Business - Most Recent

Pages

Just kidding about that 'recession' thing

Dec 20, 2007
The final GDP numbers are in, and the economy grew 4.9 percent in the third quarter, despite the looming threat of recession. Nancy Marshall Genzer looks into why, and reports some economists are still cautious.
Posted In: Economy, Jobs

Irish eyes are smiling on the U.S.

Dec 20, 2007
Irish tourism to the U.S. is thriving, thanks to a weak dollar and Ireland's fast-growing economy. Don Duncan reports from New York City, where many of the 300,000 Irish have come around the holidays for just one thing.
Posted In: Travel

Central banks pump cash for cheap

Dec 20, 2007
Central banks around the world are pumping money into the global financial system to help ease the credit crunch. Jill Barshay also reports that instead of issuing penalty rates, they're lending money at a bargain.
Posted In: Economy

More write-downs to come

Dec 20, 2007
Hit hard by the credit crisis, Bear Stearns and many other banks have taken huge write-downs. Janet Babin reports that with about 150 billion more of them to go, some large firms are seeking a cash infusion from overseas.
Posted In: Wall Street

Subprime woes just beginning for many

Dec 19, 2007
While most Americans seem to be riding out the credit crunch, a large number are struggling to stay afloat. Steve Tripoli reports on the people increasingly swamped by a second wave of debt distress.
Posted In: Economy, Housing

Banks line up for cash at Fed auction

Dec 19, 2007
Imagine an eBay auction for $20 billion. That's what the Federal Reserve conducted this week to pump cash into our struggling financial system. Banks gobbled the money up at a high penalty rate of 4.65%. Jill Barshay reports.
Posted In: Economy, Housing

The drawbacks of recession obsession

Dec 19, 2007
A poll out this morning says the percentage of people who think a recession is coming is up since last month. But how does an obsession with recession affect the economy? Nancy Marshall Genzer reports.
Posted In: Economy

Some shoppers opt to register

Dec 19, 2007
Online gift registries are becoming an increasingly popular option to fulfill holiday shopping. But some think the shopping portals are helping customers further deter from the spirit of Christmas. Dan Ankeles has more.
Posted In: Retail

New loans may help subprime, may not

Dec 19, 2007
Five New England banks are pledging $100 million to help certain homeowners battling subprime. But Stacey Vanek-Smith reports the program does pose a risk to home equity, and some think it doesn't go far enough.
Posted In: Economy, Housing

Keep on truckin' -- a few more hours

Dec 19, 2007
The White House has reinstated higher driving-time limits for truckers. Today the Senate will consider the 11-hour restriction and its potential impact on fatality rates. Sam Eaton reports.
Posted In: Jobs

Pages