Business - Most Recent


Dear Kai, Countrywide needs your cash

Aug 21, 2007
Kai Ryssdal got an invitation from Countrywide in his mail, urging him to apply for a 40-year mortgage. This piqued his interest, since Countrywide's reported to be teetering on the brink of bankruptcy. He got mortgage broker Seth Asher to explain.
Posted In: Housing

Another mortgage business goes down

Aug 21, 2007
Layoffs at Countrywide made headlines yesterday, even as the company took out full-page newspaper ads to say everything's going to be OK. Meanwhile, Capitol One decided to quit the wholesale mortgage business. We asked Ben Steverman for a reality check.
Posted In: Housing, Wall Street

Will Tribune deal miss the porch?

Aug 21, 2007
This morning the Tribune Company board is supposed to approve an $8 billion deal to take the company private, but between the recent market volatility and a wilting newspaper industry, its original aim might be way off. Lisa Napoli explains.
Posted In: Wall Street

Time to pony up for road repair

Aug 21, 2007
It's going to cost some $250 million to repair the collapsed highway bridge in Minnesota and there are already calls for more federal funds to fix other bridges around the country. So where's Congress going to get all that cash? Jeremy Hobson reports.
Posted In: Taxes, Washington

Lenders look for ways to raise cash

Aug 20, 2007
Three large mortgage lenders -- Luminent, Thornburg and Countrywide -- reported steps they are taking in their attempts to recover from the liquidity crisis. Stacey Vanek-Smith has the details.
Posted In: Housing, Investing, Wall Street

So where do things go from here?

Aug 20, 2007
Now that the Federal Reserve has stepped in to calm credit-crunch fears, we figured it was time to assess where the markets and the economy might be headed. Kai Ryssdal talked with Jeffrey Saut, chief investment strategist at Raymond James.
Posted In: Economy, Investing, Wall Street

Inc.'s a bit more at ease with ink

Aug 20, 2007
Every summer about this time, after a couple of months of short sleeves and tank tops, you get a good idea of the increasing number of people sporting tattoos. And, as Pat Loeb found out, body art is becoming more acceptable from college campuses to the boardroom.
Posted In: Jobs

Where the market dive began

Aug 17, 2007
The stock market took another dive this week as fears of an imploding credit market continued to spread. At issue are expectations that the current credit crunch might get worse. Host Tess Vigeland goes back to the beginning of it all with economist Mark Zandi.
Posted In: Economy

Fed's action gives markets some relief

Aug 17, 2007
The Fed today cut the discount rate -- what banks pay to borrow from the Fed -- by half a percentage point. Banks use it only when they're in a bind. Like the one they've been in the past couple of weeks. Jill Barshay reports.
Posted In: Economy, Housing, Investing, Wall Street

Dogs take couture to the catwalk

Aug 17, 2007
Pet Fashion Week kicks off tomorrow in New York, featuring high-end products for dogs. Ashley Milne-Tyte reports that fancy Fido doodads are capturing an ever-larger slice of the $40-billion-a-year pet-products market.
Posted In: Retail