Latest Stories

Latest Stories


Mattel's prospects not so swell

Jill Barshay | Sep 5, 2007
When we heard about the latest Mattel recall of 800,000 imported Chinese toys, we asked some consumers to tell us their reactions. Their responses could be Mattel CEO Bob Eckert's worst nighmare.
Posted In: Retail

Credit crisis is 'far from over'

Bob Moon | Sep 5, 2007
Investors clearly have a ways to go before they'll be feeling better, based on the latest economic reports. Today, a Bush administration official warned they could be waiting a long time. Bob Moon reports.
Posted In: Investing, Wall Street

Thanks Australia, here's an arms deal

Alisa Roth | Sep 5, 2007
President Bush and Australia's prime minister took a break from the APEC summit today to reconfirm their position on Iraq. And perhaps not by coincidence, Bush is expected to announce a big defense deal with Australia. Alisa Roth reports.

Another Mattel recall makes three

Scott Jagow | Sep 5, 2007
Mattel has announced yet another recall of toys made in its factories in China. That's the third time in five weeks, but some in the industry are saying don't be too quick to put the blame on Chinese factories.
Posted In: Health, Retail

Job losses surge 85% in August

Dan Grech | Sep 5, 2007
The housing market meltdown is hitting the job market. Layoffs in the financial sector reached record levels in August as brokers and bankers were sacked by the thousands. And this may just be the beginning of the hurt, Dan Grech reports.
Posted In: Jobs

Where emerging markets are safe

| Sep 5, 2007
It's not Asia, says commentator David Frum. He suggests we take another look at Central Europe, where markets aren't developing at Asia's exciting breakneck pace, but they are growing steadily... with bonuses like law and accountability.

To bail out or not to bail out...

John Dimsdale | Sep 5, 2007
Yesterday the Fed urged lenders to work out new loan terms for borrowers who risk defaulting on their mortgages, but that's only a request, not a requirement. Now it's Congress's turn. Will taxpayers pay to fix the subprime mess? John Dimsdale reports.
Posted In: Housing

Rest in peace, private equity boom

Stephen Beard | Sep 5, 2007
Banks are fresh out of billions to lend, and thus goes the buyout boom. Data company Thompson Financial says the number of private equity deals around the world has fallen sharply. No surprise, the subprime crisis is to blame. Stephen Beard reports.

Hard time finding qualified buyers?

Stacey Vanek Smith | Sep 5, 2007
One consequence of the subprime collapse is that mortgage lenders have made it lot harder to get a home loan. Some say too hard, especially in cities where home prices are high. Stacey Vanek-Smith explains.
Posted In: Housing

Canal construction ahead next 7 years

Dan Grech | Sep 4, 2007
Panama Canal expansion started with a bang yesterday as 15 tons of explosives brought down Paradise Hill to begin a seven-year, $5.25 billion project that will reshape global trade routes. Dan Grech has details.