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Updated: 42 min 11 sec ago

Most Expensive U.S. House Fetches $120M

Sat, 04/12/2014 - 12:04pm

Cooper Beach Farm, a property in Greenwich, Conn., was just sold, and takes the title as the most expensive residential listing ever. The property includes two private islands, a pool, formal gardens and more. TODAY’s Jenna Wolfe reports.








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Detroit Bankruptcy Judge OKs Key Debt Settlement With Banks

Fri, 04/11/2014 - 8:33pm
A federal bankruptcy judge approved Detroit's plan to settle a bad multimillion-dollar pension debt deal with two banks, a key to restructuring the city 's debt.Judge Steven Rhodes signed off on the agreement on Friday to pay $85 million to UBS and Bank of America.






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Document: GM Engineer OK'd No New Part Number in Ignition Switch Fix

Fri, 04/11/2014 - 8:02pm
A GM engineer who approved a change to faulty ignition switches in models that have now been recalled also appears to have signed off on not issuing a new number for that changed part, according to an internal company document made public on Friday.






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FBI Investigating Herbalife, Sources Say

Fri, 04/11/2014 - 7:15pm
The FBI is investigating Herbalife Ltd., the nutrition and weight loss company that hedge fund manager William Ackman has called a pyramid scheme, sources familiar with the investigation said Friday.






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Most Expensive U.S. Home Sold for $120 Million

Fri, 04/11/2014 - 6:28pm
When it first hit the market in May 2013 for $190 million, Copper Beech Farm in Greenwich, Conn., was the most expensive residential listing, ever. Even though it sold for about a third less than the original ask – for $120 million, CTNews.






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Stocks Slide A Second Day, Dow Off 140 points, Nasdaq Loses 1%

Fri, 04/11/2014 - 4:55pm
Stocks declined sharply for a second day on Friday, with the Nasdaq tallying its third weekly drop, after JPMorgan Chase posted disappointing earnings and Gap reported a decline in sales.






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House Panel Chairman Cites 'Failures' Related to GM Recalls

Fri, 04/11/2014 - 4:24pm
A U.S. congressional committee on Friday said there were "failures within the system" over the handling of flawed ignition switches in General Motors Co. vehicles, which have been linked to 13 deaths.






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NASA Needs Federal OK to Study GM Ignition Flaw

Fri, 04/11/2014 - 2:36pm
NASA says it's not helping GM with the technical issues surrounding an ignition switch defect that has sparked the recall of 2.6 million vehicles — but it stands ready to assist other federal agencies with their investigations.






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Jet Lagged? New App May Help Reset Body Clock

Fri, 04/11/2014 - 2:20pm
Lots of apps claim they can help you fight jet lag. Now Michigan researchers say mathematical formulas suggest it's possible to adjust to new time zones a bit faster than previously thought, and they created their own free app to help.Doctors have long said exposure to light is key.






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Ohio Geologists Link Seismic Activity to Fracking

Fri, 04/11/2014 - 1:49pm
State geologists in Ohio have for the first time linked earthquake activity in the Marcellus Shale basin to hydraulic fracturing, confirming the suspicions of activists pushing for drilling limits in the interest of public health.






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Save the Date: Hotels Rush to Create 12/13/14 Wedding Packages

Fri, 04/11/2014 - 1:34pm

The auspicious date, already a popular day for weddings, is the last sequential calendar date in this century.








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God Just Wants Some Credit, So He's Suing Equifax

Fri, 04/11/2014 - 1:34pm
Give God some credit. He might own a cash-for-gold store, but a New York man says he can’t get credit because his first name is God.God M.






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One Week Left to Eat a Subway 'Yoga Mat' Sandwich

Fri, 04/11/2014 - 12:47pm
No longer will customers feel the urge to say "Namaste" upon whiffing the odor of a freshly baked Subway sandwich loaf.






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Who Pays America's Highest (and Lowest) Property Taxes?

Fri, 04/11/2014 - 12:47pm
The second biggest cost of home ownership — following the mortgage — is usually property taxes. In 2012, U.S. homeowners paid an average of about $2,800 in property taxes, according to a recent Zillow study.






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Uncle Sam Takes Refunds to Pay Ancient Debts: Commentary

Fri, 04/11/2014 - 12:16pm
The government is now going through old records to see if it overpaid people on Social Security. If it thinks it did, it can now seize the IRS tax refund checks of the CHILDREN of those people it thinks it overpaid.This isn’t a proposal -- it’s already happening.






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It's Fast, and at $280K Furiously Expensive

Fri, 04/11/2014 - 10:59am
The British are giving the Italians and Germans a run for their money in the supercar race.McLaren Automotive this week is rolling out its latest entry in the increasingly crowded supercar field: the 650S.






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Car-hacking: A New Fear For Drivers of Tech-Loaded Vehicles

Fri, 04/11/2014 - 10:59am
Add car-hacking to the list of motorists' fears.A University of Michigan survey shows that Americans are nervous about whether new computer technology in vehicles could be hacked and the data stolen.






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BlackBerry CEO: Reports of Our Phones' Death Are Greatly Exaggerated

Fri, 04/11/2014 - 10:59am
No, BlackBerry isn't planning to exit the phone business, despite reports this week.Reuters published a report Thursday saying BlackBerry "would consider exiting its handset business if it remains unprofitable," quoting company CEO John Chen.






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Dow Drops 80 More Points One Day After Big Tech Sell-Off Slump

Fri, 04/11/2014 - 9:57am
Stocks slumped at the opening on Friday, extending the prior day's technology-driven rout, after JPMorgan Chase reported a far weaker-than-expected quarterly profit.The Dow Jones Industrial Average, which dropped 266 points on Thursday, was 80 points down in early morning trading.






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Inflation Rears Its Head as Food Prices Rise Again

Fri, 04/11/2014 - 9:42am
U.S. producer prices recorded their largest increase in nine months in March as the cost of food and services rose, pointing to some pockets of inflation at the factory gate.The Labor Department said on Friday its seasonally adjusted producer price index for final demand increased 0.






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