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Mortgage refinancing can't help if low

Mar 19, 2008
Mortgage refinancing has been at its lowest level since December, and policymakers have been hoping refinancing could help end the crisis in the financial markets. Jeremy Hobson reports.
Posted In: Economy, Housing

A new kind of call to prayer

Mar 19, 2008
Israeli high-tech expert Avshalom Neumann was inspired to set up a business after he saw a religious pilgrim call home from Jerusalem's Wailing Wall. Orly Halpern has more on his call-in prayer service.
Posted In: Entrepreneurship

Starbucks tries to roast its competition

Mar 19, 2008
Since other fast food companies have started offering coffee drinks, Starbucks has been seeing their profits drop. Lisa Napoli reports how the coffee giant plans to rebound from recent competition.
Posted In: Retail

Bear investor could be planning revolt

Mar 19, 2008
With the Bear Stearns deal encouraging JP Morgan to buy the bank for just $2 a share, some shareholders stand to lose a lot of money. Stephen Beard reports one large investor is attempting to turn around the low-ball offer.
Posted In: Wall Street

Word on the Wall Street

Mar 19, 2008
We've been hearing a lot about the economy lately from analysts and administrators alike. But what are they saying on Wall Street? We went down there to talk to a few people -- investors or not -- and find out.
Posted In: Wall Street

Fed's delicate economic balancing act

Mar 18, 2008
Between bailing out investment banks and making loans to securities dealers, Fed Chief Ben Bernanke and company have been busy lately. The big cut in short-term interest rates boosted the markets, but inflation still looms. Kai Ryssdal has the story.
Posted In: Economy, Taxes, Wall Street

Consumer reports starts advertising

Mar 18, 2008
Consumer Reports used to wait for readers to come to it for advice. Now, the magazine is publicizing its findings through advertising. Dan Grech reports how the publisher's new move might attract new readers.

Why the Fed should be decisive

Mar 18, 2008
A Federal rate cut is expected, but the rate's magnitude is up for debate. Doug Krizner talks to economist Peter Morici about why the Fed should act decisively to rescue the system, and not necessarily because it deserves it.
Posted In: Economy

Anxieties high of low housing starts

Mar 18, 2008
This morning, we'll find out how many new homes were built last month, and investors are hoping housing starts have finally bottomed out. But Jeremy Hobson reports we might see a weak number that won't rebound until summer.
Posted In: Housing

Lower rate means cheaper dollar

Mar 18, 2008
Many in the financial markets expect to see the Fed cut rates by a full percentage point -- the biggest rate cut in a generation. John Dimsdale reports one thing seems certain: lower rates will cheapen the value of the dollar.
Posted In: Economy, Wall Street

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