasserman Schultz
Tax-reform talk with Boehner — and wine

Tim Cook: Data safe with us — unlike some people
CUPERTINO, CA - SEPTEMBER 09:  Apple CEO Tim Cook speaks during an Apple special event at the Flint Center for the Performing Arts on September 9, 2014 in Cupertino, California. Apple unveiled the Apple Watch wearable tech and two new iPhones, the iPhone 6 and iPhone 6 Plus.  (Photo by Justin Sullivan/Getty Images)  Getty Images
Apple takes a jab at rivals Google and Facebook in a letter to customers about privacy.
Real reason people wait in line for new iPhones
UBS analyst says Apple Watch will pay off
iOS 8 review: Like a new phone for free

Apple's iOS 8: Time to clear out digital attic
Why iPhone 6's bigger screen is better


Elon Musk: Homes will run on thermostat-like devices
Elon Musk: Here’s what will one day power your house AFP/Getty Images
Elon Musk’s Tesla is working with SolarCity to meet energy-storage needs of solar customers.
Competition for Elon Musk’s SolarCity
Musk sees autonomous car ready in 5-6 years
Need to know
Asian stock markets: latest quotes
IMF sounds alarm on stock prices with 2 charts
Senate passes bill to keep government open
McDonald's raises quarterly dividend by 5%
JetBlue CEO to step down in February
Clorox names Benno Dorer CEO
AOL shares jump on Yahoo merger speculation
Costco ditches Amex at its Canadian stores
Obama plans to tightly control strikes on Syria
Attackers target 90 brokerages and advisers

Home Depot breach bigger than Target’s
The nation’s biggest do-it-yourself retailer says up to 56 million cards may have been hacked.

This high-yield ETF is worth a close look
Dave Fry looks at an income-producing ETF that uses a sophisticated stock-investing strategy.
For gold bugs, it's been an unhappy month

China bigwigs run in fear from MBA school
While in the West, a Executive Masters of Business Administration degree can help your career, but in China, it can land you in prison, or so fear some.
Falling yen is weaker tonic for Japan

Boeing's bumpy 787 launch is now paying dividends
Ten years of setbacks taught Boeing lessons it is now profiting from by taking steps to optimize capital, labor and its supply chain.

Stock, bond traders reading Fed differently?
Bond traders look at Janet Yellen and see a hawk, while stock investors see a dove. Here’s what’s really going on.
Why investors still don’t believe the Fed’s dots

Sears should liquidate: Credit Suisse
Credit Suisse analyst says Sears story "not likely to have a happy ending."

Tesla and 4 other names to watch for market cues
Trading Deck: Keep an eye on these leaders, writes Kevin Marder.
4 stocks to watch from Harry Boxer

7 things you didn’t know about billionaires
Where do the uber-rich live, go to college and make their money?
Five ‘soul- destroying’ jobs
One in 10 Americans’ paychecks gets docked

Sony worth more than the market realizes
Commentary: Much of the bad fundamentals are already baked into the Sony stock at a $20 billion market cap, writes Cody Willard.

Wall Street back to its wicked ways
Opinion: You'd have expected banks and brokers to clean up their acts, says David Weidner.

ECB gets another shove toward QE
First Take: Mario Draghi’s options narrow as banks shun the offering of cheap four-year loans.

Yellen: Poorest in U.S. live in ‘sobering’ conditions
Condition of lower-income families in grim even as the economy recovers, Janet Yellen says Thursday.
Fed data on retirement saving: It’s dismal

Charlie Munger, the Calpers exit and you
RetireMentors: Here's how money-manager shifts affect your ability to retire on time, by Mitch Tuchman.
Arends: Be like Calpers, dump hedge funds
Weidner: Hedge funds are losing their luster
Calpers to exit hedge funds

 
10 stocks for activist investors’ hit list
Analysis: Philip van Doorn spotlights comglomerates that activists could demand better performance from.
10 solid stocks for risk-averse investors

7 reasons to be bullish on Microsoft
Opinion: Jeff Reeves points out ways Microsoft has begun to break out, after having disappointed for so long.
News Corp dubs Google a ‘platform for piracy’

CEO says Pier 1 has been ‘in the dumb camp’
CEO Alex Smith's sobering remarks may be heeded by rivals.
/conga/frontpage.html 320239

Latest News

    /news/latest
  1. 2:58a

    Asia stocks: Latest quotes

  2. 2:51a

    German producer prices decline in August

  3. 2:51a

    ECB's Coeure pushes forGerman income-tax cut

  4. 2:44a

    FTSE 100 poised to rally as Scotland votes to stay in U.K.

