For the past 68 years, every drop of oil in Mexico has been controlled by Pemex, the national petroleum monopoly. But Pemex is deep in the red, and and it's running out of its most basic product. Dan Grech reports.
Markets are closed today for the fourth straight day to mourn the passing of President Ford, but many traders aren't enjoying the extended holiday. Dan Grech explains.
The retail giant is pushing the sale of swirl-shaped fluorescent bulbs in its stores to get consumers to switch from inefficient regular light bulbs — but it's hitting some resistance. Dan Grech reports.
It's the last business day of 2006 and AT&T wants to finish the year with FCC approval for its purchase of BellSouth. Last night it offered up some consumer-friendly concessions that might do the trick. Dan Grech reports.
Today the FDA will recommend that meat and milk from cloned pigs and cows be allowed into the food supply — without a label indicating the food is cloned. Dan Grech reports.
It was a year of selloffs and layoffs for American newspapers as they continue to lose revenue in an increasingly digital world. But a renewed trend toward local ownership offers a glimmer of hope. Dan Grech reports.
For the first time in five years, the U.S. airline industry expects to be profitable. This week's holiday travel is just icing on the cake, Dan Grech reports.
A new study predicts that one in five Americans with subprime mortgages, about two million of them, could face losing their home to foreclosure. Dan Grech reports.
The merger has one regulatory hurdle left: FCC approval. Late yesterday that hurdle got higher when FCC member Robert McDowell decided to abstain because he used to work as a telecom lobbyist. Dan Grech reports.
The Bush administration today recalculated what price Medicaid pays pharmacies for prescription drugs. The measure could put a squeeze on small retail pharmacies. Dan Grech reports.
