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Most Talked About Fortune Stories

NBA player to open Hooters in Russia

money.cnn.com — Brooklyn Nets player Andrei Kirilenko, aka AK-47, is introducing Hooters to his native Russia. Andrei Kirilenko, the National Basketball Association player known as AK-47, plans to open five Hooters franchise restaurants in his native Russia. Kirilenko, a player for the Brooklyn Nets, told CNNMoney his first restaurant will open in Moscow on April 26.

Ousted Yahoo exec gets $58 million golden parachute

money.cnn.com — Henrique de Castro's golden parachute is worth nearly $58 million. Former chief operating officer Henrique de Castro left Yahoo with an severance package worth $58 million, according to a regulatory document filed Wednesday with the SEC. The golden parachute is among the most generous in history, and especially notable given than de Castro worked at Yahoo for only 15 months.
RT @CNNJustin: How did a @Yahoo exec who didn't meet performance standards still get a $58 million severance package? money.cnn.com/2014/04/17/tec…
Ditto RT @byHeatherLong: I would definitely be willing to be fired for $58mil: #Yahoo pays ousted exec $58 million money.cnn.com/2014/04/17/tec…
I would definitely be willing to be fired for $58mil: #Yahoo pays ousted exec $58 million money.cnn.com/2014/04/17/tec…
RT @CRrileyCNN: And this jaw-dropper: Ousted Yahoo exec gets $58 million golden parachute money.cnn.com/2014/04/17/tec…
Show 1 more tweet from Charles Riley

Detroit pension cuts hit civilian workers hardest

money.cnn.com — Retired Detroit worker Donald Smith, 69, is facing a 4.5% cut to his pension benefits. As Detroit moved closer to plugging its massive financial hole this week, a stark fact of life was hammered home for thousands of retirees: Civilian employees, including sanitation and office workers, could end up bearing the brunt of pension cuts.
Detroit retirees facing #pensioncuts got good news this week. But not all retirees are celebrating: cnnmon.ie/1eWX6RO via @CNNMoney
Detroit pension cuts hit civilian workers hardest cnnmon.ie/1eWX6RO @melhicken explains why retirees are not being treated equally

Nearly 2 million homeowners no longer 'seriously' underwater

money.cnn.com — Surging home prices have helped nearly two million homeowners get back above water on their mortgages over the past year. During the first quarter, 9.1 million, or 17%, of homeowners were seriously underwater on their home, meaning their debt exceeded the home's value by 25% or more, according to RealtyTrac.
Rise in home prices puts millions of homeowners back above water on mortgages: money.cnn.com/2014/04/17/rea… (via @CNNMoney)
RT @CNNMoney: Good news: Nearly 2 mllion #homeowners are no longer 'seriously underwater' thanks to surging #homeprices. http://t.co/3trATX…

China's spending crackdown hits drinks giants

money.cnn.com — Remy Cointreau said the Chinese government's "anti-extravagance policy" is hurting sales of premium spirits. China's crackdown on extravagant spending by officials is creating a headache for some of the world's biggest drinks companies. Diageo and Remy Cointreau -- the companies behind brands such as Smirnoff vodka and Cointreau liqueur -- said Thursday that China sales were down sharply over the first three months of the year.
RT @AlannaPetroff: The Chinese government's "anti-extravagance policy" is hurting sales of premium alcoholic beverages http://t.co/gibQWVDO…
The Chinese government's "anti-extravagance policy" is hurting sales of premium alcoholic beverages cnnmon.ie/1m9RMCp

Barbie. So not hot right now

money.cnn.com — Toy maker Mattel's earnings disappoint investors as a drop in Barbie sales cuts into revenue.

Is the bull market almost done?

money.cnn.com — There's a divergent trend going on in the stock market. It could signal the end of the current bull market. In the hit movie and novel "Divergent", people are divided into different tribes based on their personalities. If you don't fit in somewhere you're considered "divergent", and that's where the trouble starts for the young heroine Beatrice Prior.

GM's recalled Cobalt was a failure from the start

money.cnn.com — General Motors never really wanted to build the Cobalt, and it showed. The Chevrolet Cobalt, the car at the center of the General Motors recall crisis, was a losing bet from the start. The automaker never really wanted to build the compact sedan, and it showed.

Chemical Processing is the last tenant of the Packard Plant

money.cnn.com — DETROIT (CNNMoney.com) -- Most people assume the Packard Plant in Detroit is vacant. It's an industrial ruin where the last car was manufactured 53 years ago. Almost all the windows are blown out. Collapsed walls litter the overgrown sidewalks with broken bricks, mixed with charred metal and shattered glass.
@MC_NYC been fascinated by the city for years (an old story: money.cnn.com/2009/10/30/sma…) but I visit lots now that my BFF @haimerlad lives there

Goldman Sachs investment banking roars back

money.cnn.com — Wall Street's most gilded firm once again showed why it is just that. Goldman Sachs reported first quarter earnings Thursday that handily beat analyst estimates The firm said revenue from investment banking, which includes such activities as advising mergers and acquisitions and underwriting initial public offerings, was the highest since 2007 -- before the financial crisis.

Chipotle's 'Burrito boom' continues, but prices are going up

buzz.money.cnn.com — The burrito business is booming, but rising commodities prices are taking a bigger bite. Chipotle Mexican Grill ( CMG) is proving to be one of the best at bringing burritos to the masses. The fast food restaurant chain earned $83.1 million, or $2.64 per share, in the first quarter.

Cruise companies on the hunt for China's tourist dollars

money.cnn.com — Royal Caribbean Cruises will base its newest ship in Shanghai, the latest move in a race to capture big tourism dollars flowing out of China. The ship, Quantum of the Seas, will make its home in China in 2015, after spending its inaugural winter season sailing out of New York.
RT @CNNMoney: .@RoyalCaribbean is basing its newest ship in Shanghai, the latest move to capture big tourism dollars from #China. http://t.…

5 people you might not tip (but should)

money.cnn.com — It starts with an awkward moment. A business transaction happens, and it's hard to know what to do next -- is a thank you enough? A handshake? Or is it a good time to slip somebody a few bills? It depends on the service provided.
Not if I have to wait all day RT @FromCarl: Is the cable guy on your list? 5 people you might not tip (but should) cnnmon.ie/1ioSIQb
Is the cable guy on your list? 5 people you might not tip (but should) cnnmon.ie/1ioSIQb
RT @CNNMoney: Would you tip your #cableguy? Avoid that awkward moment. 5 people you might not #tip (but maybe should). http://t.co/ufAeLxU…
Show 1 more tweet from Nina dos Santos

Election optimism drives India markets despite pitfalls

money.cnn.com — Indian markets are riding high as investors bet that an election and new administration will cure some of the country's economic ills. Mumbai's benchmark Sensex index has trounced its Asian peers in recent months, hitting a record high last week and gaining 7% since the start of the year.

Google stock sinks after missing Street

money.cnn.com — A smartphone runs Google's Android software. Investors are getting impatient with Google over its mobile marketing strategy. Google shares sank 6% in after-hours trading Wednesday after the company posted first-quarter earnings and sales that missed expectations. Of particular concern was a 9% drop in payments from marketers per ad on Google sites.
Google misses earnings, sales expectations as mobile struggles continue: cnnmon.ie/1j23Jom (via @CNNMoney)