Christian Science Monitor | Business

Steve Cohen gets subpoena in US insider trading probe

Steve Cohen has received a subpoena to testify before a grand jury in a federal insider trading investigation at his hedge fund, SAC Capital Advisers. Steve Cohen's subpoena puzzles defense lawyers.

Eleanor Mustang sold for $1 million. Used in 'Gone in 60 Seconds' film.

Eleanor Mustang sold for a staggering $1 million at an Indianapolis auction last week. The 1967 Eleanor Mustang sold was used in the 2000 film 'Gone in 60 Seconds.'

Ford rises, Prius falls in hybrids' solid start to 2013

Hybrids and plug-ins together took 3.71 percent of the US auto market last month, Voelcker writes, just 0.01 percent below their all-time high share of 3.72 percent last December. The more hybrids and plug-ins that are sold, the more economies of scale can kick in to lower their component costs, from lithium-ion cells to electric traction motors.

Stocks mixed in slow start to week

Stocks fluctuated between small gains and losses on Wall Street for most of Monday. Small-company stocks are doing well because they are less exposed to recession-plagued Europe than the large international stocks that make up the Dow and the S&P 500 index.

Could UK claim title of Europe's biggest economy?

Speculation that the UK could become Europe's biggest economy is wishful thinking, Karlsson writes. Germany is far more competitive than both Britain and France and will outperform both, as it has done in recent years.

Robert Griffin III fans buy everything off QB's wedding registry

Robert Griffin III is getting married this summer, and like most future newlyweds, he and his fiancee registered for wedding gifts. Unlike most couples, their Bed Bath and Beyond registry has been almost completely bought up – by fans of the Redskins quarterback.

Yahoo-Tumblr deal: a bold and risky purchase (+video)

If CEO Marissa Mayer can make her $1.1 billion acquisition of Tumblr work, Yahoo's prospects will brighten. But Yahoo-Tumblr are very different companies with audiences that don't match up well.

How corporations pressure government into tax breaks and subsidies

Google, Amazon, Starbucks, every other major corporation, and every big Wall Street bank, are sheltering as much of their US profits abroad as they can, Reich writes, while telling Washington that lower corporate taxes are necessary in order to keep the US 'competitive.'

Jamie Dimon: Will unhappy investors let CEO keep his job?

Jamie Dimon, the embattled chairman and CEO of JPMorgan Chase, faces a shareholder vote this week on whether he will be allowed to keep both jobs. Shareholders want the biggest US bank to strip Jamie Dimon of his chairman job after a damaging trading loss last year.

Toyota class-action suit worth up to $1.6 billion on the way

Toyota had to recall millions of vehicles with breaking problems in 2010, and a class action lawsuit worth up to $1.6 billion will be decided next month.

Six ways to save on moving day

Moving is a hassle, to the point where many people prefer a trip to the dentist. But these money-saving strategies can make moving a little cheaper.

Will Pinterest ruin your wedding?

As wedding costs rise, gap grows between expectations and budget. Some blame the high aspirations set by image-rich social websites, like Pinterest.

Are you a weddings expert? Take the quiz.

Think you know weddings? Take this comprehensive 21-question quiz to test your knowledge on a wide array of wedding-related topics, including the origins of certain customs, who pays for what, and fashion – what the heck is a 'fascinator,' anyway?

Teach kids personal finance through experience: six tips

When teaching older children and teenagers about personal finance, experience is key. Here are six real-life experiences that can get them on the right financial track.

Facebook IPO: a bittersweet one-year anniversary

One year after the disastrous Facebook IPO, the company is making strides in mobile ad revenue, but its stock price is still far below its original IPO price. Also this week: Consumer sentiment hits six-year high; retail sales rise unexpectedly; and the world has a new (old) richest person.

Florida shortens yellow lights, traffic tickets soar

Florida recently shortened the legal length for yellow lights, and red-light cameras generated $100 million for the state last year. But shorter yellow lights could pose a safety threat.

Milwaukee bra ban is lifted after publicity campaign

Milwaukee bra ban: A Milwaukee city inspector cited a bowling alley and bar for hanging dozens of bras from the ceiling as a fire hazard. But the owner used publicity to get the bra ban lifted.

Will Amazon raise its prices?

Razor-thin margins and several new investments led to a profit loss for Amazon in 2012. Will Amazon's shoppers pay the price?

Gold loses value. Gold mining stocks plunge.

Gold loses 1.6 percent in the spot and futures markets, hovering near lows set in April. But the GDX, the ETF for gold miners, loses 4 percent and now stands at lowest point since December 2008.

Stocks gain on good economic news

Stocks closed higher on Wall Street for a fourth straight week Friday. Consumer confidence and other economic indicators rose, giving stocks a boost.