Bank of America's first-quarter earnings were expected to be disappointing, but analysts learned today that they were even worse than predicted. The subprime and credit crises are blamed. Nancy Marshall Genzer reports.
A report out today counters criticism that capping greenhouse gas emissions will be tough on the U.S. economy. The Environmental Defense Fund bases its findings on several other reports. Sam Eaton explains.
Delta and Northwest airlines have hired high-powered lobbyists, including two former Senators, to help them persuade Congress that their merger is a necessity in the current economic climate. John Dimsdale reports.
Pushing harder to get British banks to lend and borrow again, the Bank of England says it will issue $100 million worth of new government bonds and swap them for mortgages the banks can't unload. Steven Beard has more.
Biofuels are getting blamed for a global food crisis and a setback in anti-poverty efforts. Fortune magazine's Allan Sloan examines the wisdom of growing things to make them into ethanol and considers alternatives.
Teens are going to have a tough time landing a summer job this year. They'll be competing with laid-off workers for the food service or retail work teens typically sign up for over summer vacation. Stacey Vanek-Smith reports.
A quarterly survey of 109 corporate economists finds them in a pessimistic mood about the future of their businesses. Higher commodity costs are one reason for the gloomy outlook. Jill Barshay reports.