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Jony Ive

Apple

Apple promotes design guru Jony Ive

Apple has promoted Jony Ive, its longtime design guru, to the newly created position of Chief Design Officer.

Vatican 'diseases'

Franco Origlia/Getty Images

Vatican bank makes big profit

It's been a good year for the Vatican bank as it works to scrub clean the sins of the past.

Stronger income from trading securities including bonds and a fall in operating expenses drove a sharp rise in profits last year.

Net profits hit €69.3 million ...

Russian space program loses $1.8B

Shutterstock/CNNMoney

$1.8 billion disappears in Russian space program

Russia's space industry is in crisis caused by funding cuts, corruption and "moral decay," government officials said.

Billions of rubles have been lost in shady transactions. Construction projects are languishing. And important launches are failing.

I...

Stock market, Wall Street, oil futures, Dow Jones, NASDAQ

Mario Tama/Getty Images

Smart money is buying energy stocks. Should you?

Forget politics and religion. One of the biggest debates on Wall Street these days is whether oil and energy stocks are toxic or terrific.

Bank of America Merrill Lynch put out a note last week telling clients now is the time to buy. Hedge funds have ...

Ferrari Enzo

Ferrari

Monaco car collector profits from 'flipping' Ferraris

Pieter van Naeltwijck is no ordinary car collector. The Monaco millionaire makes his money in real estate, but brings in a little extra by buying and selling some of the newest, most exclusive cars on the planet.

Company says may or may not make high-tech toy

CNN

Google files patent for creepy teddy bear

Remember Teddy, the super-computer toy, from the film "Artificial Intelligence?" Well, Google might be making one. This week the company filed a patent for a toy that can control other Wi-Fi-connected devices.

Li Hejun's strategy has clouded the future of Hanergy Thin Film Solar

Matt Cardy/Getty Images

China's richest man bet his company's shares would fall

Turns out China's richest man upped his bet that his solar company's shares would fall -- just before a massive crash. Li Hejun raised his short position by 796 million shares in Hanergy Thin Film Solar May 18.

Senate passes trade bill

Senate TV

Senate OKs 'fast track' trade promotion bill

After weeks of tense negotiations on Capitol Hill and heavy lobbying from the White House, the Senate Friday night cleared a major trade bill that is a top priority of President Barack Obama. The vote was 62 to 37.

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Squatters hold California bedroom hostage

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