Fitch Ratings today announced changes to the way it analyzes U.S. state and city pension bills. In a report, Fitch warns the new approach could have some consequences. Dick Larkin, director of credit analysis at Herbert J. Sims & Co., explains.
Violent protests continue today in Bahrain as the U.S. encourages the government to control the protests. The BBC's Katey Watson reports from Dubai about America's interest in controlling the turmoil in Bahrain.
President Barack Obama will fly to California today to meet with three of America's most notable tech CEOs -- Apple's Steve Jobs, Facebook's Mark Zuckerberg, and Google's Eric Schmidt -- presumably to discuss job growth. Steve Henn has more.
Australian airline Qantas was forced to ground its Airbus A380 super jumbo fleet after one of its plane's Rolls-Royce engines exploded in midair over Singapore last year. That accident cost Quantas an estimated $80 million -- and didn't help Rolls-Royce or Airbus, either. Christopher Werth explains.
The International Monetary Fund has recommended that Afghanistan's largest bank, Kabul Bank, be placed in receivership and sold off. The IMF hopes this move will stabilize the country's corrupt financial system.
The Food and Drug Administration will allow cosmetic drug and device maker Allergan Inc. to market its stomach-restricting Lap-Band to millions of new patients -- patients who are less obese than those currently using the device. Eve Troeh has more.
The Senate's banking commission is asking regulators today how the implementation of the new Dodd-Frank financial reform law is going. Diane Swonk, chief economist with Mesirow Financial, explains what's at stake in these hearings.