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Nokia hot to make a battery recall

Aug 15, 2007
In what will likely be a very costly recall, Nokia is offering to replace 46 million cell phone batteries because of cases of overheating. Lisa Napoli reports.
Posted In: Retail

Feds open way to NYC congestion tax

Aug 14, 2007
The federal government has offered New York City $354 million to pay for Mayor Bloomberg's proposal to charge a fee for vehicles entering the busiest areas of Manhattan. The mayor says it will be good for the economy. Bob Moon reports.
Posted In: New York, Taxes

Is Greenspan to blame?

Aug 14, 2007
Some pundits are pinning the blame for market uncertainty of late to former Fed chairman Alan Greenspan, but is it fair to second guess 18 years of decision-making in hindsight? Besides, he did warn borrowers two years ago, John Dimsdale reports.
Posted In: Economy, Wall Street

Interest rate whispers every which way

Aug 14, 2007
Wall Street wants a rate cut, but some folks are still stuck on inflation worries and hoping to see a bump in the other direction. Meanwhile, the Fed's been happily holding steady. What next? Stacey Vanek-Smith sorts through the speculation.
Posted In: Economy, Wall Street

Even more recalled Chinese-made toys

Aug 14, 2007
Today Mattel announced that it's recalling about 9 million more toys, including products with magnets that can be harmful if swallowed. Doug Krizner gets feedback from business professor Eric Johnson, who follows the toy industry.
Posted In: Retail

No bailout, an 'investment opportunity'

Aug 13, 2007
Goldman Sachs announced it's pouring $3 billion with the help of investors into one of its hedge funds that lost 32% of its value in the past week. It might walk like a bailout and talk like a bailout but, as Amy Scott reports, don't call it a bailout.
Posted In: Economy, Wall Street

Mortgage-backed securities 101

Aug 13, 2007
Mortgage-backed securities seem to be at the root of the markets' problems these days. So what exactly are they? Kai Ryssdal turns to portfolio manager Mike Hatley to help us all understand.
Posted In: Economy, Wall Street

Fed will likely avoid 'moral hazard'

Aug 13, 2007
Should the Federal Reserve pump money into the system to help out institutional players who took big risks when times were good and money was cheap? Commentator Krishna Guha says that's looking at it the wrong way.
Posted In: Economy, Wall Street, Washington

Need a raise? Keep performance high

Aug 13, 2007
Many of us are feeling some kind of financial pinch at the moment, what with high energy prices, rising school fees, health insurance costs... But don't count on the boss to help you out much. Helen Palmer reports.
Posted In: Economy, Jobs

Cash makes people feel better

Aug 13, 2007
Central banks around the world stuffed unprecedented wads of cash into their banking systems to stop last week's global market freefall. It's worked for now, but some in the industry are waiting for more bad news. Stephen Beard explains.
Posted In: Canada, Economy, Wall Street

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