The airline industry looks to be back in the high skies, with Delta, US Airways and American Airlines all reporting profits from the summer season. Everyone's remaining optimistic. Bob Moon reports on how the airlines have fared so well.
In light of the foreclosure paperwork fiasco, investors at private funds and mortgage-investment giants are looking to get their money back. And as Bob Moon tells Kai Ryssdal, they may just be able to, thanks to something called a "put back."
Today marked the deadline for mortgage lenders to review their foreclosure procedures, in the wake of the latest discoveries about faulty paperwork. Fannie Mae and Freddie Mac stand among the major players. Bob Moon reports on how it's coming along.
Insurance company AIG is in talks with members of the Fed and the Treasury Department on how the company will return the billions the government lent AIG.
The flood of paperworks from foreclosures is overwhelming mortgage servicers. One bank representative detailed the practice of "robo-signing," signing off on foreclosures without verifying the information in the documents, in sworn depositions.
The lights are going out at General Electric's last big U.S. factory making incandescent bulbs. The lighting that Americans have used for the past century has been mandated out of existence within the next few years, and GE is moving manufacturing for next-generation bulbs to China. Bob Moon reports.
The market is volatile, employment is uncertain… But the Consumer Price Index remains stable, which in more normal times, would be a good thing. But the stable CPI makes some economists concerned about inflation and deflation.
