Mid-day Update - Most Recent
May 29, 2012
New research from the Brookings Institution says Americans will pay up to $1,500 more in rent every month to live in a "walkable" neighborhood -- say, a place near their dry cleaners or grocery store or favorite restaurant.
May 28, 2012
On Memorial Day, we take a look at ways to support the other 1 percent -- the less-than-1 percent of Americans who serve in uniform and those who have died in the line of duty. While low-fare airlines are struggling to make money in the United States and Europe, airports across Southeast Asia have never been busier thanks in large part to budget carriers. The Spanish government is wrangling with how to rescue its troubled banks. Local protestors in Malaysia are stalling efforts to mine for rare earths, a key component in electronics.
May 25, 2012
After a week that included Facebook's IPO fizzle, talks of a Greek exit, and the impending debt ceiling showdown, the economic landscape may be taking a toll on our psyche. After all the doom and gloom in the worldwide economy, we get a nun's take on the economic recovery in her community and her local service work. The ketchup bottle just got a major upgrade thanks to a team of M.I.T. scientists -- no more whacking the bottle to squeeze out the last dregs. And the automaker Ford cashes in on its logo in the form of toys, T-shirts, and videogames.
May 24, 2012
As budget woes continue to plague lawmakers in Washington, D.C., as well as leaders in Europe, we speak to the leader of California, Gov. Jerry Brown, over his state's financial issues. Officials in Houston are trying to figure out what to do with the Astrodome -- renovate it or tear it down. Manufacturers are reporting slowing sales of desktop and laptop PCs suggesting a slow down in economic growth, but computer sales may no longer be a reliable indicator of new hires and overall business growth.
May 24, 2012
The main newspaper in New Orleans, which received praise in its Katrina coverage, has announced budget cuts which will mean staff layoffs and a reduction in print editions to three days a week.
May 23, 2012
If you're looking for a safe place to park your money, think Ford. Moody's has boosted the automaker's debt to investment-grade, giving a thumbs up to a long financial turnaround for the company. Today, struggling tech giant Hewlett-Packard will announce whether the company will shed tens of thousands its workers. With Memorial Day approaching, parents begin to consider summer plans and the value of camp for their kids. This week Target launched a line of Gay Pride T-shirts on its website in time for Gay Pride month in June which may help mend fences between the retailer and the gay community.
May 23, 2012
According to a recent survey by TheKnot.com, the average wedding in the U.S. now costs over $27,000. But Americans aren't the only ones throwing their money towards the perfect nuptials.
May 22, 2012
There's a new warning this morning from the Organization for Economic Cooperation and Development that says the 17 nations that use the euro are at risk of falling into a severe recession. It's been two years since the BP Oil Spill in the Gulf of Mexico, and today officials from government are looking at one item central to that spill: the blowout preventer. As soon as next week, Southwest Airlines could get clearance to build a brand new international terminal at Houston's Hobby airport -- but one competitor is doing its best to thwart those plans.
May 21, 2012
Gas prices continue to soar in the U.S., but Americans haven't yet flocked to alternative fuels like natural gas in a big way. Billionaire investor T. Boone Pickens expected us to -- but after being one of the industry's biggest supporters, he's now backed out of natural gas stocks all together. In New York last night, tens of thousands of orthodox Jews gathered at Citi Field to discuss the pros and cons of using the Internet. And America's second largest movie theater chain, AMC, has been bought by one of China's largest real estate developers, creating the world's largest cinema chain.