  5. 2:39a

    Gold slips toward a third weekly loss

  6. 2:30a

    Scotland set to stay in U.K. as ‘Yes’ camp admits defeat

  7. 2:17a

    Newscast: Alibaba prices at 68 dollars a share

  8. 1:58a

    Pound jumps as Scotland set to stay in the U.K.

  9. 1:30a

    London stocks poised for a rally on projected Scottish 'No' vote

  10. 1:12a

    U.S. stock futures surge, DJIA futures up 0.5% to 17,267

  11. 1:12a

    S&P 500 futures up 8.2 points, or 0.4% to 2,012.80

  12. 1:12a

    Nasdaq 100 futures up 19.26 points, or 0.5%, to 4,115.75

  13. 1:08a

    FTSE 100 index futures up 1.2% after projected Scottish 'no' vote

  14. 12:33a

    BREAKING

    Scotland votes to stay in U.K., projections show

  15. 12:10a

    BREAKING

    Scotland independence vote: 'No' campaign holds lead

  16. 12:00a

    BREAKING

    Scotland referendum: No still leads Yes by 54%-46%, says BBC

  17. 11:59p

    BREAKING

    Scotland referendum: Glasgow votes in favor of independence

  18. 11:53p

    New York City jobless rate falls to 7.3%

  19. 11:22p

    China loan demand down in third quarter: survey

  20. 11:19p

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  21. Loading more headlines...
Five ways to throw away a fortune
Even the very rich need to be mindful of these wasteful practices.


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Commentary: Bezos squaring off with Elon Musk for space supremacy, writes Therese Poletti.
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Anheuser-Bush InBev is feeling out banks for financing a run at SABMiller. It should also have its antitrust lawyers on speed dial.
How investors can tap into the beer wars

5 extreme ways to succeed on dating sites
From robotic swipe machines to verifying your profile photo.

Five reasons Americans are unhappy
The economy may be improving, but many Americans are still miserable.

/conga/today.html 320232

Markets »

85.30MDow Volume:
Avg Vol: 74.38M
Unchanged
222
Decliners
2518
Advancers
3740
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 17,266 +109 0.64%
Nasdaq
/quotes/zigman/12633936/realtime 4,593 +31 0.68%
S&P 500
/quotes/zigman/3870025/realtime 2,011 +10 0.49%
GlobalDow
/quotes/zigman/629063/realtime 2,611 +0 0.00%
Gold
/quotes/zigman/635641/delayed 1,223 -4 0.34%
Oil
/quotes/zigman/2196857/delayed 93.03 -0.04 0.04%
FTSE 100
/quotes/zigman/3173262/delayed 6,819 +38 0.57%
DAX
/quotes/zigman/2380246/delayed 9,798 +137 1.41%
CAC 40
/quotes/zigman/3173214/delayed 4,465 +33 0.75%
FTSE MIB
/quotes/zigman/1482176/delayed 21,129 +17 0.08%
IBEX 35
/quotes/zigman/2759620/delayed 10,991 +84 0.77%
Stoxx 600
/quotes/zigman/2380150/delayed 348 +3 0.98%
Asia Dow
/quotes/zigman/6959860/realtime 3,213 -2 0.07%
Nikkei 225
/quotes/zigman/5986735/delayed 16,321 +254 1.58%
Hang Seng
/quotes/zigman/2622475/delayed 24,412 +243 1.00%
Shanghai
/quotes/zigman/1859015/delayed 2,328 +12 0.50%
Sensex
/quotes/zigman/1652085/delayed 27,141 +29 0.11%
Singapore
/quotes/zigman/1709939/delayed 3,309 +12 0.35%
Euro
/quotes/zigman/4867933/realtime/sampled 1.29 0.00 0.24%
Yen
/quotes/zigman/4868099/realtime/sampled 109.21 +0.52 0.48%
Pound
/quotes/zigman/4867886/realtime/sampled 1.65 +0.01 0.43%
Australia$
/quotes/zigman/4867876/realtime/sampled 0.90 0.00 0.39%
DXY Index
/quotes/zigman/1652083/delayed 84.44 +0.15 0.17%
WSJ $ Idx
/quotes/zigman/9625991/realtime 76.71 +0.17 0.22%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.65 +0.03 1.23%
German 10y
/quotes/zigman/15866409/realtime 1.06 +0.02 2.32%
Italy 10yr
/quotes/zigman/15866497/realtime 2.38 -0.05 2.01%
Spain 10yr
/quotes/zigman/15866444/realtime 2.17 -0.11 5.01%
U.K. 10yr
/quotes/zigman/15866328/realtime 2.58 +0.06 2.24%
Japan 10yr
/quotes/zigman/15866525/realtime 0.57 0.00 0.38%
Crude Oil
93 0 0.04%
Gold
1,223 -4 0.34%
Corn
/quotes/zigman/3098927/delayed 338 0 0.07%
DJIA F
/quotes/zigman/25835223/delayed 17,252 +74 0.43%
S&P F
/quotes/zigman/21588523/delayed 2,012 +7 0.36%
Silver
/quotes/zigman/635603/delayed 18 0 0.17%

