financial posts on CNET

financial

IBM's new services zero in on fraud, financial crime

IBM has introduced new software and services to help organizations use big data to address financial losses caused by fraud.

The Armonk, N.Y.-based firm says that $3.5 trillion is lost every year to fraud and financial crime. To combat these problems, IBM has launched its "smart counter fraud" initiative, which includes software and services based on over 500 fraud consultants, 290 fraud-related research patents, and the investment of $24 billion in to IBM's Big Data software since 2005.

IBM says these new services can detect a number of criminal activities, including tax evasion, money … Read more

Candy Crush Saga maker aims for $613M in IPO

King, the company behind the wildly popular Candy Crush Saga and other popular social games, has provided a look into exactly how much it thinks it can raise in its impending IPO.

The Securities and Exchange Commission (SEC) on Wednesday released an amended filing from King showing that the games maker plans to offer 22.2 million shares at its IPO and price them between $21 and $24. Another 3.3 million shares will be offered for over-allotments, should demand for the company's stock surge.

If King can offer all 25.5 million shares at a maximum offering price … Read more

Level Money for Android review

Level Money is a budgeting app that streamlines your savings plan and tells you how much you're allowed to spend.

Pros

Easy to follow: Level Money calculates your allowed spending through a rudimentary equation: Income - bills - savings = spendable money. It's a clear, distraction-free tool for common financial situations.

Short setup: Level Money's friendly guide and (mostly) easy setup process quickly integrates your financial information from various accounts. However, there may be extra steps, depending on your financial institution. Level's account-removal process is also accessible.

Visually intuitive: Level Money does a fantastic job of communicating … Read more

Review: Homeowners can eFile, too, with TurboTax Deluxe

TurboTax Deluxe includes free federal eFiling and helps homeowners, investors, and charitable givers maximize deductions. TurboTax Deluxe offers real-time help and searches for all possible deductions, including medical bills. Its Audit Risk Meter flags potential audit triggers and helps you avoid them.

First-time visitors to the TurboTax storefront can sign in, create a free account, or start any tool for free. TurboTax Deluxe's compatible form list was a welcome surprise; basically, it handles everything but business forms like Schedule C and those for estates and trusts. There's an option for first-time filers, too. We logged on to the … Read more

Review: Homeowners can eFile, too, with TurboTax Deluxe

TurboTax Deluxe includes everything in Intuit's online TurboTax Free Edition, starting with free federal eFiling, but it also helps homeowners, investors, and charitable givers maximize deductions. TurboTax Deluxe offers real-time help and searches for all possible deductions, including medical bills. Its Audit Risk Meter flags potential audit triggers and helps you avoid them. You can try TurboTax Deluxe for free, but it's now a lot more affordable.

First-time visitors to the TurboTax storefront can sign in, create a free account, or start any tool for free. Considering it's just a step up from the Free version, TurboTax … Read more

AOL revenue up as profit stays inline with prior year

AOL had a strong 2013 on the revenue front, and although things looked dire on profits, some extra context helps to put the data into perspective.

During its 2013 fiscal year, AOL generated $2.3 billion in revenue, up 6 percent compared to the $2.2 billion it generated in 2012. And although the company was able to post a $92.4 million profit during the period, that was down 91 percent compared to the $1 billion it made in the prior year.

Comparing the two years, however, might be like comparing apples and oranges. In 2012, AOL had a $… Read more

PlayStation 4's quick start boosts Sony quarterly revenue

Sony's PlayStation 4 and smartphones helped the company generate a slight profit during its fiscal third quarter ended December 31.

Sony revealed on Thursday that it generated $23 billion in revenue during the period, up 24 percent compared to the same period in 2012. Sony was able to turn a slight loss in 2012 into a $257 million profit.

The successful quarter stands in stark contrast to Sony's revised full-year forecast, which expects the company to post a $1.1 billion loss.

The PlayStation 4 was a significant jump start for Sony's business, helping the company's … Read more

The 404 1,419: Where it's open tax season with Aunt Jill Schlesinger (podcast)

Leaked from today's 404 episode:

- Make way for GameSpot's Ultimate Upgrade Sweepstakes.

- The smart guide to financial aide.

- Pound Foolish: Exposing the Dark Side of the Personal Finance Industry.

- Ventev: Idiot proof, Aunt Jill approved travel chargers.

- Follow Aunt Jill on Twitter.… Read more

Facebook shares soar on solid 2013 financial results

Facebook has hit a new high on Thursday after posting better-than-expected results during the fourth quarter of 2013.

In early trading on Thursday, Facebook shares jumped to $62.28, a new 52-week high for the company's shares. As of this writing, Facebook's stock has cooled off a bit to $61.19 -- a 14 percent gain.

The strong showing this morning is largely the result of Facebook's strong performance last year. Facebook said Wednesday that it generated $7.9 billion revenue last year, up from the $5.1 billion the company tallied in 2012. Facebook also grew its profitsRead more

Apps for keeping New Year's resolutions

A new year brings new goals, new aspirations, and new opportunities to grow financially, physically, and mentally. Instead of breaking your resolutions as soon as you make them, start the year off strong with these helpful apps -- and make the most out of 2014.

"The humblest tasks get beautified if loving hands do them."

Any.do

Android/ iOS

Any.do tops the list for any productivity enthusiast, thanks to its ease of use, powerful autofill, and clean design. Any.do digs deep to integrate your task with your phone's capabilities. For example, if your task is … Read more