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Summer drivers get no break on gas

Apr 8, 2008
The Energy Department's summer driving forecast, released today, says demand is expected to be lower this summer than last. But gas prices are expected to average above $3.60 a gallon. Nancy Marshall Genzer reports.
Posted In: Economy, Travel

Will shareholder meetings get ugly?

Apr 8, 2008
Shareholders' gambles in the mortgage market didn't turn out so hot this year. Today, Morgan Stanley kicks off a season of shareholder meetings. Jeremy Hobson reports on what to expect.
Posted In: Economy, Housing

Small brokerages hit by credit crisis

Apr 8, 2008
We continue with our series Housing Madness, a look at the fall-out from the sub-prime meltdown. Small privately-run mortgage brokerages are disappearing fast. From WCPN in Cleveland, Mhari Saito reports.
Posted In: Economy

Amazon contest promotes new business

Apr 7, 2008
A bartender and former high school teacher has won a fiction-writing contest sponsored by Amazon.com and Penguin Books. The competition is part of Amazon's promotion of its new self-publishing business. Lisa Napoli reports.
Posted In: Books

2 major deals amid credit crisis

Apr 7, 2008
Troubled mortgage lender Washington Mutual is close to nailing down $5 billion from a private equity firm. And, Switzerland's Novartis is spending $39 billion for a majority stake in the U.S. eye-care company Alcon. Jill Barshay reports.
Posted In: Wall Street

Free trade deal depends on Democrats

Apr 7, 2008
The U.S. has sent Colombia billions in aid and offers sweetheart trade terms on exports such as flowers and coffee. But when it comes to approving a trade deal, the Democrats in Congress stand in the way.
Posted In: Economy

What is the real cost of Iraq war?

Apr 7, 2008
The Pentagon is expected this week to ask Congress for more than $100 million to pay for the Iraq war through September. John Dimsdale learns that the real cost is actually higher.
Posted In: Economy

IMF chief calls for international action

Apr 7, 2008
The International Monetary Fund's chief has called for global action to tackle the credit crunch. Dominique Strauss-Kahn told Britain's Financial Times that governments around the world will have to intervene with taxpayers' cash. Stephen Beard reports.
Posted In: Economy

The Sloan Report

Apr 7, 2008
Allan Sloan of Fortune magazine thinks Treasury Secy. Henry M. Paulson's bailout plan doesn't have much chance without legislation connected to it. Scott Jagow talks to Sloan about bailouts, the Fed and the rest of us.
Posted In: Economy

Rice prices rise up to 70%

Apr 7, 2008
As rice prices continue to rise, key rice-growing countries have imposed export restrictions leading to even tighter supplies. Countries needing big rice purchases are in for sticker shock. Jeff Tyler reports.
Posted In: Economy

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