CNN Money: Top business headlines for Oct. 25

    6:24 AM, Oct 25, 2013   |    comments
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    NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Friday, October 25.

    Health insurance cancellation notices soar above Obamacare enrollment rates
    Hundreds of thousands of Americans who purchase their own health insurance have received cancellation notices since August because the plans do not meet Obamacare's requirements. The number of cancellation notices greatly exceed the number of Obamacare enrollees. Insurance carrier Florida Blue sent out 300,000 cancellation notices, or 80 percent of the entire state's individual coverage policies, Kaiser Health News reports. California's Kaiser Permanente canceled 160,000 plans - half of its insurance plans in the state - while Blue Shield of California sent 119,000 notices in mid-September alone.

    Pensions ask retirees to pay back tens of thousands
    Some pension plans have overpaid retirees for years -- now they're demanding their money back. For retirees, it can mean owing tens of thousands of dollars. And with little warning, their pension checks are being slashed to cover their debt. In April 2011, New Jersey resident Carol Montague received a letter from American Water Works Co.'s pension plan saying it had overpaid her for more than five years and wanted its money back -- plus interest. Montague, now 67, was told she owed roughly $45,000.

    Americans lacking in basic skills
    Just because we spend a lot of time in school doesn't mean we're smart. American adult proficiency in literacy, numeracy and problem solving ranks as some of the lowest among developed countries, despite a relatively high level of education, according to a recent survey.  In literacy, the United States came in 9th out of 13 industrialized countries surveyed, according to a report from the Organization for Economic Cooperation and Development. In problem solving America ranked 8th, right below average. And Americans are particularly bad at math, coming in third from last in the numeracy rankings.

    Never visit a college campus with your parents again thanks to Google
    Why the rise of online interviews and tours is good and bad news for college applicants. A recent Google study found that nine in 10 students use the Internet to research higher education institutions. "Google's mission is to organize the world's information and make it universally accessible and useful," says Jiang. "Google+'s goals in the higher education space are closely aligned with that mission which is to work with colleges and universities to help students access information about the college application process."



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