Quotes

Symbol Price Change % Change
FB /quotes/nls/fb 77.00 0.57 0.75%
AAPL /quotes/nls/aapl 101.79 0.21 0.21%
GOOG /quotes/nls/goog 589.27 4.50 0.77%
BAC /quotes/nls/bac 17.04 0.27 1.61%
C /quotes/nls/c 53.66 1.27 2.42%
F /quotes/nls/f 16.58 0.05 0.30%
T /quotes/nls/t 35.16 0.14 0.40%
BP /quotes/nls/bp 46.42 0.19 0.41%
GE /quotes/nls/ge 26.21 0.16 0.61%
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5 yr CD
1.4%
2 yr CD
0.9%
1 yr CD
0.7%
MMA $10K+
0.4%
MMA $50K+
0.6%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 10.60% 10.37% 10.33%
Balance Transfer 12.77% 12.73% 12.66%
Business 12.89% 12.80% 12.98%
Student 13.31% 13.27% 13.27%
Cash Back 14.87% 14.94% 14.84%
Reward 15.01% 15.04% 14.97%
Airline 15.32% 15.46% 15.30%
Bad Credit 22.73% 22.73% 22.73%
Instant Approval 23.33% 28.00% 28.00%
Source:CreditCards.com
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New York Markets Open in:

Futures: /quotes/zigman/21588523/delayed S&P 500 +0.3% /quotes/zigman/25835223/delayed DOW +0.4% /quotes/zigman/21588526/delayed NASDAQ +0.3%

Alibaba’s IPO prices at $68 a share, top end of range
Bloomberg
Alibaba’s IPO price values the company at $168 billion, making it instantly one of the largest listed in the U.S. and giving it a larger market capitalization than Amazon.
Poletti: Alibaba shares not for faint of heart
Alibaba’s structure is ‘dangerous’: Mobius
Alibaba gives insiders chance to sell early
Want piece of Alibaba IPO? Careful now...
Alibaba IPO by the numbers

Oracle’s two CEOs may fuel investor concerns
Larry Ellison   AFP/Getty Images
With Ellison suddenly stepping down, Mark Hurd and Safra Catz will become co-CEOs, a setup that has investors nervous, writes Therese Poletti.
Larry Ellison to step aside as Oracle CEO
Oracle reports earnings of $2.2 billion
Ellison guided Oracle through major shifts in IT
10 things CEOs won’t say
Does Samsung really need three CEOs?

5 big-shots who lied on their resumes
Wal-Mart's David Tovar: 5 big shots who lied on their resumes  Walmart
Wal-Mart’s top spokesman has resigned over a two-decade-old resume lie. Here are five particularly memorable examples of lying leaders.

