Posted In: Entertainment, Wall Street
The biggest radio company in the nation was supposed to have been bought out by a couple of private equity firms this month for $20 billion. But Clear Channel says the deal might collapse due to the shaky credit markets. Jill Barshay reports.
Posted In: Economy, Wall Street
The Fed has pumped another $75 billion into the frozen credit markets with the first auction of loans to investment banks that it promised as part of the bailout of Bear Stearns. Will the effort restore confidence to the credit markets? Jill Barshay reports.