Mid-day Update - Most Commented
Sep 12, 2012
The House of Representatives could vote as soon as tomorrow on legislation to fund the government for the next six months and avoid a shutdown. That temporary funding would keep the government going. But would mean some uncertainty for federal agencies. In Germany, a top court has rejected calls to block Europe's new rescue fund, ruling that the fund is legal under German law. And the iPhone 5 is expected to be unveiled at a press conference later today. Today, Apple's iPhone is a major object of desire -- but it wasn't always that way.
Sep 11, 2012
Today in Chicago, day two of the teachers' strike begins. The city and the teachers union failed to agree on a new contract, and around 30,000 educators are on strike. It's a rocky second day for another big organization: After a seven-year effort to open a part of the Arctic Ocean to oil drilling, Shell Oil has already hit a snag. And Apple is expected to unveil the new iPhone 5 at a huge press conference tomorrow in San Francisco. Of course, no one pitched a new product like Steve Jobs -- but what does it take to make a great pitch?
Sep 10, 2012
Members of Congress will return to session today. But don't expect a lot to come from Capitol Hill over the next several weeks before Election Day. The U.S. Treasury plans to sell $18 billion shares of AIG stock in a public offering that would reduce its stake by more than half. Katie Couric launches her daytime talk show today. Is she the next Oprah? Plus, Toys "R" Us faces challenges as it releases a tablet for kids, the capital of Vermont is getting into the utility business, and will the Fed announce a new round of economic stimulus?
Sep 7, 2012
August's unemployment numbers are out today. Next week, all eyes turn to the Fed, which will detail its next big move, small move, or… no move. A University of Chicago study shows grandparents are giving more financial support and providing more babysitting help in recent years. The San Antonio school district started making its lunches healthier with a goal of fighting obesity -- and it's making money. And when it comes to home insurance, read the fine print.
Sep 6, 2012
Despite -- or maybe because of -- recent mass shootings in the U.S., gun manufacturers are reporting peak profits. The European Central Bank announces a bond-buying plan. McDonald's is opening two all-vegetarian restaurants in India. David Gura reports on a father and son in North Carolina who have differing views on the upcoming election. And Gallup asked American workers how satisfied they were with 13 aspects of their jobs.
Sep 5, 2012
Nokia unveils new smartphone today, loaded with Microsoft's new operating system. U.S. productivity rose last quarter. Next Monday, Chicago public school teachers may vote to walk off the job, marking the first big strike since 2006. FedEx downgrades its quarterly earnings. We look into the marketing of high school athletes. And China ponders the need for a stimulus package.
Sep 4, 2012
Automakers are enjoying a good earning season. Analysts look to the UK for insight into Paul Ryan's proposed deficit cuts, and Hillary Clinton heads to Beijing to talk economy.
Sep 3, 2012
A big week for the European Debt Crisis starts off with some not-so-great news: manufacturing in the region fell last month for the 13th straight month. There are going to be a lot of people on the highways today heading home from Labor Day weekend festivities. And they'll be spending a little more on gas than they did a year ago, but how do our gas prices stack up globally? And the drug company Pfizer is getting ready to sell shares of its animal health business Zoetis -- which distributes medicines for pets and livestock -- to the public.
Aug 31, 2012
The big news of the day is Fed Chairman Ben Bernanke's much-anticipated speech at Jackson Hole. Also, we fact-check a misleading campaign ad about welfare.
Aug 30, 2012
Citigroup pays up for past deeds. Earlier this week, we learned the SEC is investigating Ally Financial for its own mortgage practices around that time.