Business: Latest Financial Topics from CBS News

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, March 1, 2016. REUTERS/Staff

Here is the latest in Business from CBS News.

How much retirement income do you really need?
Despite all of the financial advice out there, it’s tricky to figure out how much money retirees need to live on

Trump, Cruz, Sanders want 5% GDP growth. Good luck
Their promises to turbocharge the U.S. economy are dubious given sluggish productivity increases and other trends

House flipping back in vogue, after four years of declines
More investors are betting on buying, rehabbing and selling property, but one expert says it’s not as easy as shown on TV

Fed: U.S. economy is growing, but unevenly
Parts of the country with significant manufacturing and energy sectors are lagging other regions

$25 Apple Watch comes with a major catch
Some companies are offering the popular device as an incentive, but there’s a trade-off

Car insurers want to watch you breathe, sweat, swear
State Farm’s futuristic patents foretell a world where insurance companies watch drivers’ every move behind the wheel

U.S. issues new e-cigarette regulations for airlines
Regulations designed to eliminate confusion over whether previously existing ban on tobacco products actually include e-cigarettes

Billionaire dies in car crash a day after indictment
Oklahoma police confirm death of former CEO of Chesapeake Energy, who’d been accused of rigging bids for oil and gas leases

Survey raises questions about corporate cybersecurity
As tech leaders gather for RSA Cybersecurity Conference, a new study suggests companies are not prepared to handle cyberattacks

​Meet the world’s youngest billionaires
At just 19 and 20 years old, these Norwegian siblings are worth $1.2 billion each

Lawmakers take closer look at potential crowdfunding scams
Neighbor who set up website to cover funeral expenses for 13-year-old accused of pocketing one third of the money raised

Sports Authority goes bankrupt
Retailer files for Chapter 11 and will close or sell about 140 stores while it tries to restructure

Lax oversight could lead to crowdfunding fraud
The people who should get the money don’t always wind up with the funds they deserve

Asian markets soar after Wall Street’s big rally
Most European markets are just slightly higher on Wednesday, and U.S. shares appear set for a muted opening

Facebook’s Sheryl Sandberg betting on small businesses
Facebook is revealing that 50 million small businesses now have pages. Three million of them are paid advertisers

Denver tops best places to live in U.S.
U.S. News & World Report reveals its list of the best places to live in the United States, ranking the country’s 100 largest metropolitan areas

How J.C. Penney returned from the brink
Nearly written off a few years ago, the venerable retail chain has made remarkable strides and may be poised for more

Private sector job creation stays in “high gear”
ADP’s February report finds the U.S. labor market added a better-than-forecast 214,000 jobs, led by services

Stocks edge lower in early trading on Wall Street
Financial markets dip in early trading after previous day’s surge; Monsanto shares slide on weak outlook

​Wall Street’s best and worst stocks in February
The month was a disappointment overall, but if you owned Groupon or Fossil, to name two, you were cheering

First time in 16 years, this tops consumer complaints
The FTC has compiled its 2015 list of complaints, and of the more than 3 million it got, this category took the honors

Facebook sees big spike in small businesses paying to advertise
First on “CBS This Morning,” the tech giant reveals how many small businesses now have pages on Facebook, with hopes of boosting their bottom line

Best and worst U.S. states for retirement
Thinking of where around the country you might retire? Consider looking beyond the usual hot spots

Some jobs seem riskier when it comes to heart health
In sales? Management? A customer service job? A new study look at what it may mean for your heart

​America’s $3 billion cancer drug problem
When drugmakers sell large-dose vials, it leads to higher profits but waste for patients who pay for what they don’t need

Court revives fraud case against Trump University
Civil suit seeks at least $40 million in restitution from the presidential candidate and the now-defunct for-profit school

U.S. auto sales have a hot February
Shoppers shook off the snow and bought some 1.36 million vehicles, especially SUVs and pickups

Forbes 2016: World’s Top 10 Billionaires
Here’s a look at the top 10 billionaires from Forbes magazine’s feature on 1,810 billionaires around the world with a total net worth of almost $6.5 trillion

Meet the world’s richest people of 2016
Of 1,810 billionaires around the world with a net worth of nearly $6.5 trillion, Forbes’ annual list on them puts an American up top

Coolest cars at the Geneva Motor Show
Hot concepts and luxury cars make a splash at the 86th International Motor Show

China’s factories lose more momentum
Chinese officials seek to cushion hit from ongoing manufacturing slowdown by easing financial conditions

U.S. economy has some spring in its step
Latest data shows a nice rebound, which is surely good news for workers even as it makes the Fed’s choices harder

Bill Gates tops Forbes 2016 list of world’s billionaires
Forbes magazine’s 2016 list of billionaires features 1,810 billionaires around the world, down 16 from last year

