A new private sector effort to fix the housing crisis appeared this week as former Countrywide execs announced PennyMac. Ashley Milne-Tyte explains the plan.
Altria is spinning off Phillip Morris International to focus sales efforts towards smokers outside of the U.S. Ashley Milne-Tyte reports tobacco companies light up at the prospect of marketing to 350 million smokers in China.
A forum in North Carolina is focusing on getting more African-Americans into the IT industry. Ashley Milne-Tyte reports some IT professionals worry about the reputation the profession has among new graduates.
Some former executives of the fallen mortgage lender Countrywide are starting a new company to invest in troubled mortgages. Ashley Milne-Tyte reports.
Some Wall Street investors actually profited from the dramatic fall of Bear Stearns, gambling the investment bank's stock would plummet in value. Now there's an investigation into possible insider trading among some options traders. Ashley Milne-Tyte reports.
More than one-third of nurses born during the baby boom plan to retire or change jobs sometime in the next three years. Add in the chronic shortage of nurses already, and hospitals could be left in critical condition. Ashley Milne Tyte reports.
Though the stock market has been deeply troubled by the subprime mortgage crisis, it has yet to crash. Many attribute the relative health of the markets to actions made by the Fed to keep the cash flowing. Ashley Milne-Tyte reports on what the Fed may do next.
The drink "Black and Tan" traditionally blends Guinness with Bass, beers owned by two separate companies. But Guinness has recently been trying to change the formula to help their company sales. Ashley Milne-Tyte explains.
A wan retail sales report may be looming, but goods like discount food and prescription drugs can weather an economic downturn pretty well. Ashley Milne-Tyte looks at the bright side, but reports no one is recession-proof.
The commercial radio industry has been mulling over how to make more money from its advertising in the big push to the Web — even when 90 percent of the population still listens. Ashley Milne-Tyte reports the election may help.
