Mid-day Update - Most Commented
Jun 18, 2012
After weeks of uncertainty, it appears as though Greece will be staying in the eurozone... at least for now: the pro-bailout, pro-austerity New Democracy party narrowly beat the anti-bailout Syriza party in yesterday's elections. Critics say President Obama's decision to allow undocumented immigrants to work legally will make the job market here in the U.S. even tougher. Look out for sunburns today, as some new federal rules for sunscreen products that were supposed to take effect won't actually be enforced until December. And what Microsoft is up against when it finally releases its new tablet.
Jun 15, 2012
This weekend Greece will hold crucial elections that may determine its future in the eurozone, we lay out the possible Monday morning scenarios. A barbershop quartet and the countries of the eurozone have much more in common than you think. Nokia puts giveaways to the test with free smartphones for first-year students at Seton Hall University. With few regulatory teeth, the new Consumer Financial Protection Bureau continues to carve out a role as the place people go to air financial grievances.
Jun 14, 2012
The World Bank's outgoing president, Robert Zoellick, says that four years after eurozone debt became a problem, the world is entering a new and more precarious phase of the crisis. Starboard Venture has a 5 percent stake in AOL and now it wants three seats on the board of directors. Ahead of what's billed as a major speech by Barack Obama in Cleveland, Democratic strategists want the president to change his message to acknowledge slow growth.
Jun 13, 2012
The chairman and CEO of JPMorgan, Jamie Dimon, will be grilled on a huge trading loss by the bank's unit in London. Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on cheap and trendy "fast fashion." Elizabeth Cline joins us to talk about the high cost of discount clothing detailed in her new book, "Overdressed." Verizon Wireless announced it's scrapping unlimited data plans which could force a change in our web surfing. And the popular '80s primetime soap, "Dallas," is getting remade with the all-important ad demographic of 18 to 35-year-olds in mind.
Jun 12, 2012
Global stock markets are turning their attention back to Greece and its elections this weekend that could lead to an exit from the euro. General Motors shareholders gather today for their annual meeting where one of the main questions will be: Why has the car maker's stock price been sagging in spite of its solid earnings? A new study that finds Americans paid $30 billion in overdraft fees last year despite efforts to curb them. Despite the shortened NBA season, basketball viewership is up thanks to the likes of Jeremy Lin and the 76ers.
Jun 11, 2012
Global markets are up -- for now -- on news this weekend that European leaders agreed to bail out Spain's banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? The Apple Worldwide Developers conference kicks off in San Francisco today where CEO Tim Cook will unveil the company's newest products. And a Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.
Jun 8, 2012
After the CEO of Chesapeake Energy was drilled by allegations of impropriety, angry shareholders are demanding change. Like the rest of us, companies are still uncertain of the economic future and holding on to their cash. But spending and investing could help to push the economy forward. The International Olympic Committee will provide live web coverage of the London games this summer to nations in Asia and Africa. And finally, what to throw out when, we give you a guide to food expiration dates beyond what's printed on the carton.
Jun 7, 2012
Spain's government raised its goal of $2 billion at a bond auction this morning, but banking woes still loom. Summer movie season means it’s time for big-budget, action-adventures, but summer can also spell success for movies that ignore the desires of teenage boys. President Obama will talk to students in Nevada today about his plan to defer federal loan repayments for low-income student borrowers. Although affluent devotees are willing to pay high prices for the up-market sportwear brand Lululemon, there may be a limit to the yoga market.
Jun 6, 2012
Organized labor reacts to Governor Scott Walker's victory in Wisconsin's recall elections yesterday. Federal bank regulators head to Capitol Hill this morning to update Senators on the progress of the Dodd-Frank financial industry reforms. Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? The recession has boosted the number of Americans on food stamps to 44 million -- nearly double pre-recession levels.
Jun 5, 2012
The seven leading industrialized nations in the world are holding an emergency conference call today about the fate of the euro and the global slowdown. Voters in Wisconsin decide today whether to recall GOP Gov. Scott Walker. At the E3 video gaming conference this week all eyes are waiting to see how Nintendo, Microsoft and Sony will counter growing competition from mobile gaming. And why do the Obama and Romney campaigns both set $3 as the entry-level donation?