Judge won’t force GM to issue ‘park it now’ order

chevrolet cobalt

Owners of the recalled Chevrolet Cobalt won’t have to “park it now.”


A federal court judge denied an emergency motion Thursday that would have required General Motors to tell recalled car owners to stop driving those vehicles.

Plaintiffs Charles and Grace Silvas, the owners of a recalled 2006 Chevrolet Cobalt, had asked the court to force GM to issue a “Park it Now” alert for all of the 2.6 million cars it has recalled due to a faulty ignition switch.

The National Highway Traffic Safety Administration, a federal agency that oversees American automakers, is “far better equipped” to regulate the recall, wrote U.S. District Judge Nelva Gonzales Ramos.

NHTSA has been overseeing the recall and has approved notices issued by GM that say the cars are safe to drive.

GM attorneys, and its

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/S4H_yodFY3k/index.html

3 best podcast apps for easy listening

podcast apps

These apps make it simple to listen in to your favorite podcasts — and discover new ones.


Podcasts are like talk radio, except they’re available on demand and are often a lot smarter.

These three apps make tuning in easy.

BEST OVERALL: Pocket Casts

Cost: $4
Platforms: Apple, Android

This app won top honors for its practical features and simplicity. Pocket Casts has an easy-to-use directory for searching for new shows, and it downloaded episodes to our device faster than any other app we tried.

To learn more about a show, just tap the name of the episode for a pop-up description (swipe it away when you’re done). The app lets you create podcast playlists in two ways: by manually selecting the episodes you want to hear, or by grouping downloads

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/9pD7yyAh5r0/index.html

8 million sign up for Obamacare

Some 8 million people have signed up for health insurance through the Obamacare exchanges, President Obama said Thursday, putting sign-ups above the initial goal of 7 million.

But the final enrollment figure remains to be seen: The White House has not released how many people have fully enrolled, which requires paying their first premium.

The open enrollment period ended on March 31, though people in some states are still able to sign up if they had already begun the application process.

The White House also said that 28% of those signing up on the federal exchange are between ages 18 and 34. The enrollment of young adults is being closely watched since they are presumed to be healthier and less costly, which will help offset the higher expenses generated by older enrollees.

Related: Got Obamacare, can’t find doctors

The success of Obamacare’s initial

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/jILF81UwZAU/index.html

Michaels hack hit 3 million

michaels data breach

A data breach at Michaels craft stores lasted eight months.


A security breach at Michaels Stores lasted eight months and affected about 3 million customers, the company said Thursday.

The news comes three months after the nation’s largest crafts chain told customers it learned of a possible hack. It’s been investigating since then.

Some customers’ credit and debit card numbers as well as expiration dates were compromised, but the company said there is no evidence that information such as a customers’ names or PINs were stolen.

The breach occurred between May 8, 2013 and Jan. 27, 2014 and affected about 7% of transactions made with cards during that time. Not all stores were impacted and a “limited number” of those cards were subsequently used fraudulently, Michaels said.

The Michaels subsidiary Aaron

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/ApLFBDk9o2k/index.html

Wealthy investors flock to fine art funds

art warhol

Art investment funds might choose to invest in “blue-chip” works, such as Andy Warhol’s dollar sign series.


Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle — the art investment fund.

The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit.

Growth in art investing has helped smash records for international art sales, which hit $66 billion last year. And the idea has been catching on with the very rich — a group that already uses collectors’ items and luxury goods as investments — in the years following the global financial crisis.

“People are looking at new areas to invest in, and at the moment art is one of those — it’s making people money,”

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/iKwRDtf2iGE/index.html

Half of Canadians stay in jobs for 2 years: poll

TORONTO – Canadians may have some commitment issues when it comes to their jobs, according to a new poll by employment website Workopolis.

The online survey found that about half (51 per cent) of those polled said they had been in the same job for less than two years, while 30 per cent said they had held one job for more than four years.

