A new report from Fidelity Investments says more Americans are dipping into their 401(K)s and other similar funds. Jill Schlesinger, editor-at-large at CBS MoneyWatch, talks with Steve Chiotakis about why a record number of people are making hardship withdrawals.
Jam maker Smucker's reported its profits rose slightly in the last three months. The company is a dominant player in the food industry, and it plans to roll out dozens of new products in the coming months. Jeff Tyler reports.
President Obama still has yet to nominate anyone to head the new post of Consumer Financial Protection Bureau. But one group is pushing for Harvard law professor Elizabeth Warren to be nominated and has come up with a song and video for her. Rapper Ryan Anthony Lumas talks with Steve Chiotakis about the song.
The economic recovery seems to be sputtering. We learned that manufacturing is once more in the doldrums and claims for unemployment benefits are increasing again. The silver linings in these clouds are kinda hard to come by. But we found one. John Dimsdale reports on mortgage rates.
BP insists that it is not hiding any information about the Deepwater Horizon disaster in the Gulf of Mexico. But the rig's actual owner, Transocean, claims that BP is holding back data that will help shed light on why the rig exploded. Stephen Beard reports.