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General Motors is knocking 12.5 percent off the Chevrolet Volt's sticker price as it tries to better compete with electric car rivals.

A Lloyds of London affiliate is offering a 1 million euro ($1.3 million) reward for information leading to a diamond collection stolen at gunpoint from a jewel show in Cannes.

Ben Cohen, left, and Jerry Greenfield in 1980

Some of the most vital companies were founded by just two friends with an idea. Here are 10 cases where friends with nothing but raw ambition and a dream built successful businesses.

So what separates the winners from the losers? In some regards, it's as simple as seeing a great opportunity, seizing it and putting it into action with hard work.

Lingerie for the 1%: 24-karat gold intimates Tue, 6 Aug '13 | 7:00 AM ET

Designed with 24-karat-gold thread, an ultraluxe collection has entered the intimate apparel market to fill a void in the underwear drawers of the wealthy.

A study of 5,000 families found that some moms' reactions to the 2007-09 recession included shouting more at their kids and yanking or spanking them.

Rape case unfolds on Twitter and divides town Mon, 5 Aug '13 | 4:02 PM ET

CNBC's Carl Quintanilla gathered a group of Torrington High School students to talk about the rape case that shocked the town.

Yankees third baseman Alex Rodriguez

Few things strike a nerve with fans and the media as player salaries do. Who are this year's highest-paid players in each US team sport? Click ahead to find out.

The $325,000 hamburger (fries not included) Mon, 5 Aug '13 | 1:25 PM ET
A lab-grown meat burger made from Cultured Beef, which has been developed by Professor Mark Post of Maastricht University in the Netherlands.

A Netherlands-based researcher has produced lab-grown, cruelty-free meat. But will vegans and vegetarians be lining up for a serving of the engineered food product?

Barely there biz: Lingerie Fashion Week Mon, 5 Aug '13 | 11:48 AM ET
A model walks the runway during the Secrets in Lace show at Lingerie Fashion Week in New York City.

Showcasing the latest in the big business of skimpy, several designers were featured during the second edition of Lingerie Fashion Week.

Every brand wants to go viral, but few actually know how to tweak Internet weather patterns to create a "Sharknado." One guy thinks he knows the key: Hundreds of T-shirts.

Shoppers walk down 5th Avenue in New York City.

U.S. consumer spending has remained largely flat for the last three months, Gallup reported on Monday, in contrast to other indicators suggesting otherwise.

Truck accident on the Virginia Avenue Bridge, Indianapolis, IN

Video shows the Virginia Avenue Bridge in Indianapolis getting hit by multiple tall trucks. In all, seven area bridges have been hit more than 400 times. Bad GPS may be to blame.

A freshly prepared cheeseburger sits on a kitchen counter at the first U.K. outlet of U.S. burger restaurant chain Five Guys in London, U.K.

The introduction of Five Guys and Shake Shack in London last month is part of a growing trend of American culture seeping into British food and drink.

Obama overturns Apple import ban Sat, 3 Aug '13 | 4:11 PM ET
A Samsung Galaxy S4 and an Apple iPhone 5

President Obama has overturned a looming US import ban against some older models of the iPhone and iPad.

Heartburn over bad math and Big Macs Sat, 3 Aug '13 | 11:00 AM ET

A report that says McDonald's would only need to raise the price of Big Macs by 68 cents to double workers' wages is bunk and based on bad math, says CNBC contributor Carol Roth.

George Clooney

Just when you thought hedge fund smackdowns couldn't get any uglier, they get...prettier! Actor George Clooney has stepped into the ring, accusing Dan Loeb of trying to scare Hollywood.

Nathan Sawaya worked as an attorney for years, but the work just wasn't satisfying. So he ditched his job to pursue his art: creating sculptures from Legos. It's paying off.

Actor Jonathan Goldsmith, also known as "The Most Interesting Man in the World" from Dos Equis advertisements, recently opened up on Reddit.

The game maker is not happy about an app called "Bang with Friends" and is taking its creator to court, alleging trademark infringement.

President Barack Obama pitches his Grand Bargain plans at an Amazon fulfillment center on July 30, 2013.

While small businesses support tax reform, some groups aren't happy about President Obama's "better bargain," Inc. reports. Here's why.

Consumer packaged-goods makers have gotten creative with how they pass on rising costs and maintain bottom lines. Prices stay the same, but it contains less product.

How Twitter has changed the way NBA fans watch Fri, 2 Aug '13 | 10:19 AM ET
LeBron James No. 6 of the Miami Heat goes up for a shot against Kawhi Leonard No. 2 of the San Antonio Spurs during Game 4 of the 2013 NBA Finals.

While fans may use Twitter to express their love or disdain for players, the NBA has a much higher purpose for its engagement.

'Face it' - 3-D printed headgear by Melinda Looi

Haute couture designers are increasingly turning to 3-D printing to bring unconventional, customized designs to the runway.

The 10 greatest scandals ever tweeted Fri, 2 Aug '13 | 6:25 AM ET

It was once possible to keep public figures' outrageous behavior a secret, but those days are long gone. Read ahead to see the 10 greatest scandals ever tweeted.

A new survey finds that about three in 10 workers probably would search for a job online or take a call from a recruiter while they are at work.

Jaw-dropping things to make with 3-D printers Fri, 2 Aug '13 | 1:15 AM ET

From food to replacement organs and limbs, sex toys to weaponry—the sky's the limit for what we'll be able to do with this technology.

Close-up with the world's fastest supercar Thu, 1 Aug '13 | 3:59 PM ET
Bugatti Vitesse

Volkswagen's Bugatti Veyron Grand Sport Vitesse certainly has its share to boast about. It is the world's fastest production roadster—and the most expensive.

If you want to earn more money, quit smoking Thu, 1 Aug '13 | 3:24 PM ET

Got a cigarette habit? New research shows what's going up in smoke could be your earnings potential—unless you quit.

Jerry Garcia

The first of August is Jerry Garcia's birthday. He would have been 71. The Dead's rhythm guitarist Bob Weir talks to CNBC about his longtime bandmate.