Latest Stories

Latest Stories


Beach reads: Taking from the rich...

| Aug 13, 2007
We've asked some of our commentators to give us their picks for the best business beach book ever. Nell Minow kicks off our weeklong series with a classic tale about a thief. Give us your picks, too.
Posted In: Books

Syrians' welcome to Iraqis cools

| Aug 13, 2007
The only country in the world that willingly admits Iraqi refugees is Syria. So far, roughly 1.5 million Iraqis have fled there. But some Syrians want the welcome mat rolled up. Jennifer Glasse reports.
Posted In: Immigration

Cash makes people feel better

Stephen Beard and Scott Jagow | Aug 13, 2007
Central banks around the world stuffed unprecedented wads of cash into their banking systems to stop last week's global market freefall. It's worked for now, but some in the industry are waiting for more bad news. Stephen Beard explains.
Posted In: Canada, Economy, Wall Street

Let's just call them garbage mortgages

Scott Jagow | Aug 13, 2007
Allan Sloan says subprime is too nice a word for the high-risk mortgages that were bundled then sliced and diced and served up to investors. He says maybe they'd have thought twice before buying into garbage mortgages... or maybe not.

Fingers crossed for a rate cut?

Amy Scott | Aug 13, 2007
The Fed will be looking at two key inflation measures this week: Tomorrow we'll get a read on July wholesale prices and Wednesday the Labor Department reports on consumer prices. But officials may have something else on their minds. Amy Scott has more.
Posted In: Economy, Wall Street

What to do about Avandia?

Stephen Beard | Aug 13, 2007
With more studies out on the potentially serious side-effects of Avandia, GlaxoSmithKline is trying to revise marketing for its once second-best selling drug. Stephen Beard reports.
Posted In: Health

Now that's cradle-to-grave marketing

Jeremy Hobson | Aug 13, 2007
It's the latest trend in fundraising, er make that "friend raising." A growing number of colleges and universities now offer their most devoted alumni a chance to spend the afterlife back on campus. Jeremy Hobson has the story.

Race for Arctic oil heats up

Sam Eaton | Aug 13, 2007
A team of Danish scientists shipped out this weekend for a month-long mapping expedition in the Arctic Ocean. It's the latest move in what's become a high-stakes race to claim the Arctic's potential oil reserves. Sam Eaton reports.

No private-equity blues for Blackstone

Amy Scott | Aug 13, 2007
Despite private-equity firms struggling with the credit market clamp down, Blackstone Group still posted a healthy profit last quarter. But Amy Scott reports the company may have more challenges ahead.
Posted In: Wall Street

Sad development in Chinese toy recall

Scott Tong | Aug 13, 2007
Mattel recently recalled nearly a million toys made a Chinese supplier because they contained dangerous levels of lead paint. Over the weekend, the head of that company reportedly committed suicide. Scott Tong reports.
Posted In: Canada