UBS says it will buy back $19 billion-worth of auction-rate securities from its customers. With billions of losses already on its books, can UBS afford it? Bob Moon reports that maybe they can't afford not to.
After some nudging by authorities, Citigroup says it'll buy back billions of dollars worth of auction-rate securities to settle accusations of fraudulent sales. Bob Moon reports.
When the Fed gets together to discuss interest rates on Tuesday, inflation and the high prices consumers are seeing will be at the top of the agenda. Bob Moon reports.
The big bank had been waiting with the hope of breaking even on its loan portfolio, but announced late yesterday that it will sell off its repackaged debt at a huge loss. Bob Moon reports.
Last week, government regulators put temporary restrictions on short selling, or borrowing stock and then selling it. The rules were meant to prevent companies from going into free-fall, but did they help? Bob Moon reports.
Critics are pushing for a no-confidence vote against the Indian government sparked by a controversial nuclear deal with the Bush Administration. Bob Moon talks about the deal with reporter Mehul Srivastava from New Delhi.
Banks report their latest profits starting next week and investors are notably skeptical. Bob Moon reports Wall Streeters will be taking a good, hard look at what's going on in the next few weeks.
Ridding ourselves of foreign energy sources is nothing but a myth according to "Gusher of Lies" author Robert Bryce. Host Bob Moon talks with Bryce about setting realistic energy goals for the U.S.