​World markets climb on China’s eased lending rules
March is starting strongly in Asia and Europe, with Wall Street looking up as well

​China’s boffo box office beat North America last month
The movie-crazy country is set to become the world’s largest film market as soon as next year

Barclays shares dive amid restructuring, profit dip
London-based firm’s plan part of new rules meant to keep people’s savings secure in the event of another financial crash

​Iran: We need private auto industry, foreign partners
President Hassan Rouhani calls for ending the government monopoly in carmaking: “Partnership will drive us ahead”

Wall Street bounces back after monthly losses
Stocks advance in starting the month of March on an optimistic note, with the price of crude maintaining above $33 a barrel

3 reasons Warren Buffett is optimistic about economy
The billionaire flatly rejects the economic pessimism that the Republican presidential candidates are campaigning on

8 of the world’s most luxurious houseboats
These mansions on water have high-end features you wouldn’t believe — and price tags to match

Are you a retirement “have” or a “have not”?
If you can possibly avoid it, you don’t want to be among the 40 percent of Americans who have no retirement savings at all

The case for infrastructure spending — now
Current conditions are still perfect to start fixing the country’s crumbling vital underpinnings but won’t be forever

Here come self-driving cars? Maybe not so fast
AAA finds a surprising 75 percent of drivers distrust technology that promises to let a computer drive your car

Apple, FBI to face off in Congress over locked iPhone
At congressional hearing, Apple and top law enforcement officials will be grilled about security, privacy, and the San Bernardino gunman’s phone

​Cash-starved Pemex slashes spending and oil output
The cutbacks are part of Mexican state-owned oil giant’s effort to preserve liquidity in the face of oil’s collapse

How China does pink slips: 1.8 million at a time
With the country’s economy shrinking, the Chinese government is said to be planning a massive wave of layoffs

​For stocks, February goes out with a slide
After Monday’s drop on Wall Street, the S&P and Nasdaq ended the month lower, while the Dow scratched out a small gain

​The growing food fight among meal-kit companies
Shipping all the ingredients and recipes for ready-to-cook-at-home meals is becoming a fiercely competitive business

Citigroup receives subpoena regarding FIFA probe
As corruption probe widens, federal prosecutors are looking at banks that soccer officials may have used to transfer cash

Subway to ensure ‘Footlongs’ measure up after lawsuit
“It was difficult to prove monetary damages, because everybody ate the evidence,” says attorney involved in case

Sticker shock: AARP says drug prices doubled in 7 yrs
Advocacy group for senior citizens finds retail prescription costs increasing six times faster than inflation

At unmanned convenience store, all you need is a phone
In Sweden, a 24-hour food store doesn’t have any cashiers – customers just use their smartphones to enter and pay

Magic Kingdom adopts surge pricing for visitors
Shift at Walt Disney’s parks to higher-priced “demand-based” tickets cast as crowd control effort at California, Florida sites

Wall St. welcomes back Valeant CEO with stock dump
News of pharma exec’s return to embattled company after lengthy illness greeted with wave of selling of Valeant shares

​A new twist on a W2 tax scam
Fraudsters want to get tax filers’ data any way they can, including through CEOs and HR departments

IRS: Personal info of over 700K may have been stolen
Hackers used the “Get Transcript” program, which allows you to check your tax history online

Carbon-capture: A big test for cleaner air is coming
It’s two years late, but a Mississippi power plant will soon deploy technology that could help stem global warming

Cancer fears hit Lumber Liquidators’ profits
Flooring maker’s fourth-quarter earnings plunge after health officials said some of its products raised cancer risks

Buffett: Eonomy weaker than he expected but growing
Billionaire investor says he’s optimistic about country’s long-term prospects and can’t predict impact of negative rates

World stocks sink on global growth concerns
Investors eye meeting of finance ministers in China for signs they will coordinate to spark economic activity

China moves to shore up slowing growth
As the country’s economy decelerates, Chinese officials hope to encourage banks to boost lending

​4 stocks that can help you cope in today’s volatility
Investors need a strategy for thriving in uncertain times, and these big-cap stocks could be part of the plan

Undocumented own U.S. homes, pay billions in taxes
In some states, they own up 46 percent of all homes, and state and local governments net $11.6 billion in taxes

When couples should file separate tax returns
Under certain conditions — like these — your overall tax bill will be lower if you go it alone instead of jointly

Maserati SUV to headline Geneva Motor Show
Sport utes are all the rage, with new subcompact models from Audi and Volkswagen also on display this week in Switzerland

With investors fearful, stocks poised for more gains
Equities have rallied for two weeks straight despite widespread pessimism, and that trend could hold for a while longer

Starbucks to open first shop in Italy
It’s a symbolic move for the 45-year-old company and its CEO, Howard Schultz

