Business - Most Commented

Pages

Coming soon: Small-Mart

Aug 27, 2007
Wal-Mart's on the lookout for an executive to help shape a smaller-store strategy, and analysts have been expecting Wal-Mart to get bigger by going smaller with their new stores. Steve Tripoli reports.
Posted In: Retail

Katrina's wrecks now Bolivia's headache

Aug 27, 2007
Cars damaged by Hurricane Katrina have been making their way into Bolivia for sale. "Katrina cars" are sold cheaply and look almost new on the outside, but have serious mechanical problems. Ruxandra Guidi has more.
Posted In: Auto, Canada

Ready to go back in the subprime water?

Aug 27, 2007
The recent problems terrorizing the mortgage market are likely to scare off some investors for some time to come. But sale prices in the aftermath could also lure in bargain hunters. Steve Henn reports.
Posted In: Housing, Investing, Wall Street

Bailing out lenders for a profit... or not

Aug 27, 2007
Bank of America got a lot of attention on Wall Street last week for a timely loan that saved mortgage lender Countrywide Financial. But it also got a heckuva deal, says Allan Sloan, the kind taxpayers can only wish the Fed and the ECB were getting.
Posted In: Housing, Investing, Wall Street

No. 1 threat: Credit crunch, not terrorism

Aug 27, 2007
Survey says: Economists now cite massive defaults on subprime mortgages and heavy debts as the top threat to the U.S. economy. As recently as March, the possibility of a terrorist attack was still the greatest worry. Janet Babin has more.
Posted In: Economy, Housing

Beware: Subprime sharks still lurking

Aug 27, 2007
Even as the subprime mortgage sector crumbles and lenders like Countrywide take out multi-billion dollar lines of credit to stay in business, ads appealing to people with bad credit are still surfacing on the Internet. Say what? Ashley Milne-Tyte reports.
Posted In: Housing

Buzzword: Payment-in-kind note

Aug 24, 2007
The rude awakening of the credit crunch brings us this week's term: Payment-in-kind note.
Posted In: Economy

Looking good, America! . . . Er, wait

Aug 24, 2007
Today's reports say new-home sales are up 2.8% and U.S. factory orders nearly 6%. But, wait. Those are the numbers from July -- before the subprime debacle and the credit squeeze. Jill Barshay has more.
Posted In: Economy, Housing

Retailers try return policy on their stock

Aug 24, 2007
Things seem to be falling apart at the seams for some of this country's biggest clothing retailers. Ann Taylor posted a 27% decline in profits, and the Gap is cutting 2,200 jobs with sales down 5%. But both announced big stock buybacks. Why? Stacey Vanek-Smith found out.
Posted In: Retail, Wall Street

Putting new interest in payday loans

Aug 24, 2007
Check-cashing outlets pull in pretty good profits by offering short-term loans at what can be triple-digit interest rates. The FDIC wants the nations' 22,000 payday lenders to lower those rates -- and competition's the best way to do that. Mhari Saito reports.

Pages