When Should Kids Get Cell Phones?

Every parent of a young child today knows the dilemma: When is your child old enough for a cell phone? A computer? A TV in their room? Good questions, and while the scientific and psychological consensus tends to skew toward encouraging later adoption of gadgetry (12 years old is a common figure for My First […]

Fraud-Alert Service Pays $12 Million Settlement

Lifelock, the company that brazenly broadcast its chief executive’s Social Security number as part of its claim that it could protect anyone against identity theft, agreed on Tuesday to pay $12 million to settle charges that it misled consumers about the effectiveness of its service. The settlement, announced by the Federal Trade Commission and a […]

Things Your Mechanic Won’t Tell You

1. “You might be in the wrong garage.” There are many choices as to where consumers can take their car when it’s in need of maintenance or repair. Those include going to the car dealer, a department or chain-store franchise, or an independent mechanic at a service station. Where you should go depends on what […]

10 Biggest Bankruptcies In U.S. History

Lehman Brothers Assets upon filing: $691 billion Date of filing: Sept. 15, 2008 Description: Investment bank What happened next: Within days of its filing, Lehman’s North American business was taken over by UK bank Barclays; Japan’s Nomura Holdings snagged its international operations. Washington Mutual Assets upon filing: $328 billion Date of filing: Sept. 26, 2008 […]

Beware of These ‘Dirty Dozen’ Tax Scams

As the tax deadline draws near, the Internal Revenue Service wants you to beware of fraudulent tax preparers, hidden offshore bank accounts and offers that seem too good to be true. In its “dirty dozen” list, released Tuesday, the IRS urged taxpayers to avoid falling prey to — or carrying out — a number of […]

The World’s Most Powerful People

The 67 heads of state, criminals, financiers and philanthropists who really run the world. “I love power. But it is as an artist that I love it. I love it as a musician loves his violin, to draw out its sounds and chords and harmonies.” — Napoleon Bonaparte Power has been called many things. The […]

Pay Garnishments Rise as Debtors Fall Behind

When the bank sued Leann Weaver for not paying her credit card balance, her reaction was typical for someone in that situation. Personal and financial setbacks weighed her down, and she knew she owed the $2,470. So she never went to court to defend herself. She was startled by what happened next. When she swiped […]

IRS Holds $1.3 Billion in Unclaimed Refunds

Forget about your 2009 tax return for a minute. If you didn’t file one for 2006, you might be missing out on some money from back then. But you’re quickly running out of time to claim it. Three years ago, more than 1.4 million individuals apparently decided they had better things to do than file […]

World’s Billionaires 2010

Carlos Slim Helu takes No. 1 spot on Forbes World’s Billionaires list as a record 164 10-figure titans return to the ranking amid the global economic recovery. For the third time in three years, the world has a new richest man. Riding surging prices of his various telecom holdings, including giant mobile outfit America Movil […]