Money Minute: Reducing Smartphone Thefts; Safest Pain Reliever Is?

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A proposed bill in one state could change future generations of smartphones that all of us buy.

California legislators may require that all smartphones sold in the state have some sort of kill switch that could be activated if your phone is lost or stolen. It's estimated that about 40 percent of all thefts involve smartphones. A report released last year by the mobile security firm Lookout found that lost phones could cost consumers more than $30 billion. The cities where residents were most likely to lose their phone were: Philadelphia; Seattle; Oakland and Long Beach, Calif.; Newark, N.J.; Detroit; Cleveland; Baltimore; New York; and Boston.

Which pain reliever is less dangerous for your heart: Advil, Aleve or Celebrex?
It's OK if you don't know the answer, because the experts aren't sure either, even though some of those medicines require a heart warning on their labels. So a Food and Drug Administration advisory panel will meet this week to review labeling rules and hopefully give consumers a better understanding of the risks they face in treating a headache or a bad back.

The big question for investors at the start of the new week is whether the mini-market correction of the past few weeks is over. Some analysts say it is. They contend that anyone who wanted to sell has already done so.

The numbers for last week look pretty tame. The Dow Jones industrial average (^DJI), the Nasdaq composite (^IXIC) and the Standard & Poor's 500 index (^GPSC) all gained less than one percent -- but it was a wild ride getting there.

After a massive sell-off Monday, when the Dow fell 326 points, investors jumped back in. Analysts call it "buying the dip," where investors think they can get stocks cheaply after a big downturn.

And on Friday, Google (GOOG) moved past Exxon Mobil (XOM) to become the second most valuable U.S. company. That's mostly because Exxon shares have lost 11 percent of their value this year. Apple (AAPL) remains King of the Hill, with a market cap of $465 billion.

-Produced by Drew Trachtenberg.


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