The Treasury Department has invested billions of dollars in bailout money to more than 250 banks. Today it opened up the bailout money to 3,000 small community banks. Now the Treasury plans to compare lending levels between banks that got government money and those that didn't. But will it work? Steve Henn reports.
Two bills making their way through the House and Senate would empower federal bankruptcy court judges to rework the terms of mortgages headed into foreclosure. Lenders have opposed such bills. But these two are gaining momentum. Steve Henn reports.
President-elect Barack Obama will meet with congressional leaders next week to discuss a $700 billion stimulus plan, and interested parties lining up range the gamut from zoos to steelmakers. Steve Henn reports.
Viacom wants more money from Time Warner Cable, saying its programming brings in 20% of the cable company's audience. Viacom says it will pull its channels and launch a heavy ad campaign if Time Warner doesn't comply. Steve Henn reports.
Since GMAC was allowed to become a stand-alone bank, the Bush administration has included it in the bank bailout. Steve Henn explains how the finance arm of General Motors started expanding service beyond car loans.
Dow Chemical has been planning a multibillion-dollar joint venture with Kuwait, but plummeting oil prices have led Kuwaitis to back out of the deal. Steve Henn reports on the impact that Kuwait's decision will have on Dow.
The top online retailer says it's had its best holiday shopping season. How was Amazon able to buck the trend of one of the worst holiday retail periods ever? Steve Henn reports.
If you don't have holiday plans today or don't celebrate Christmas, why not volunteer? From delivering donated gifts to working at a soup kitchen, there's plenty you can do. Steve Henn visits one volunteer center in Washington, D.C.
Federal regulators helped struggling bank IndyMac cook its books back in May in order to keep it running in hard times. Steve Henn reports other banks may have engaged in a similar accounting game.
With a $17 billion loan package for General Motors and Chrysler come strings attached involving wages. But the United Auto Workers union isn't entirely satisfied, which could make negotiations ahead rocky. Steve Henn reports.
