Subprime finger-pointing has caused credit-rating agency Moody's to consider reforming its valuation system. But critics are complaining it won't fix the industry's larger problems. Bob Moon reports.
Free doesn't always mean legal when you're downloading music. And critics say the recording industry's muddying the waters its spent years in court trying to clear up. Bob Moon reports.
The recording industry has gotten serious about illegal file sharing. In the last four years it has filed thousands of lawsuits. But, as Bob Moon reports in a special series, even those targeted by mistake, like Tanya Andersen, get no reprieve.
The private-equity firm Kohlberg Kravis Roberts has agreed to conditions on loans it's taking out to buy the credit card processing firm First Data. Bob Moon explains.
The news keeps getting worse for many American homeowners. New data shows that the rate of home loans in foreclosure has hit a record high for the third quarter in a row. And there's no end in sight, Bob Moon reports.
The Labor Department reported today that the employment market lost ground for the first time in four years. The news shocked many analysts, and it could give the Fed some added cover to cut interest rates. Bob Moon reports.
Investors clearly have a ways to go before they'll be feeling better, based on the latest economic reports. Today, a Bush administration official warned they could be waiting a long time. Bob Moon reports.
Southwest Airlines has been watching its fuel costs rise. So it's passing along those costs to its customers. Bob Moon reports that Southwest's competition is only too happy to go along for the ride.
Thanks to the subprime mess, China now has its own problems with tainted imports. Its been buying products of the financial variety from American banks and brokers — including big slices of mortgage-backed securities. Bob Moon reports on whether that could be a problem.
Relative calm has settled in the stock markets. But there are still some unsettling noises coming from the housing and mortgage industries. Recently, tens of thousands of people in the lending business have lost their jobs. Bob Moon reports.
