GM lost more than $3 billion so far this year. But hey, that's nothing compared to the $38-billion the automaker lost last year. The company blames challenging market conditions and ongoing labor issues. Janet Babin reports.
Many homeowners are still feeling the pinch of tight credit and falling housing prices. A new report says the foreclosure rate has more than doubled from a year ago. And the pain is becoming more widespread. Janet Babin has more.
Candy giant Mars has struck a deal to take over chewing gum maker Wrigley's in a $23 billion deal unveiled this morning. The deal is so sweet, Warren Buffet wants to invest after the deal is over. Janet Babin reports.
An international group that sets computer file standards has made Microsoft's Office 2007 the world standard. Janet Babin tells us what the heck that means and why it matters.
Since Terminal 5 at London's Heathrow Airport opened last week, more than 250 flights have been canceled due to a backlog of 19,000 suitcases that've been parted from passengers. Janet Babin reports on why it's so hard to get luggage from here to there.
Federal laws passed more than a decade ago encouraged development of leading edge drugs, as well as a way to get them on the market faster. But a study out today says that fast-track process compromises safety. Janet Babin reports.
In order to take advantage of new "live" Blu-Ray DVDs that connect to the Internet, you need access to a Playstation 3. Janet Babin reports why people who purchased a Blu-Ray player might feel a little burned.
The New York Auto Show opens today, and there will be a lot of talk about cars of the future. Janet Babin reports playing with the balance sheet is might be all U.S. automakers can do to weather an economic storm.
Competition from online retailers like Amazon have hurt Borders profits enough for the book chain to consider going up for sale. Janet Babin reports a hedge fund supporting the store might end up buying it later.
What if, instead of paying per song, your iPod came with every song on iTunes? There are reports of such a subscription service in the works, but Janet Babin reports that might be exactly the opposite of what the music industry needs.
