Latest Stories

Latest Stories


Pimco launches troubled-securities fund

Amy Scott | Sep 13, 2007
Pimco has launched a $2-billion distressed debt fund. It will invest in mortgage-backed securities and other fancy credit instruments. Amy Scott reports.
Posted In: Investing, Wall Street

Relief in sight for Countrywide

| Sep 13, 2007
Banks are throwing a lifeline of $12 billion in credit to Countrywide. As a result, their stock rose almost ten percent on the announcement. Lisa Napoli reports.
Posted In: Housing, Wall Street

Banks Shedding Jobs

Chris Farrell | Sep 13, 2007
The banking system is shedding jobs at a rapid rate....

Mortgage Discrimination Against Blacks and Hispanics

Chris Farrell | Sep 13, 2007
Since 1975, the Home Mortgage Disclosure Act has required public disclosure of mortgage lending practices in metropolitan areas. Over the years,...

Did we say no recession?

Alisa Roth | Sep 13, 2007
A lot of economists have been notably optimistic about the subprime crisis, saying it wouldn't lead to a recession anytime soon. But a poll out today from Reuters may indicate a change of heart. Alisa Roth reports.
Posted In: Economy, Investing

Vermont quells car makers on CO2

Jeff Tyler | Sep 13, 2007
A federal judge in Vermont rejected automakers' arguments that they couldn't meet new regulations for car emissions. Jeff Tyler has more.
Posted In: Auto

Venezuela's oil expats found all over

Dan Grech | Sep 13, 2007
When Luis Ramirez was fired from his job after striking against Venezuela's state-run oil firm, he relocated to south Florida. And many of his colleagues are turning up all around the world. Dan Grech reports.
Posted In: Jobs

Britain central bank won't do bail-out

Stephen Beard | Sep 13, 2007
Bank of England governor Mervyn King criticized the British Parliament for the way it's dealt with the credit crunch, saying it could pave the way for a future crisis. Stephen Beard reports.
Posted In: Economy

FAA head takes heat for lobby job

Steve Henn | Sep 13, 2007
Federal Aviation Administration head Marion Blakey is leaving government service to take a job with the Aerospace Industry Association, an industry lobbying group. The move has sparked criticism in Washington. Steve Henn reports.
Posted In: Jobs

Please come to our rural college

Ethan Lindsey | Sep 13, 2007
The number of college-aged students in rural areas is dwindling and the local universities are struggling to stay open. Ethan Lindsey explores what some colleges are doing to stay afloat.
Posted In: Education