NFL's domestic-violence plague rages on
 Getty Images
About 12% of NFL player arrests since 2000 involved charges of domestic violence, and according to a USA Today database, the Denver Broncos are the worst offenders.
College football’s most, least expensive towns

20 amazing and affordable post-summer vacations
20 amazing and affordable post-summer vacations  Shutterstock
The fall and winter months can be an ideal time for an affordable adventure.

5 of retail’s most offensive clothing designs
5 of retail’s most offensive clothing designs  Urban Outfitters via Twitter
Outrageous clothing designed by major realtors have been offending people for decades

November surprise: Senate stays in Democratic hands
  C-SPAN
Democrats plan to push such policies as higher minimum wage and college affordability.
Democrats turn on Debbie Wasserman Schultz
Tax-reform talk with Boehner — and wine

Tim Cook: Data safe with us — unlike some people
CUPERTINO, CA - SEPTEMBER 09:  Apple CEO Tim Cook speaks during an Apple special event at the Flint Center for the Performing Arts on September 9, 2014 in Cupertino, California. Apple unveiled the Apple Watch wearable tech and two new iPhones, the iPhone 6 and iPhone 6 Plus.  (Photo by Justin Sullivan/Getty Images)  Getty Images
Apple takes a jab at rivals Google and Facebook in a letter to customers about privacy.
Real reason people wait in line for new iPhones
UBS analyst says Apple Watch will pay off
iOS 8 review: Like a new phone for free

Apple's iOS 8: Time to clear out digital attic
Why iPhone 6's bigger screen is better


Elon Musk: Homes will run on thermostat-like devices
Elon Musk: Here’s what will one day power your house AFP/Getty Images
Elon Musk’s Tesla is working with SolarCity to meet energy-storage needs of solar customers.
Competition for Elon Musk’s SolarCity
Musk sees autonomous car ready in 5-6 years
Need to know
IMF sounds alarm on stock prices with 2 charts
German producer prices decline in August
ECB's Coeure wants German income-tax cut

Senate passes bill to keep government open
McDonald's raises quarterly dividend by 5%
Costco ditches Amex at its Canadian stores
Attackers target 90 brokerages and advisers
Asian stock markets: latest quotes

Home Depot breach bigger than Target’s
The nation’s biggest do-it-yourself retailer says up to 56 million cards may have been hacked.

This high-yield ETF is worth a close look
Dave Fry looks at an income-producing ETF that uses a sophisticated stock-investing strategy.
For gold bugs, it's been an unhappy month

China bigwigs run in fear from MBA school
While in the West, a Executive Masters of Business Administration degree can help your career, but in China, it can land you in prison, or so fear some.
Falling yen is weaker tonic for Japan

Boeing's bumpy 787 launch is now paying dividends
Ten years of setbacks taught Boeing lessons it is now profiting from by taking steps to optimize capital, labor and its supply chain.

Stock, bond traders reading Fed differently?
Bond traders look at Janet Yellen and see a hawk, while stock investors see a dove. Here’s what’s really going on.
Why investors still don’t believe the Fed’s dots

Sears should liquidate: Credit Suisse
Credit Suisse analyst says Sears story "not likely to have a happy ending."

Tesla and 4 other names to watch for market cues
Trading Deck: Keep an eye on these leaders, writes Kevin Marder.
4 stocks to watch from Harry Boxer

7 things you didn’t know about billionaires
Where do the uber-rich live, go to college and make their money?
Five ‘soul- destroying’ jobs
One in 10 Americans’ paychecks gets docked

Sony worth more than the market realizes
Commentary: Much of the bad fundamentals are already baked into the Sony stock at a $20 billion market cap, writes Cody Willard.

Wall Street back to its wicked ways
Opinion: You'd have expected banks and brokers to clean up their acts, says David Weidner.

ECB gets another shove toward QE
First Take: Mario Draghi’s options narrow as banks shun the offering of cheap four-year loans.

