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What fed the subprime lending spree?

Mar 13, 2007
Some experts are pointing to a securitization equation: No consequences for loan originators + investors bundling risky loans = a menu ripe for subprime abuse.
Posted In: Housing

Will New Century's fall make waves?

Mar 12, 2007
Subprime lender New Century moved a step closer to bankruptcy as its lenders called in their loans. Track the falling dominos and it might push the whole economy lower, too. Hillary Wicai reports.
Posted In: Economy, Housing, Investing, Wall Street

What have the oil companies done wrong?

Mar 12, 2007
Mention any company remotely involved with oil and consumers start seeing red. Commentator Ben Stein says that anger is misdirected.
Posted In: Economy

Turn up the heat and open the window

Mar 12, 2007
In New York City you can walk past a building on a cold day and hear the whir of an air conditioner. Ashley Milne-Tyte explains.
Posted In: New York

FDA gives advice on fresh produce

Mar 12, 2007
The FDA issued new guidelines today for fresh-cut produce. But the agency's director says the new guidelines aren't exactly the scientific solution to food-borne illness. Helen Palmer reports.
Posted In: Retail, Washington

Sloan Sessions: Horizontal double dummy

Mar 12, 2007
How did McClatchy get that $160 million tax break when it sold the Minneapolis Star-Tribune last week? Turns out it's thanks to a little-used type of merger that's pretty smart.
Posted In: Wall Street

New storm trackers in Chicago

Mar 12, 2007
Hurricane futures begin trading on the Merc today. It's a new way for businesses to hedge against hurricane losses, and building it required a new way of classifying the storms.
Posted In: Wall Street

A sub-prime epidemic

Mar 12, 2007
The nation's largest independent sub-prime lender may be the latest victim of the housing slowdown. New Century Financial says the banks that keep its money flowing are cutting the lifelines.
Posted In: Housing

Enough with earnings projections!

Mar 12, 2007
In an effort to make American business more competitive, the Chamber of Commerce is urging public companies to stop wasting time on earnings forecasts.
Posted In: Wall Street

Another subprime lender in trouble

Mar 9, 2007
Analysts are speculating that New Century Financial could be another casualty in the subprime mortgage market. How did the industry get in such a mess? Steve Tripoli reports it was step by reality-ignoring step.
Posted In: Economy, Housing

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