Clear Channel today posted higher-than-expected Q3 profits, but earnings are down and its stock price has tumbled since 2000. As the media giant considers whether to put itself up for sale, Lisa Napoli adds up the numbers.
The SEC is already investigating more than 100 companies for possible stock option backdating. Now it turns out that some executives may have also fudged exercise dates in order to avoid income taxes. Jeff Tyler explains.
The New York Stock Exchange is negotiating an alliance with the Tokyo Stock Exchange. The news comes as the NYSE seals its deal to merge with the pan-European exchange Euronext. Ashley Milne-Tyte reports.
Today, the government said that third quarter GDP growth is at the weakest levels in more than three years. Many investors are worried the slowdown would prompt the Fed to raise interest rates. John Dimsdale reports.
Federal investigators got their first guilty plea in the stock options backdating scandal. The outcome could give executives at the other 140 companies involved even more to worry about. Bob Moon reports.