News In Brief

MID-DAY UPDATE: Flight delays and electric cars

Chau Tu Oct 19, 2010

Flight delays don’t only cost you a lot of frustration and time — they also happen to cost the country more than $32 billion a year. Jeremy Hobson broke down the numbers for us.

On the other end of the transportation spectrum, Scott Tong took a look at the tax breaks that are soon to expire for hybrid vehicles and electric plug-ins for cars. Is it a good idea to get them renewed?

After recalls for prominent medicines like Children’s Tylenol and Benadryl, parents are starting to look toward generic medications. Johnson & Johnson are losing millions of dollars because of it. What does this mean for the over-the-counter industry?

France is still in turmoil over the retirement age reform but the government charges on, while China might or might not have announced it will reduce its exports of rare earth materials by a third.

Bank of America resumes foreclosures, but Tony Arnold reported that many banks will still be observing a voluntary moratorium on seizing homes.

Steve Chiotakis talked to JPMorgan Fund’s David Kelly about the rest of the banking industry too.

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