A huge legal fight is underway to define employees whose positions are between the managers and the worker bees. Scott Tong reports that the government is expected to give management a huge victory.
ExxonMobil made $1,318 dollars a second in Q2, which works out to $10.4 billion for the quarter. Meanwhile, the Senate is taking up a bill that might expand oil drilling in the US. John Dimsdale reports.
A bipartisan congressional report out today finds that 32 Homeland Security contracts worth $34 billion are fraught with, you guessed it: fraud. Hillary Wicai reports on a Senate bill that seeks to change that.
The Federal Reserve's current report on economic activity shows slowing in half of its 12 regional districts. But it doesn't offer many clues about whether the Fed will raise interest rates next month. Hillary Wicai reports.
SEC regulators endorsed new rules today that will force public companies to disclose compensation packages for their top five corporate executives, including any perk over $10,000. John Dimsdale reports.
Ben & Jerry's founder Ben Cohen now runs a non-profit called Business Leaders for Sensible Priorities. Host Kai Ryssdal talks to him about the change from peddling ice cream to trying to cut the defense budget.
The government claims it gives a certain percentage of federal contracts to small businesses, but a report out today says last year $12 billion went to the biggies instead of the little guys. Dan Grech reports.
The SEC votes tomorrow on new executive compensation rules. A proposed requirement to reveal salaries and perks of high-paid talent — named after the former Today show host — may be cut. Ashley Milne-Tyte reports.
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Putting the squeeze on middle managers
What happened to the windfall tax?
Oil profits soar as Senate considers domestic drilling
Homeland Security wastes billions
And the Beige Book says . . .
Pulling backing the curtain on executive pay
Ice cream guy takes on defense budget
Big problem for small business
Out-of-state business taxes
Will the Katie Couric rule survive?
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