Sales of new single-family homes were
flat last month. And the supply of houses on the market reached a 42-year low. Reporter Alisa Roth talks with Steve Chiotakis about the latest housing numbers and whether Americans are moving away from home ownership.
The issue of education reform is coming to the forefront. The much-hyped documentary "Waiting for Superman" opens in New York and Los Angeles. Oprah is spending another hour on the topic. And next week NBC News is hosting a big education summit. What gives? Amy Scott reports.
All the business news in rhyme in 60 seconds time. This week: Out of the recession (officially), bye-bye Blockbuster, the FDA considers genetically-modified salmon and Colin Powell's take on undocumented workers.
Demand for what we know as "durable goods" was down 1.3 percent last month. Analysts expected a smaller drop. Jill Schlesinger of CBS MoneyWatch talks with Steve Chiotakis about whether anything good can come out of this drop and how the latest figure compares with past recessions.
The St. Louis Arch is set to get a facelift of sorts. A design jury in St. Louis awarded the multi-million-dollar contract to a New York design firm. Their charge -- undo decades of bad infrastructure planning and transform the Arch into a world-class tourist destination. Adam Allington reports.
Rising world food prices will be the topic of an emergency U.N. meeting in Rome. The aim is to find a way to restore stability in the food markets and avoid riots like those that occurred two years ago.
A government probe in Britain is looking at
whether some of the country's biggest banks should be broken up. London bureau chief Stephen Beard talks with Steve Chiotakis about whether this plan is really on the table and what other reforms may happen.
Congress is trying to use the tax code to keep companies from moving factories, and jobs, overseas. Senate leaders want to schedule a vote on the bill next week. The timing is no coincidence. Democrats are hoping the bill will appeal to voters concerned about the high unemployment rate. Nancy Marshall Genzer reports.
It looks like when GM returns to the stock market this fall, it won't be as big a sale as first thought. Reporter Alisa Roth talks with Bill Radke about GM's initial public offering and why we've heard so much speculation about it.