Latest Stories

Latest Stories


World markets shaken and stirred

Stephen Beard and Scott Jagow | Aug 10, 2007
The U.S. subprime mortgage crisis is now sending economic shockwaves around the globe. Major markets are dropping percentage points by the day, but will the fallout spill over and dampen overall economic growth? Debate is raging.
Posted In: Canada, Economy, Wall Street

How did we get here?

| Aug 10, 2007
With markets and investors in something of a state of panic, we turn to industry insiders King Penniman and Bill O'Grady to explain what's happening and who's ultimately responsible for this mess.
Posted In: Economy, Housing, Wall Street

Workplace outlook: surprisingly positive

Scott Jagow | Aug 10, 2007
A poll of corporate executives and middle managers on the future of the workplace 10 years from now unearthed some interesting and surprising answers, but perhaps none more so than the degree of job satisfaction. BusinessWeek's Peter Coy fills us in.
Posted In: Jobs

Swim at your own risk

| Aug 10, 2007
You might start seeing more of those "No Lifeguard on Duty" warning signs. The American Red Cross says beaches and pools across the country are experiencing a shortage of people who are qualified and willing to do the job. Pat Loeb reports.
Posted In: Jobs

SEC wades into subprime mess

Jeremy Hobson | Aug 10, 2007
There's word this morning that the SEC is digging into the books at top Wall Street banks and brokerage firms to make sure they're not hiding any subprime losses. Jeremy Hobson reports.

Virgin Air lands in Asia

Sam Eaton | Aug 10, 2007
With Virgin America now off the ground, British billionaire Richard Branson has jetted across the Pacific to announce a new partnership in Asia, where the demand for budget flights is booming. Sam Eaton reports.
Posted In: Canada

Early primaries feed local economies

Steve Tripoli | Aug 10, 2007
States like Florida and South Carolina are jockeying to move their primaries and caucuses earlier than ever. It's mostly about political clout, to be sure, but early primaries are a boost for local economies too. Steve Tripoli reports.
Posted In: Washington

Politics at play with Petrocaribe?

| Aug 10, 2007
Energy cooperative Petrocaribe allows countries like Jamaica and Haiti to buy oil through products like bananas and nutmeg. But some say the deal is just a way for Venezuelan President Hugo Chavez to push his politics. Brian Ellsworth reports.
Posted In: Canada

Credit crunch puts squeeze on Europe

Stephen Beard | Aug 9, 2007
A major French bank, BNP Paribas, announced it was suspending three of its asset-backed securities funds, due to the squeeze the subprime mortgage debacle has put on the U.S. credit market. Stephen Beard in London explains the impact on markets across the pond.
Posted In: Investing, Wall Street

Bush not pumped about gas tax

Kai Ryssdal | Aug 9, 2007
At a news conference, President Bush made it clear what he thinks of a higher gas tax to fix the nation's infrastructure. He also fielded a larger-than-usual array of questions about the state of the U.S. economy.
Posted In: Economy, Housing, Washington