It's prime fund-raising season in Washington, with midterm elections six months away. Some politicians are trying to rise above the mediocre when it comes to entertaining. Scott Tong checked out one of the events.
Albert Jefferson Jr. and Henry McCloskey returned to New Orleans to rebuild their businesses and their lives. So which candidate in tomorrow's election do they think can rebuild the city? Sam Eaton reports.
Federal investigators are examining whether some companies illegally manipulated stock option grants to give their executives more favorable returns. Bob Moon reports.
Bankrupt Northwest Airlines' tentative labor agreement with its ground workers could signal smoother skies ahead for the air carrier. But there still may be some grumpy employees on board. Hillary Wicai reports.
In the future, a single card may be your ticket to everything. You'll use it to access your bank account. Without it, you can't travel on a plane or collect social security. Bob Moon reports on the battle over "Real ID."
As the National Rifle Association prepares to open its annual meeting in Milwaukee today, Dan Grech takes a look at the current state of the gun industry.
They're supposed to promote home ownership through more affordable mortgages, but a Fed economist says government-sponsored lenders Fannie Mae and Freddie Mac are lining shareholder pockets instead. Stacey Vanek-Smith reports.
Brad Pitt and Angelina Jolie have agreed to sell exclusive rights to publish photos of their baby for $5 million. Lisa Napoli looks at what the magazine landing the exclusive gets in return.
Daily Variety editor Michael Speier talks to host Mark Austin Thomas about why advertisers so far are reluctant to sponsor the network's new fall TV shows.
Ahead of this weekend's mayoral election in New Orleans, Sam Eaton looks at the politics — and whether a victory by either candidate will matter much to the pace of reconstruction in the Crescent City.
Mittal is the world's biggest steelmaker and it's been trying to take over No. 2 Arcelor for months. Today Mittal took its $24 billion offer straight to the shareholders. Amy Scott reports.
Despite tight budgets, politicians are throwing money at courts that provide rehabilitation for drug offenders. Jeff Tyler travels to Orange County, Calif., to find out if it's money well spent.
An FDA panel today approved Merck's vaccine to control human papillomavirus. The new drug could prevent cervical cancer and save 300,000 lives a year. But can it cure some of Merck's Vioxx headaches? Helen Palmer reports.
The film version of Eric Schlosser's "Fast Food Nation" debuts at the Cannes Film Festival this week. It won't be released in the US until this fall, but the fast-food industry is already gearing up to push back. Tess Vigeland reports.
The SEC announced yesterday it will not exempt small businesses from strict Sarbanes-Oxley accounting standards meant to prevent Enron-style fraud. Stacey Vanek-Smith reports.
As the WNBA prepares to kick off its 10th season this weekend, business of sports expert David Carter talks to host Mark Austin Thomas about the challenges faced by women's professional sports leagues.
According to a AAA report out today, high gas prices are likely to cause many American to vacation closer to home this summer — and spend less. Alex Cohen has more.
Illegal immigrants coming into the United States are using increasingly sophisticated networks of smuggling and document fraud. Sanden Totten has the details of one woman's story.
President Bush signed the $70 billion tax cut into law today — and Congress is looking at cutting another $23 billion. Commentator and former Labor Secretary Robert Reich wonders why we keep cutting taxes when we're spending so much money.
The automaker announced it will build a $400 million factory in the Midwest, the same day GM laid off hundreds of UK employees. It's more evidence that Japan's auto industry is thriving as American carmakers struggle. Steve Tripoli reports.
Hospitals are increasingly building their facilities with the environment in mind. Not just because it's the right thing to do, but because they can save money. Shia Levitt reports.
Legislation moving through Congress would allow Internet providers to charge differing rates to different companies. It's part of the most drastic change to telecom law since 1996. Kai Ryssdal talks to Lisa Napoli about why we should care.
The government said today that inflation may be back, and investors expressed their concern. Cheryl Glaser looks at why Wall Street was so unhappy with the news.
The phone companies continued today to deny they were complicit in any criminal behavior. And, the National Security Agency began briefing members of the Intelligence Committees. John Dimsdale sorts through it all.
The immigration debate has focused on illegal, unskilled labor, but the Senate bill also includes a plan to allow more skilled foreign workers into the US. Miranda Kennedy reports.
This morning the government released its monthly index of how much things cost, the Consumer Price Index.Should the inflation hawks be nervous? Hillary Wicai reports.
After mediocre box office receipts for Poseidon and Mission Impossible: III, Hollywood is hoping for a home-run with the much-hyped Da Vinci Code, debuting today at the Cannes Film Festival. Tess Vigeland has more.
Almost a third of the money Medicare spends on chronically ill seniors is wasted, according to a new study out from Dartmouth Medical School. Helen Palmer tells us why.
Commentator and economist Len Burman says the tax-cut bill President Bush will sign this week is actually not the best way to go about reducing the tax load.
There's nothing as good as mother's breast milk for a baby. Increasingly, that milk could come from businesses that operate on a strictly for-profit basis. Nancy Mullane reports.
The Big Apple is suing 15 gun dealers in five states, from Georgia to Pennsylvania. Mayor Michael Bloomberg says guns from those states were used in more than 500 NYC crimes in less than a decade. Amy Scott reports.
The Cannes film festival begins this week in France and John Laurenson found a way to feel like a star at the event. Soiree de Star will make you feel like a celebrity too — for a price.
Looks like President Bush might just get that guest worker program. But now somebody's got to figure out the hard parts, like how to track millions of undocumented or falsely documented workers. John Dimsdale reports.
An American business group in China said today that government crackdowns on piracy haven't accomplished a thing. So companies are taking things into their own hands. Jocelyn Ford reports from Beijing.
Wal-Mart is expected to report double-digit earnings growth today. But future quarters may not be as rosy as the low-cost retail giant is forced to raise prices to meet rising costs and Wall Street profit demands. Alisa Roth reports.
The IRS is yanking tax-exempt status from dozens of credit counseling agencies found to be taking advantage of their clients — people already desperate for financial help. Lisa Napoli reports.
Boeing agreed to pay more than $600 million to settle a whole slew of criminal charges related to its contracting process. But the company has avoided further penalties. Tess Vigeland reports.
In our continuing series of interviews with corporate leaders, "Conversations From the Corner Office," Kai Ryssdal discusses strategy, and fish tanks, with the chairman of Viacom and CBS.
British Prime Minister Tony Blair is in trouble. His approval ratings have plummeted for a lot of reasons, including one that first got him elected nine years ago. Stephen Beard reports from London.
The president's speech on immigration tonight may pacify some conservatives worried about border control, but it may not be as well-received among other, more business-minded conservatives. John Dimsdale reports.
Are mobile phones the dot-coms of the new century? Lisa Napoli takes a look at the push to put everything from a Paris Hilton game to the nutritional content of your food on your mobile phone.
The US Supreme Court decided today that taxpayers cannot sue their local governments over tax giveaways to corporations. Scott Tong looks at what that means for you.
The immigration debate is expected to take front and center today as President Bush makes a televised pitch for his guest worker program and the Senate prepares to vote on its immigration reform bill. John Dimsdale reports.
After a week off, Ken Lay and Jeffrey Skilling are back in court today for closing arguments in the Enron accounting fraud case. Tess Vigeland has a preview.
