Business - Most Recent


And they say PCs are good with numbers

Aug 17, 2007
Computer maker Dell has to restate its finances from the last four years after the company was caught fudging with the numbers to hit performance goals. Ashley Milne-Tyte has more.
Posted In: Retail

The official line: You're on your own

Aug 16, 2007
Treasury Secretary Henry Paulson and the head of the Federal Reserve bank in St. Louis had basically the same message today -- despite the market unease, there's no plan for government intervention. Bob Moon has more.
Posted In: Housing, Investing, Wall Street, Washington

Do workers lose in private buyouts?

Aug 16, 2007
The explosion of recent corporate takeovers by private investors has attracted the attention of labor unions. Yesterday, one union leader launched an effort to rein in private equity's growing influence. John Dimsdale reports.
Posted In: Jobs

World markets continue to sink

Aug 16, 2007
Doing the numbers is starting to get downright gloomy. Markets in Asia and Europe are dropping by 2 and 3 percent after yesterday's Wall Street plunge on continuing subprime concerns. This time mortgage lender Countrywide was the biggest troublemaker.
Posted In: Canada, Economy, Wall Street

Subprime mess good for something

Aug 16, 2007
European banks tied into subprime debt are now rushing to buy U.S. dollars to pay back those loans, which is raising the value of the flailing currency. But Ashley Milne-Tyte reports it may just be a short-term fix.
Posted In: Economy

More hourly rentals on the block

Aug 16, 2007
A few small car-sharing services have been offering autoless city dwellers the option of renting by the hour for years. Now some of the big traditional car rental companies want a share of that market. Lisa Gray reports.
Posted In: Auto, New York

Defending the gas guzzler

Aug 16, 2007
Lobbying by U.S. automakers failed to slow a Senate proposal that would drastically increase fuel economy standards, so GM, Ford and Chrysler are holding a rally today to plea for popular support. Critics are calling it a scare tactic, Sam Eaton reports.
Posted In: Auto

Who else to give credit for subprime?

Aug 16, 2007
The European Commission is investigating credit-rating agencies on claims that they failed to warn investors about subprime risks. And there are other worries, too. Stephen Beard reports.
Posted In: Canada, Economy

Whole Foods' secrets are out of the box

Aug 15, 2007
Documents detailing Whole Foods' proposed takeover of the Wild Oats chain, accidentally left exposed on a court website, provide a glimpse into how the natural food chain is playing hardball against Wal-Mart. Bob Moon reports.
Posted In: Retail, Washington

Jumbo loans feel subprime weight

Aug 15, 2007
Some in Congress and the mortgage industry want the government to allow Fannie Mae and Freddie Mac to buy up bigger loans. So far, no deal. Stacey Vanek-Smith reports on how that's affecting potential homebuyers in some of the country's most expensive housing markets.
Posted In: Housing, Investing, Wall Street