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Citigroup makes bank

Jul 20, 2007
Citigroup has had a very good run this quarter. The nation's biggest bank says growth is up 18 percent. The record revenues were bolstered by international growth, while its consumer business was down. Janet Babin reports.
Posted In: Wall Street

Subprime hits keep on comin'

Jul 20, 2007
More bad news for subprime mortgage investors over the last 24 hours: Bernanke says losses could hit $100 billion and a new report estimates mortgage defaults will keep rising and eating into profits until at least the end of '08. Ashley Milne-Tyte reports.
Posted In: Housing, Wall Street

Dow director resigns in protest

Jul 20, 2007
Dieter von Holtzbrinck stepped down from his position on the Dow Jones board after it voted to endorse the sale of the company to Rupert Murdoch. But not everyone thinks Murdoch will send the Journal off course, Stephen Beard reports.
Posted In: Wall Street

It's a Starbucks world after all

Jul 19, 2007
Independent coffeehouses are finding it increasingly challenging to compete against the big corporate chains setting up shop all over New York City. Rents are rising and cafes operate in small change. Lisa Chow looks at what they're doing to survive.
Posted In: New York, Retail

Bernanke cites concerns with economy

Jul 18, 2007
Fed chief Ben Bernanke told Congress today that core inflation shows signs of increasing, the Gross Domestic Product isn't looking so hot and, oh yes, there's that subprime mortgage thing.
Posted In: Economy, Investing

Suit maker finds a good fit in U.S.

Jul 18, 2007
Hickey Freeman has been making men's suits for more than a century. The American company refuses to outsource production, but it still has had to make unconventional changes. Daniel Weiss reports.
Posted In: New York, Retail

What exactly do unions do?

Jul 18, 2007
Commentator David Frum says that in the long-running battle over unions we've forgotten whether they're relevant.
Posted In: Jobs

Blueprints born out of tragedy

Jul 18, 2007
Here's a twist on the housing market: A wide range of opportunities awaits a new breed of scaled-down homes. Allowing wannabe homeowners to make a start with less, for one. But the idea had humble beginnings. Elizabeth Wynne Johnson has the story.
Posted In: Housing

Murdoch poised to acquire Dow Jones

Jul 17, 2007
The Dow Jones board was set to vote today on a deal that would sell the Wall Street Journal's parent company to Rupert Murdoch's NewsCorp for $5 billion. Forbes magazine's Dennis Kneale talked with Kai Ryssdal about it.
Posted In: New York, Wall Street

FTC takes hard look at selling to kids

Jul 17, 2007
The FTC meets tomorrow to talk about how advertising and marketing are directed at children. The food industry is trying to get out in front of possible regulations by announcing rules of its own. Monica Brady-Myerov reports.
Posted In: Washington

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