On the heels of the buyout of Bear Stearns by JP Morgan, Bear's private equity firm is expected to announce a spin-off into a separate company. Nancy Marshall Genzer reports JP Morgan will be the new company's biggest investor.
Verizon Wireless and its British partner, Vodafone, are bidding to become the number one cell phone operator in the U.S. Talks are underway to take over Alltel for nearly $30 billion. Stephen Beard has more.
The sluggish economy is having a noticeable effect on mid-range restaurant chains like Bennigans. Ashley Milne-Tyte reports many restaurants need to renegotiate their debt in order to stay in business.
A House panel begins debate today over how to spend $2 billion requested for an International Clean Technology Fund. Jeremy Hobson reports the fund aims to reduce the green house gas emissions of developing countries.
As part of a long hockey tradition, each member of the team that wins the Stanley Cup holds onto the iconic award for a day. Scott Jagow talks to Cup keeper Phil Pritchard about where the object has traveled.
Time Warner Cable is testing out a new price structure for high-speed Internet access in a small town in Texas where the more you download, the more you pay. Janet Babin reports some consumer watchdogs find the model unfair.