That compared with survey results from 1990-2000 where just 16 per cent reported holding that same job for less than two years, and fully 60 per cent who said they had been in the same job for more than four years.

Tara Talbot, vice-president of human resources for Workopolis, said people’s career goals have changed in the last 20 years. Today’s workers appear more willing to “job hop” to find the perfect position rather than stick it out for 30 years in the same place.

“The world in business and

Article source: http://money.ca.msn.com/savings-debt/yourmoney/half-of-canadians-stay-in-jobs-for-2-years-poll-3

Understand your shareholder rights: experts

OTTAWA – It’s the season for company shareholder meetings, the annual chance for shareholders to quiz Canada’s top executives about their investments.

Depending on the company, the annual meetings can range from raucous confrontation to tedious affairs, but the responsibilities for shareholders remain the same — understanding the company’s annual reports and exercising their rights as an owner.

Richard Gilhooley, a spokesman for the B.C. Securities Commission, said it is important for shareholders to fully understand where they are investing their money and read carefully all the documents sent by the companies.

“If there are things about the process that you don’t understand, it would be useful to go and speak with your investment adviser or the person that you’re dealing with in that particular investment,” he said.

“We want people to make informed investment decisions and that includes whether you stay with an investment that you already have.”

Documents sent to shareholders ahead of

Article source: http://money.ca.msn.com/savings-debt/yourmoney/understand-your-shareholder-rights-experts

Mid-cap stocks are getting some love, finally

NEW YORK, N.Y. – Maybe the middle child really should be the favourite.

Just like families sometimes overlook the middle kid, investors all too often pay attention to just the smallest and largest stocks. Managers of mid-cap stock mutual funds say they’ve experienced the middle-child syndrome for years: Small-caps are young companies that offer the thrill of big growth, the thinking goes, while large-cap companies have well-established brands and can be more dependable.

But it’s the middle ones that have delivered the best results over the last generation, at least when it comes to stocks. Managers say that’s because the stocks of mid-cap companies can offer the best attributes of both larger and smaller ones. Investors are now noticing the strong performance, and they poured more money into mid-cap stock funds last year than either large- or small-cap funds. The trend weakened early this year, but mid-cap stock funds again attracted the

Article source: http://money.ca.msn.com/savings-debt/yourmoney/mid-cap-stocks-are-getting-some-love-finally

Five ways to teach your kids the value of a dollar


By Angie Mohr

Financial literacy is one of the most important subjects for a child to learn and carry with them into adulthood, and yet, it is one of the least taught subjects. Kids often learn their money lessons from television, their friends and all of the fractured and unconnected snippets they pick up from their parents. As a parent, you can help your kids start their financial life on the right foot without spending hours every day lecturing them.

Here are five ways to help your children along a fiscally responsible road: 

Here are five ways to help your children along a fiscally responsible road:

Play the Grocery Game
There are many versions of the “grocery game,” and you can even come up with one that is all your own. You can give your children a fixed amount of money and challenge

Article source: http://www.myfoxny.com/story/25265710/five-ways-to-teach-your-kids-the-value-of-a-dollar

Catalog shopping is alive and well

MYFOXNY.COM -

Bonobos is an online men’s clothing store. The company tried something new in 2013 by trying something, well, old. Bonobos mailed to some customers a traditional catalog. The results were very surprising to these Internet retailers: the catalog attracted more customers to the website.

Bonobos’ catalog circulation has now increased. The catalog experiment taught the company some important information about their customers: shoppers spent more time looking at traditional paper catalogs then the clothing line’s website and when customers did order from the catalog they typically spent more money.

In fact marketing experts say many retailers still spend lots of money on mailing you catalogs. Last year, marketers mailed out 11.9 billion catalogs, the direct marketing association says.

So what gives? If we can get everything need from our smartphones or computers why look

Article source: http://www.myfoxny.com/story/25279256/catalog-shopping-is-alive-and-well