Feds sue popular NYC electronics store for discrimination
Labor Dept. says B&H made Hispanic workers use “separate, unsanitary and often inoperable restrooms”

Warren Buffett wades into presidential race in annual letter
Berkshire Hathaway leader says candidates are “dead wrong” about something he says they can’t stop talking about

MoneyWatch: U.S. economy beats expectations; Mercedes-Benz swapping out robots
The Commerce Department says the gross domestic product did better than expected at the end of 2015

The “Oprah Effect” proves elusive for Weight Watchers
Since buying a 10 percent stake, she hasn’t given the company the dramatic transformation Wall Street wanted

What “bombshells” lurk in Trump’s tax returns?
The Donald won’t release filings, citing “years” of IRS audits. Maybe these top tax ploys by real estate moguls are in there

Apple loses appeal in patent dispute with Samsung
South Korean smartphone maker scores a victory in long-running patent battle with iPhone manufacturer

Expired food: Why waste it when you can sell it?
Markets in Denmark and the U.S. seek to end hunger and reduce waste by selling expired food, but not everyone’s buying

Cook defends Apple’s resistance in FBI iPhone case
Shareholder meeting comes a day after tech giant formally challenged a court order to help Feds in case of murderous extremist

Exec, 2 firms plead guilty to mislabeling cheese
Target among retailers that sold mislabeled grated parmesan and romano made only with other cheeses and wood pulp filler

​Consumers could be giving U.S. growth a needed kick
With fourth-quarter 2015 GDP revised a bit higher and Americans spending more in January, 2016 has some new hope

Can Johnson & Johnson recover from talc dust-up?​
Alarm is spreading after a court awarded substantial damages in a talc-safety case tied to ovarian cancer, and J&J’s response isn’t helping

Wall Street extends gains, following global shares
Stocks on track for second week of gains on encouraging economic news in U.S. and word that China won’t devalue its currency

Consumer spending up solid 0.5 percent in January
Americans boost expenditures at the fastest pace in eight months, while incomes increased by the most since June

U.S. consumer sentiment slips in February
Americans lost a little confidence this month amid worries that slowing economic growth will hurt the job market

Why pay is lagging: Smartphones aren’t that smart
A provocative new book points to technology in arguing that the U.S. economy’s best days are behind it

Where’s the beef? Arby’s to go “vegetarian” for a day
Chain says it’s offering an olive branch to those who don’t eat meat, but the gimmick may not be embraced by non-carnivores

Global stocks gain following reassurances from China on yuan
Dow and S&P futures both rose 0.6 percent, suggesting an upbeat start to trading

​Apple: FBI seeks “dangerous power” in fight over iPhone
Company asks federal magistrate to reverse her order forcing it to create software to help Justice Dept. hack into terror suspect’s locked smartphone

Are you working for free on leap day?
February 29 falls on a Monday this year, making it just another workday for most people — but do you get paid for that extra day?

Lagarde, other finance VIPs urge action on reforms
Officials at G20 urged governments to speed up job-creating reforms instead of relying on stimulus to perk up slackening growth

Economy grew 1% in 4th quarter, but news not all good
Gross domestic product rose more than expected in the final quarter of 2015, but inventories may curb growth in first quarter

5 things to know about a possible “Brexit”
Here’s a broad look at the risks investors and businesses are worried about

Are CEOs overpaid? Not compared with college heads
The average pay for a college president in the U.S. is more than twice what the typical corporate chief executive takes home

Is Sears heading for the recycling bin?
How do you ruin an American icon? Just ask CEO Eddie Lampert and millions of disaffected shoppers

When to buy what: A month-by-month guide
For those willing to wait, there’s a best time of year to buy all kinds of things, from TVs to bathing suits

Hoverboards and e-cigarettes share common danger
Demand to make products cheaper and more powerful has led some companies to cut corners, engineering professor says

Lands’ End apologizes for feature on Gloria Steinem
Wisconsin retailer cuts references to political activist from site after complaints from customers opposed to abortion rights

​U.S. stocks post solid gain on rising oil prices
Beaten-up energy companies and banks rebounded somewhat on the strength of higher oil prices

Zuckerberg: Don’t efface “Black Lives Matter”
Facebook CEO says it’s investigating repeated instances of “malicious” writings on the company’s “free expression” walls

Even Wall Street struggling to read tough market
Stock market losses and market volatility is confounding the experts — here’s why that could be a signal to buy

Judge orders VW to find fix quick for dirty cars
Clock is ticking for German auto giant to say how it will bring diesel vehicles into compliance with clean-air laws

Watch out for phishy emails during tax season
Scammers target taxpayers online; here’s what to look out for

SeaWorld CEO: Employees posed as activists to spy
Theme-park operator admits it infiltrated an animal rights group that has criticized its treatment of whales

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