Latest Stories

Latest Stories


India's glittering stockpile

Miranda Kennedy | Feb 9, 2006
India is the world's largest consumer of gold. Its appetite for the precious metal doesn't appear to be waning either, even though gold prices recently hit a 25-year high. Once given, golden wedding presents and family heirlooms are rarely re-sold. In a country of over a billion people, this translates to a huge stockpile of wealth. Critics say this stockpiling is bad for the Indian economy. Miranda Kennedy reports from New Delhi.

Mind the infrastructure

Scott Jagow | Feb 9, 2006
There's been a boom in infrastructure construction in developing countries like China and India of late. Personal finance expert Chris Farrell tells Scott Jagow that the US needs to look after its own infrastructure if it wants to stay competitive.

You say Turin, I say Torino...

Lisa Napoli | Feb 9, 2006
... Let's call the whole thing off? Business of sports expert David Carter tells Lisa Napoli why we haven't been hearing much about the upcoming Winter Olympics.
Posted In: Sports

Last gasp for open outcry trading?

Amy Scott | Feb 9, 2006
After years of shunning electronic trading in favor of boisterous trading pits, the New York Mercantile Exchange has decided to fire up the computers like other futures markets. Is this the end of an era? Amy Scott reports.
Posted In: Wall Street

The return of the long bond

Bob Moon | Feb 9, 2006
After a five-year hiatus, the 30-year Treasury note make a comeback today. But is there a market for it? Bob Moon reports.
Posted In: Economy, Investing

A long, strange trip...

| Feb 9, 2006
Republican Congressional leaders begin a retreat today on the shores of Chesapeake Bay to discuss possible lobbying reform, among other issues. As Eric Niiler reports, one issue on the agenda is whether lawmakers should take trips funded by lobbyists.

Bon Vonage

Janet Babin | Feb 9, 2006
The Internet telephone service is set to embark on a new venture, looking to raise $250 million in an initial public offering. As Janet Babin reports, the company's hoping to corner the Internet-based phone market.

Se vende Univision

Jeff Tyler | Feb 9, 2006
The Spanish-language TV network is for sale, and as Jeff Tyler reports, it's not just the small-screen cachet Univision has with Latinos that makes it attractive to buyers.

Parsing Bush's energy plan

Sam Eaton | Feb 9, 2006
Lawmakers get their first chance today to query Department of Energy officials about President Bush's plan to wean America from Middle Eastern oil and develop alternative energy sources. Sam Eaton reports.

Tesco takes on Wal-Mart

Stephen Beard | Feb 9, 2006
Wal-Mart is the world's biggest retailer, but most of its sales still come from the US. In recent years, Wal-Mart has tried to expand globally. But today, Britain's biggest retailer says it wants to give Wal-Mart a run for its money. Tesco will expand into Wal-Mart's turf next year. The company already sells 30% of the food sold in the UK. And starting next year, it will set up a network of US convenience stores, like 7-11. From London, Stephen Beard reports.