Responding to pressure to trim down its operations, GE plans to auction off the appliance sector of its business, which only netted 4 percent of revenue last year. Ashley Milne-Tyte reports the brand has lost some market clout.
English-based stores in Los Angeles will celebrate their contribution to California's economy with a "Britwalk." But what makes these businesses specifically British? Cash Peters looked to his countrymen to find out.
Blackstone releases its first-quarter profits today on the heels of a 90 percent profit loss for last year. Jill Barshay reports analysts are forecasting big changes in practice for the private-equity industry.
German President Horst Kohler is calling for tougher regulations on the banking industry, which he believes created a "monster" within the global financial markets. Stephen Beard reports discontent is echoed in Germany.
Economists are forecasting a modest rise in unemployment numbers, but is it enough to call it a recession? Economics editor Chris Farrell tells Bob Moon the numbers indicate a downturn won't be too deep.
Riding the trend of feel-good reality TV shows, Fox is set to unveil a riches-to-rags story. Stacey Vanek-Smith has more on the "Secret Millionaire" who must find a worthy beneficiary while living amongst the needy.
A new report notes it takes half as much energy today to create $1 of economic output as it did in the 1970's. Dan Grech reports new efficiencies out in the next few decades can cut energy consumption even more.