In Alaska, air taxis are more common than ground taxis. Small planes are integral to the transportation system, carrying everything from commuters to pizza to emergency medical care. But an FAA fuel tax hike could ground many of them, reports Weld Royal.
After enjoying years of unbridled growth, many homebuilders say they're now sinking along with the subprime lending market. So 1,300 of them are in Washington today to ask for help, and they have some unlikely allies, Steve Henn reports.
Congress holds a hearing today on the safety of diabetes drug Avandia. GlaxoSmithKline is mounting an aggressive defense for its No. 2 seller. With sales already plummeting, there's a lot of cash on the line. Helen Palmer reports
The oil-producing countries of OPEC seem to be getting anxious over all this talk about developing biofuels. The cartel says if the U.S. and Europe continue to push in that direction, it could drive oil prices "through the roof."
Following several domestic and international scandals surrounding the safety of China's food and drug products, the Chinese government has announced a far-reaching plan for improvement. Scott Tong has details.