Latest Stories

Latest Stories


A little NBA Draft Day math

Jill Barshay | Jun 28, 2007
Tonight 30 NBA teams will select 60 players to join their ranks. It'll be televised in 115 countries in 18 languages, and some of the newest NBA ballers will be foreign themselves. It all adds up to some nice global padding on the bottom line, Jill Barshay reports.
Posted In: New York, Sports

Airbus almost ready to open China shop

Stephen Beard | Jun 28, 2007
Europe's Airbus has signed a joint-venture deal to open a factory in Tienjin, China. The plant will assemble A320 jets for the Chinese market, a bit of a coup for the struggling planemaker, but will it bring future trouble? Stephen Beard reports.
Posted In: Canada

A harder look at private-equity deals

Amy Scott | Jun 27, 2007
A lot of the recent private-equity acquisitions have been paid for with borrowed money. But some of the people loaning the money for those kinds of deals are now saying there's too much debt involved. Amy Scott reports.
Posted In: Investing, Wall Street

Guitar Center follows its own drummer

Rachel Dornhelm | Jun 27, 2007
Guitar Center, which started almost a half century ago as a small appliance and organ shop in Hollywood, has been bought in a private-equity deal. How did the company get to being worth $2 billion? Rachel Dornhelm reports.

Brown takes reins as U.K. prime minister

Stephen Beard | Jun 27, 2007
Gordon Brown is Britain's new prime minister. As Tony Blair's finance chief he was highly praised for how he ran the economy. Now that he's moving into 10 Downing Street, how will he run the country? Stephen Beard reports.

Fed closing check-processing centers

Scott Jagow | Jun 27, 2007
Because people are writing fewer checks, the Federal Reserve says it's going to close almost all of its 22 check-processing centers. ThPat Barron, head of the Fed's check processing operations, explains what's happening.
Posted In: Economy

What campaigns need is a blind trust

| Jun 27, 2007
Some people say the Supreme Court's ruling this week on campaign ad spending opens the floodgates to a barrage of last-minute issue ads. But commentator Robert Reich says they're missing the real issue.

Maybe Hooters and Puritans don't mix

Curt Nickisch | Jun 27, 2007
Hooters has shown strong growth nationally -- except in New England where the franchise known for its busty waitresses faces Chapter 7 bankruptcy and is liquidating. Curt Nickisch reports.
Posted In: Entertainment

Number of millionaires growing fast

Scott Jagow | Jun 27, 2007
A report out today says that about a third of the world's 9.5 million millionaires live in the U.S. Robert Frank, who writes the Wealth Report column for the Wall Street Journal, discusses the report with Scott Jagow.
Posted In: Canada, Economy

Firefighters want flame retardant put out

| Jun 27, 2007
A flame retardant in most homes keeps appliances and electrical wiring from catching fire, but a lot of firefighters want to get rid of it anyway because of the fumes it gives off when it burns. Sasha Aslanian reports.
Posted In: Health