Latest Stories

Latest Stories


Hedge fund boom bound for bustville

| Jun 27, 2007
As hedge funds become more accessible to everyday investors, commentator David Frum offers this friendly warning: It's not possible for thousands of funds to beat the market, year in and year out. And there will be losers when the ride is over.
Posted In: Investing

A mountain of furniture to climb

| Jun 27, 2007
Three decades ago she saved your kids from sleeping in toxic jammies. Now chemist Arlene Blum is taking on unsafe sofas. Sasha Aslanian profiles one woman's ongoing battle against potentially hazardous chemicals that keep sneaking into consumer products.
Posted In: Health, Science

Northwest cancels flight after flight

| Jun 27, 2007
Northwest passengers have been spending a lot of time not flying out of airports lately. The airline has been forced to cancel hundreds of flights since Friday, and once again a labor-management squabble seems to be at issue. Martin Moylan reports.
Posted In: Travel

Lobbyist in the White House

Steve Henn | Jun 27, 2007
It's hard to spin the revolving door faster than Ed Gillespie, who starts today as counselor to President Bush. A controversial choice, he's helped build one of Washington's largest lobbying firms while jumping into and out of government jobs. Steve Henn reports.
Posted In: Washington

CAFE debate spills over to House

Rachel Dornhelm | Jun 27, 2007
The Senate last week passed an energy bill which would up the minimum fuel economy standards for automakers to a fleetwide average of 35 mpg. The auto industry hopes to remove that requirement in the House this week. Rachel Dornhelm reports.
Posted In: Auto

Exxon chief attacks Senate energy bill

| Jun 27, 2007
ExxonMobil CEO Rex Tillerson told the Financial Times that the energy reform currently passing through Congress "almost defies any sense of logical or rational thinking." The FT's Ed Crooks tells us more.
Posted In: Washington

China food crackdown may lack bite

Lisa Napoli and Scott Tong | Jun 27, 2007
The Chinese government shuttered 180 factories today after inspectors found industrial chemicals in food products. It sounds like a step in the right direction, but with 750,000 food processing plants, safety enforcement is no easy task. Scott Tong reports.
Posted In: Canada

How the Journal could change

| Jun 27, 2007
Media magnate Rupert Murdoch isn't likely to sweeten his $5 billion bid to the Bancroft family. Staci Kramer of says the Wall Street Journal newspaper was headed for big changes anyway.
Posted In: Investing, Wall Street

More bad signs in the housing market

Scott Jagow | Jun 26, 2007
The nation's second-largest homebuilder, Lennar Corp., said it lost money for the second-straight quarter. It also expects the housing market to get worse. Economist Christopher Mayer tends to agree.
Posted In: Housing

Drought costs are just getting started

Sam Eaton | Jun 26, 2007
Damage from the Lake Tahoe fire is only a fraction of the growing financial toll of a drought that's gripping much of the nation. And the cost has nowhere to go but up. Sam Eaton reports.