Mid-day Update - Most Recent
May 7, 2012
The French elect a socialist president, and the Greek parliament gets a shake-up. It's all in a weekend for voters in Europe who took to the polls in what turned out to be a referendum on harsh austerity measures aimed at solving Europe's financial crisis. Also on the show, Disney avenges at the box office with a superhero blockbuster, college degrees as an employment perk, and Hollywood fights for California's State Parks.
May 4, 2012
In the U.K., voters delivered big losses to the ruling Conservative party yesterday. This weekend, voters in both France and Greece will go to the polls and the expectation is that they'll be in a bit of an anti-austerity mood. Are 401(k)s really the right ticket to a happy retirement? The movie "The Avengers" opens in the U.S. today -- but it has already brought in more than $250 million around the world. And tomorrow is the 138th Kentucky Derby. Horse raising is a multi-billion dollar business, and a growing percentage of that money is being spent on cutting-edge veterinary care.
May 3, 2012
CEOs get a raise as average pay goes up 15 percent. Meanwhile, planned job cuts rose 7 percent in April, with the education sector hardest hit. The head of the European Central Bank said today that economic growth has to be central to the plan to get Europe out of its debt crisis. But a shift away from austerity will be easier said than done. Plus, Clinton and Geithner meet in China for talks; Tsunami trash headed to our Pacific shores; and older workers facing softening job market.
May 3, 2012
Starbucks is working with a pioneer in microlending in developing countries - the Grameen Foundation - to lend money to small coffee farmers.
May 2, 2012
President Obama said last night during his speech in Kabul, Afghanistan that the goal is for Afghan forces to lead combat operations by next year. Here in this country we'll get some indication this morning of how the housing market is doing. Another way to gauge the health of the housing market, of course, is to check one of those websites like Zillow or Trulia. Executives from the online TV site Hulu are in New York today -- along with their counterparts from Yahoo, Youtube and AOL -- selling their content to advertisers. Elsewhere in New York, the painting known as The Scream goes on auction at Sotheby's.
May 1, 2012
ExxonMobil, one of the biggest companies in the world, has battled scandal after scandal and shaped much of how power works in modern society. How did it get to the top?
May 1, 2012
Exxon Mobil trades off with Apple as the top company in the U.S., but most Americans still know very little about it. A new book out today could change that. Later this morning, we'll find out whether the big auto companies were still selling lots of cars in April. And what do high sales mean for auto workers? Meanwhile, Delta Air Lines is buying an oil refinery in an attempt to cut costs.
Apr 30, 2012
This week, two countries at the center of the European debt crisis will hold elections; and in some ways, the eurozone is a lot like a bar. In New York City, One World Trade Center will become the tallest building in the city. And when can spying on workers actually be a good thing?
Apr 30, 2012
According to the Wall Street Journal, cotton has become part of the fabric of life in China -- the country has bought over a million tons of the fluffy white stuff in the last seven months.
Apr 27, 2012
Jeremy Hobson talks with Sir Richard Branson about the airline industry, trains in the U.K and the U.S., and how business leaders can help to solve many of the world's problems.