Yellen: Poorest in U.S. live in ‘sobering’ conditions
Condition of lower-income families in grim even as the economy recovers, Janet Yellen says Thursday.
Fed data on retirement saving: It’s dismal

Charlie Munger, the Calpers exit and you
RetireMentors: Here's how money-manager shifts affect your ability to retire on time, by Mitch Tuchman.
Arends: Be like Calpers, dump hedge funds
Weidner: Hedge funds are losing their luster
Calpers to exit hedge funds

 
10 stocks for activist investors’ hit list
Analysis: Philip van Doorn spotlights comglomerates that activists could demand better performance from.
10 solid stocks for risk-averse investors

7 reasons to be bullish on Microsoft
Opinion: Jeff Reeves points out ways Microsoft has begun to break out, after having disappointed for so long.
News Corp dubs Google a ‘platform for piracy’

CEO says Pier 1 has been ‘in the dumb camp’
CEO Alex Smith's sobering remarks may be heeded by rivals.
/conga/frontpage.html 320240

Latest News

    /news/latest
  1. 3:25a

    London stocks rise as Scotland votes to stay in U.K.

  2. 3:17a

    Scotland set to stay in U.K. as ‘Yes’ camp admits defeat

  3. 3:06a

    Weir Group, Lloyds Banking, RBS up over 2% on Scotland 'No' vote

  4. 3:05a

    Royal Bank of Scotland jumps 3.3%

  5. 3:02a

    French CAC 40 index up 0.5% to 4,486.69

  6. 3:02a

    Spain IBEX 35 index up 1.6% to 11,164.90

  7. 3:02a

    Asia stocks: Latest quotes

  8. 3:02a

    Stoxx Europe 600 index up 0.9% to 350.79

  9. 3:01a

    FTSE 100 index up 0.8% to 6,868.60

  10. 2:51a

    German producer prices decline in August

  11. 2:51a

    ECB's Coeure pushes forGerman income-tax cut

  12. 2:39a

    Gold slips toward a third weekly loss

  13. 2:17a

    Newscast: Alibaba prices at 68 dollars a share

  14. 1:58a

    Pound jumps as Scotland set to stay in the U.K.

  15. 1:30a

    London stocks poised for a rally on projected Scottish 'No' vote

  16. 1:12a

    U.S. stock futures surge, DJIA futures up 0.5% to 17,267

  17. 1:12a

    S&P 500 futures up 8.2 points, or 0.4% to 2,012.80

  18. 1:12a

    Nasdaq 100 futures up 19.26 points, or 0.5%, to 4,115.75

  19. 1:08a

    FTSE 100 index futures up 1.2% after projected Scottish 'no' vote

  20. 12:33a

    BREAKING

    Scotland votes to stay in U.K., projections show

  21. Loading more headlines...
Five ways to throw away a fortune
Even the very rich need to be mindful of these wasteful practices.


Jeff Bezos wants to take one giant leap for mankind
Commentary: Bezos squaring off with Elon Musk for space supremacy, writes Therese Poletti.
Why so many billionaires are going to space
Musk ‘deeply honored’ by NASA contract

InBev faces antitrust hurdle if it goes after SABMiller
Anheuser-Bush InBev is feeling out banks for financing a run at SABMiller. It should also have its antitrust lawyers on speed dial.
How investors can tap into the beer wars

5 extreme ways to succeed on dating sites
From robotic swipe machines to verifying your profile photo.

Five reasons Americans are unhappy
The economy may be improving, but many Americans are still miserable.

/conga/today.html 320232

Markets »

