With the cost of attending a four-year college easily inching into the six figures these days, you might be tempted to dip into your retirement savings to help cover your child's education. But by doing so, you could be making a costly mistake.
On December 11th, 2008, the FBI arrested Bernie Madoff for orchestrating the largest Ponzi scheme in history. How did Madoff get so much trust, money and power in the first place? How did it all go so terribly wrong?Read more: Five Years Ago Today Bernie Madoff Was Arrested For Perpetrating A $65 Billion Ponzi Scheme
Despite being the third richest person in Japan with a net worth of $8 billion, you've probably never heard of Hiroshi Mikitani or his massively successful internet empire called Rakuten.Read more: Hiroshi Mikitani Has Made $8 Billion Off An Internet Empire You've Never Heard Of
In the 1990s, Jordan Belfort bilked thousands of clients out of hundreds of millions of dollars. His life is the subject of the upcoming Leonardo DiCaprio/Martin Scorsese film "The Wolf of Wall Street".Read more: The Incredible Rise and Shocking Fall Of Jordan Belfort – The Wolf Of Wall Street
Nov. 20 - Slovak engineer Stefan Klein says he's fulfilling his childhood dream, designing a flying car he hopes will soon be ready for commercialisation. Klein says he sees the greatest potential for his invention in countries with poor transport infrastructure. Rob Muir has more.
Oct. 1 - Japan's biggest mobile carrier, NTT DoCoMo, has developed glasses that automatically translate foreign languages. It's hoped the glasses, unveiled by the company this week, will make life easier for foreigners visiting Tokyo during the 2020 Summer Olympic Games. Rob Muir reports.
Sept. 24 - Non-profit groups aiming to replace Africa's deadly kerosene lamps with safe, solar alternatives say their campaign is gaining momentum. The award-winning Solaraid project says the dangerous lamps could be eliminated from the continent by 2020. Jim Drury has more.
Sept. 19 - A group of Austrian students has designed a quadcopter which flies autonomously using only the computing power of a smartphone. The reasearchers say the drone could one day be used for search and rescue scenarios or fighting fires without putting humans in harm's way. Jim Drury reports.
Sept. 9 - Scientists at British technology firm, Cambridge Silicon Radio, say they've devised the world's thinnest keyboard. Just half a millimetre thick, the device could be available to consumers within a year. Jim Drury has more.
Aug. 19 - Scrambling for credit cards or mobile phones at the checkout counter could become a thing of the past as a Finnish company readies to launch the world's first face recognition payment system. Tara Cleary reports.
Aug. 13 - Does the call of nature hold the answer to a new form of renewable energy? Scientists in the UK are confident that it does. With backing from both the British government and the Bill and Melinda Gates Foundation, the researchers have developed a method for charging mobile phones with human urine. Matthew Stock reports.
The real estate industry has ramped up its attack on rules making it harder to borrow, but its challengers face a big obstacle — mortgage restrictions are working exactly the way the government wants them to
NEW YORK, Dec 11 (Reuters) - The euro rose for a seventh straight session against the dollar on Wednesday, driven by a combination of higher money market rates and a growing belief that the European...
Nov. 11 - Australia's car industry may be under threat after General Motors announced it will stop making cars in Australia by 2017 due to high costs and a cripplingly strong currency. As Joanna Partridge reports it's fuelled fears that rival Toyota might follow suit.
Nov. 11 - Another sales boost for Zara owner Inditex. The world's largest clothing retailer reported a 10 percent increase in the first six weeks of the fourth quarter. But as Hayley Platt reports nine month profit was flat.
Dec. 11 - Democratic and Republican negotiators agree a deal to set spending levels until 2015, in a bid to avoid a government shutdown in January. And RBS finance chief quits ... after just ten weeks.