Business Top Stories

Big diamond

Alrosa press service

China drives global diamond jewelry sales to $79 billion

A diamond is forever ... especially in China.

Global diamond jewelry sales hit a record $79 billion last year, led by strong interest from the Chinese for the rare gem, according to a report from De Beers.

Polished diamond sales in China rocketed by ...

Scotland independence crowd

REUTERS/Dylan Martinez

Scotland should avoid Quebec's fate

Scotland's clear rejection of independence has eased fears that it could suffer the kind of decline seen in Quebec after it failed to break away from Canada.

Quebec held two votes on independence -- in 1980 and then again in 1995 -- and in their wake...

Alibaba IPO

REUTERS/Carlos Barria

Hot startups not following Alibaba to Wall Street

Bankers advising Alibaba on its IPO aren't charging top dollar, but they are thrilled for whatever fees they can get. That's because high-profile startups are shunning IPOs, turning to private investors for cash.

Take just two high-profile startups: U...

Oracle CEO Larry Ellison

Robert Galbraith/Reuters

Larry Ellison: The billionaire with the shiniest toys

Larry Ellison, the top-paid CEO and fifth-richest person in the world, now has a bit more time to live his extraordinarily glamorous life.

It's not exactly a retirement for the 70-year old Oracle founder. He stepped down as Oracle's CEO but became the...

Dipjar

Aaron Smith/CNN Money

Digital tip jar coming to a coffee shop near you

The tip jar at coffee shops is often an embarrassment for the kind of people who pay for everything with their credit cards and rarely have small change on hand.

The electronic DipJar, a device that accepts credit and debit cards for $1 tips, is here...

Broken piggy bank, bills, money, debt

©iStockphoto.com/(ericsphotography)

Debt-abolishing program is great if you can get it

Occupy Wall Street has been on a debt-abolishing tear lately -- recently buying nearly $4 million in student loans from debt collectors and then forgiving it.

Now thousands of people across the country are begging them to forgive their loans, too.

Ch...

waitress serving food at restaurant

iStock / webphotographeer

Cuba says 9,000 cafes can be privately owned

Thousands of state-run restaurants in Cuba will move into the private sector and be run by citizen owners, the island nation's government announced Friday.

The Cuban Domestic Trade department put the number eateries being privatized at 9,0000 -- c...

Alibaba IPO

REUTERS/Carlos Barria

Boom: Alibaba surges 38% in huge IPO debut

Alibaba, the biggest IPO to ever hit Wall Street, made a huge splash when it started trading Friday.

Shares of the Chinese e-commerce giant closed at $93.89, marking a 38% pop from the $68 price of its record-shattering initial public offering.

The bo...

iPhone 6 goes on sale, Tokyo

Yuya Shino/Reuters

Apple's iPhone 6 goes on sale, and the lines are insane

The new iPhone 6 and iPhone 6 Plus hit stores Friday, with Apple fans around the world camping out in line to become some of the first owners of the new devices.

Pabst Blue Ribbon logo

Wikimedia Commons

Russian brewer buys Pabst Blue Ribbon

A Russian brewer is taking over American icon Pabst Blue Ribbon.

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