Latest Stories

Latest Stories


Citigroup to announce big losses, layoffs

Ashley Milne-Tyte | Jan 14, 2008
The nation's largest bank is expected to announce a $24 billion write-down and up to 24,000 layoffs due to subprime problems -- more than twice what it previously announced. Ashley Milne-Tyte reports on how the company didn't know how bad things would be.
Posted In: Economy, Housing, Wall Street

Detroit's auto show emphasizes green

Jeremy Hobson | Jan 14, 2008
Electric cars, hybrids and other green concept cars are a big theme at this year's North American International Auto Show in Detroit. Jeremy Hobson has more on a few featured models -- including an eco-friendly Hummer.
Posted In: Auto

The Student Loan Bubble Goes Bust?

Chris Farrell | Jan 14, 2008
For more than three decades, students and their parents funded a college tuition bubble with borrowed money. Two-thirds of college students finish...

China opens to foreign banks

Jill Barshay | Jan 14, 2008
China has lifted its moratorium on foreign banks doing business with Chinese companies, and many international banks are now making deals. Jill Barshay reports the appeal is in China's stock market.
Posted In: Investing

Artists owning galleries take control

| Jan 14, 2008
Enrollment is up at art colleges, but it's still not easy to make a living in the art world. In response to picky commercial galleries, many artists are cutting out the middleman by opening their own. Lisa Gray reports.

A sweet deal for Kazakhstan crude oil

Megan Williams | Jan 14, 2008
Italy's Eni has been working with Kazakhstan to develop the country's big crude oil discovery. But Kazakhstan has changed the rules of the original deal and doubled its original stake. Megan Williams reports.

Financial Information Over the Phone

Chris Farrell | Jan 14, 2008
Question: I got a personal call from my bank the other day: they lowered their interests rates and could give me a home equity loan for 7.5% ... as...
Posted In: banking

Amtrak strike may derail an economy

Ashley Milne-Tyte | Jan 14, 2008
Amtrak workers are threatening to walk if management can't meet union demands. A strike would not just hurt commuters, but could serve the Northeast corridor and New York City a huge economic blow. Ashley Milne-Tyte reports.
Posted In: Jobs, Travel

Why tap stock dividends now?

| Jan 14, 2008
To cut costs, Citigroup might reduce or eliminate its dividends to shareholders. Scott Jagow talks to Fortune Magazine's Allan Sloan about why big Wall Street banks have left stock dividends alone up until now.

Taiwan could get closer to China

| Jan 14, 2008
The Nationalist Kuomintang Party's win in Taiwan might mean a better relationship between the country and China. Bill Marcus reports how the party's victory could improve trade by making it cheaper and faster.