Bank of America's first-quarter earnings were expected to be disappointing, but analysts learned today that they were even worse than predicted. The subprime and credit crises are blamed. Nancy Marshall Genzer reports.
Pushing harder to get British banks to lend and borrow again, the Bank of England says it will issue $100 million worth of new government bonds and swap them for mortgages the banks can't unload. Steven Beard has more.
Biofuels are getting blamed for a global food crisis and a setback in anti-poverty efforts. Fortune magazine's Allan Sloan examines the wisdom of growing things to make them into ethanol and considers alternatives.
As the financial news remains focused on mortgages, we're hearing more about Fannie Mae and Freddie Mac. Tess asks Susan Wachter for a little help with the who's who.
It's not the most lucrative business in town, but a life in the theater has it's perks. On this week's A Day in the Work Life, we meet Off-Broadway theater owner Peter Martin.