85.30MDow Volume:
Avg Vol: 74.01M
Unchanged
222
Decliners
2518
Advancers
3740
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 17,266 +109 0.64%
Nasdaq
/quotes/zigman/12633936/realtime 4,593 +31 0.68%
S&P 500
/quotes/zigman/3870025/realtime 2,011 +10 0.49%
GlobalDow
/quotes/zigman/629063/realtime 2,616 +5 0.19%
Gold
/quotes/zigman/635641/delayed 1,223 -4 0.35%
Oil
/quotes/zigman/2196857/delayed 92.91 -0.16 0.17%
FTSE 100
/quotes/zigman/3173262/delayed 6,864 +44 0.65%
DAX
/quotes/zigman/2380246/delayed 9,851 +53 0.54%
CAC 40
/quotes/zigman/3173214/delayed 4,490 +26 0.57%
FTSE MIB
/quotes/zigman/1482176/delayed 21,284 +155 0.74%
IBEX 35
/quotes/zigman/2759620/delayed 11,148 +157 1.42%
Stoxx 600
/quotes/zigman/2380150/delayed 351 +3 0.85%
Asia Dow
/quotes/zigman/6959860/realtime 3,213 -2 0.08%
Nikkei 225
/quotes/zigman/5986735/delayed 16,321 +254 1.58%
Hang Seng
/quotes/zigman/2622475/delayed 24,381 +212 0.88%
Shanghai
/quotes/zigman/1859015/delayed 2,329 +14 0.58%
Sensex
/quotes/zigman/1652085/delayed 27,152 +40 0.15%
Singapore
/quotes/zigman/1709939/delayed 3,307 +10 0.30%
Euro
/quotes/zigman/4867933/realtime/sampled 1.29 0.00 0.15%
Yen
/quotes/zigman/4868099/realtime/sampled 109.09 +0.40 0.37%
Pound
/quotes/zigman/4867886/realtime/sampled 1.65 +0.01 0.51%
Australia$
/quotes/zigman/4867876/realtime/sampled 0.90 0.00 0.34%
DXY Index
/quotes/zigman/1652083/delayed 84.38 +0.09 0.11%
WSJ $ Idx
/quotes/zigman/9625991/realtime 76.63 +0.09 0.12%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.64 +0.02 0.70%
German 10y
/quotes/zigman/15866409/realtime 1.05 +0.02 1.52%
Italy 10yr
/quotes/zigman/15866497/realtime 2.40 -0.02 1.00%
Spain 10yr
/quotes/zigman/15866444/realtime 2.20 -0.09 3.81%
U.K. 10yr
/quotes/zigman/15866328/realtime 2.59 +0.01 0.52%
Japan 10yr
/quotes/zigman/15866525/realtime 0.57 0.00 0.52%
Crude Oil
93 0 0.17%
Gold
1,223 -4 0.35%
Corn
/quotes/zigman/3098927/delayed 338 -1 0.22%
DJIA F
/quotes/zigman/25835223/delayed 17,242 +64 0.37%
S&P F
/quotes/zigman/21588523/delayed 2,010 +5 0.27%
Silver
/quotes/zigman/635603/delayed 18 0 0.15%

Quotes

Symbol Price Change % Change
FB /quotes/nls/fb 77.00 0.57 0.75%
AAPL /quotes/nls/aapl 101.79 0.21 0.21%
GOOG /quotes/nls/goog 589.27 4.50 0.77%
BAC /quotes/nls/bac 17.04 0.27 1.61%
C /quotes/nls/c 53.66 1.27 2.42%
F /quotes/nls/f 16.58 0.05 0.30%
T /quotes/nls/t 35.16 0.14 0.40%
BP /quotes/nls/bp 46.42 0.19 0.41%
GE /quotes/nls/ge 26.21 0.16 0.61%
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Rates »

5 yr CD
1.4%
2 yr CD
0.9%
1 yr CD
0.7%
MMA $10K+
0.4%
MMA $50K+
0.6%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 10.60% 10.37% 10.33%
Balance Transfer 12.77% 12.73% 12.66%
Business 12.89% 12.80% 12.98%
Student 13.31% 13.27% 13.27%
Cash Back 14.87% 14.94% 14.84%
Reward 15.01% 15.04% 14.97%
Airline 15.32% 15.46% 15.30%
Bad Credit 22.73% 22.73% 22.73%
Instant Approval 23.33% 28.00% 28.00%
Source:CreditCards.com
Trending Tickers
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  • /quotes/zigman/6170982/delayed INVN+4.40%
  • /quotes/zigman/714403/delayed SPY+0.53%
  • /quotes/zigman/100117/delayed HIMX+2.35%
  • /quotes/zigman/13139813/delayed SCTY-1.51%
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