Mid-day Update - Most Recent
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.
Aug 29, 2012
Despite, or perhaps because of, the historic drought in the Midwest, farmers are making big profits. Isaac shuts down Louisiana's ports. And all those smartphones come with a cost: more than ever, we're tethered to our jobs.
Aug 28, 2012
Housing is up, consumer confidence is down. How do you feel about the economy?
Aug 27, 2012
Among our main stories today are the wrap-up of earnings season, the potential fallout from the recent Apple vs. Samsung patent decision and the popularity of 3D movies in China.
Aug 24, 2012
Will the "Lance" brand survive? Usually August means panic on the stock market, but this year we've seen the S&P 500 hit a four-year high and Apple stock rocket to over $670 a share. Have we bucked the trend? And an analyst has a model that predicts an Obama victory in November.
Aug 23, 2012
Notes from a Fed meeting earlier this month were released yesterday and they seem to indicate more stimulus is on the way. And while the Chinese economy shows some signs of slowing, not that everyone is suffering. Workers at state-run companies in China receive not just good salaries, but all kinds of perks -- from mortgage payments to fancy cars.
Aug 22, 2012
After nearly two decades of negotiations, Russia is now officially a member of the World Trade Organization. It's an economic boon for Russia. Greece has officially asked for more time to make financial reforms required by its bailout agreement with Europe. And late night TV is about to go where it's never gone before. ABC says starting in 2013 it's moving Jimmy Kimmel Live a half hour earlier, to compete head-to-head with Letterman and Leno.
Aug 21, 2012
Apple has hit a major milestone. The electronics giant is now the biggest public company ever measured by stock value. It's back to school shopping season and despite the weak economy, luxury retail has been doing well. And kids clothes are no exception. And here in the U.S., our doctors are "burned out," according to a new study from the Mayo Clinic.