Mid-day Update - Most Recent
Sep 17, 2012
A year after protesters descended upon Zuccotti Park to call for financial reform, we look at the legacy of Occupy Wall Street. The Obama administration plans to launch a new trade complaint against China, arguing that it unfairly subsidizes exports of car parts. Plus, China may spend $15 billion buying a bank in Europe, GM wants the government to sell its remaining shares in the automaker, and the teacher's strike continues in Chicago.
Sep 14, 2012
Yesterday Federal Reserve Chief Ben Bernanke laid out the Fed's new economic stimulus plan. It's round 3 of so-called quantitative easing, and the Fed will buy $40 billion worth of mortgage-backed securities every month. A year ago Monday, a group kicked off what would become the gphenomenon of Occupy Wall Street. Occupy raised a surprising pile of money -- but how was it spent? And it used to be, if you ordered something off the Internet, you didn't have to pay state sales tax. But now Amazon is now charging sales tax in a growing number of states; California goes on that list this weekend.
Sep 13, 2012
The Federal Reserve wraps up its two day policy meeting today. It's expected to announce whether it will pump more stimulus money into the U.S. economy. That would make a third round of so-called "quantitative easing." Directors at Ford Motor Company are meeting today. There's word the agenda could include the first step toward a change in management at the company. And in case you missed the big launch, Apple's iPhone 5 was unveiled last night. Fifty million iPhone 5s could get snapped up by the end of the year. And each one is a potential cash cow for the wireless carrier the iPhone customer chooses.
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.