European banks tied into subprime debt are now rushing to buy U.S. dollars to pay back those loans, which is raising the value of the flailing currency. But Ashley Milne-Tyte reports it may just be a short-term fix.
Last year Johnson & Johnson discovered counterfeit strips used to test blood glucose levels were being sold under its label. Looks like we can add those to the long list of fake products originating in China. Scott Tong has more.
The explosion of recent corporate takeovers by private investors has attracted the attention of labor unions. Yesterday, one union leader launched an effort to rein in private equity's growing influence. John Dimsdale reports.
Doing the numbers is starting to get downright gloomy. Markets in Asia and Europe are dropping by 2 and 3 percent after yesterday's Wall Street plunge on continuing subprime concerns. This time mortgage lender Countrywide was the biggest troublemaker.
A few small car-sharing services have been offering autoless city dwellers the option of renting by the hour for years. Now some of the big traditional car rental companies want a share of that market. Lisa Gray reports.
Lobbying by U.S. automakers failed to slow a Senate proposal that would drastically increase fuel economy standards, so GM, Ford and Chrysler are holding a rally today to plea for popular support. Critics are calling it a scare tactic, Sam Eaton reports.
Elvis T-shirts, an Elvis-edition Harley, Elvis Reese's Cups, ticket sales at Graceland... the licensing money for all that memorabilia really adds up. But the folks in charge of his estate have big plans that could triple the take. Wren Elhai reports.
A new population report predicts the global population will grow by 50 percent to reach 9.3 billion by 2050. And very soon the number of people living in urban areas will outnumber rural folk. Jill Barshay has more.