American activist-investor Eric Knight has launched a campaign against one of the world's biggest banks, calling for major changes. No word yet what exactly he's after, but he's got a good track record of getting what he wants. Stephen Beard reports.
Congress is set to pass legislation that would increase student Pell grants and cut loan rates by about half, and President Bush says he'll sign it. Just about everyone's in favor, everyone except lenders. Jeremy Hobson explains.
The rugby World Cup kicks off in Paris today but a dispute over media rights threatens its coverage. If you want to see it you'd better find it on TV or hop on a plane and buy a ticket, Dan Grech reports.
Some say one sign the economy's on a downward turn might be walking the runways not far from Wall Street: Hemlines at NYC's Fashion Week are falling. But others say that just means lots of shopping and high prices this season. Jill Barshay reports.
They usually travel in the same general direction, but recently there've been signs that the economy's going south, while oil flirts with record highs. Oh and gas prices are probably headed back up too. Stephen Beard tells us what's going on.
The news keeps getting worse for many American homeowners. New data shows that the rate of home loans in foreclosure has hit a record high for the third quarter in a row. And there's no end in sight, Bob Moon reports.
Sure you can download movies online, but right now no one's making it easy enough says Variety's Mark Speier. There just aren't enough people who think it's worth the effort, especially with the theater or DVD rental right around the corner.