The nation's biggest banks have been chatting amongst themselves about how to make sure the liquidity squeeze doesn't get worse. They've decided it's time to put up or shut up — and Treasury is involved. Jill Barshay explains.
A study by the website ConsumerLab.com has raised questions about a generic version of Wellbutrin, a popular antidepressant. Makers of other generics are worried the news might send consumers back to brand names. Jill Barshay reports.
It's now the European Union's turn to get cranky over cheap Chinese imports and call for China to revalue its underpriced currency. But does the E.U. have the economic leverage to force a change? Jill Barshay reports.
Marlboro cigarette producer Altria is moving its headquarters to Virginia and plans to cut off the $7 million a year it gives to New York arts groups. Jill Barshay reports the funds won't easily be replaced.
Magazine publishers are having the same problems as newspapers as readers and advertisers desert them for the Internet. Now some big names like Vogue and Time might not even make it to newstands next week. Jill Barshay reports.
The record industry is finally going to trial after thousands of lawsuits against people who share music online illegally. The results of the trial could affect future lawsuits, as Jill Barshay reports.
Fashion designer Valentino, whose brand was bought earlier this ear by a private equity firm, is presenting his last ready-to-wear show in Paris. Jill Barshay reports that the namesake has come to succeed the person.
Finnish cellular giant Nokia, the world's largest maker of mobile phones, is apparently navigating its way into the future with the purchase of Navteq, the digital mapping company. Jill Barshay reports.
Oil hit yet another record high on the world market today, topping $83 a barrel. But experts say the price might be artificially inflated by investors flocking to oil as an investment hedge against a dollar in decline. Jill Barshay reports.
