U.S. hybrid technology company Paice filed a patent infringement case yesterday claiming Toyota is using technology Paice invented. If the case rules in favor of Paice, an import ban may be imposed on violating products. Sam Eaton reports.
Zimbabwe's economy is beginning to stabilize as a new coalition government takes root. U.S. lawmakers say they want that government to succeed, and the U.S. openly criticizes President Mugabe and his administration. Gretchen Wilson reports.
As mortgage losses get worse so does the shape of the Federal Housing Agency, which has nearly a quarter share of the mortgage market. The agency may soon need a taxpayer bailout to stay in business. Sam Eaton reports.
Finance officials from the G20 are meeting in London today to discuss the global economy, with bankers' pay being one particularly biting issue. Bill Radke talks to Andrew Hilton from the Center for the Study of Financial Innovation in London.
Next week, government contractors will have to verify the citizenship of their employees by entering them into a database. But the process comes with its share of costs and complications. John Dimsdale reports.
Congress will reconvene in a few days, with health care, financial regulation and cap-and-trade as top priorities. Steve Chiotakis talks to former Labor Secretary Robert Reich about what President Obama expects to accomplish.
It may take awhile for job numbers to improve, and those without a job already may soon be in more trouble. A new report says 400,000 people who have already lost their jobs could also lose their unemployment benefits by the end of September.
California solar panel company Solyndra is set to receive over half a billion dollars in stimulus funds, which it plans to use by building a new factory. The project is expected to create as many as 4,000 jobs. Sam Eaton reports.