The Big Board has announced a deal to buy the European exchange Euronext, and it may be cooking up a plan to steer more business away from the trading floor and into electronic transactions. Amy Scott reports.
The government's snapshot of the labor market released today wasn't pretty. Employers last month did a whole lot less hiring than expected. It was enough for some economists to use the term "inflection point." Scott Tong explains.
Are those Type A personalities forced to do all that work? Or are they, perhaps, workaholics? Commentator Lucy Kellaway says longer hours are good for you.
A measure on Tuesday's California ballot calls for state funding of universal preschool. It's controversial. It isn't cheap. And it's being watched closely. Apryl Lundsten reports.
If the experts are right, the vote in Peru's presidential runoff on Sunday could result in one of the least likely comebacks in Latin American political history. Dan Grech reports.
Social Security, Medicare and Medicaid funding adds up to 9% of the US gross domestic product. More than $1 trillion a year. Some economists say that'll rise to 30% by 2050. Author Charles Murray says he has a better plan . . . with a capital P.
The cost of college education continues to rise. But the wages for many campus workers are barely above the minimum wage. That's sparked a battle at one elite campus. Martha Woodroof reports.
Hedge funds are dangerous, more of a threat to the world's economy than a bird flu pandemic. That's a new warning from the European Central Bank. Stephen Beard reports.
Government food regulators are expected to release a report today calling on restaurants to give caloric information on their menus. Scott Tong has more.
The US unemployment rate hasn't been this low in five years, but wages grew at a slower pace and the hiring rate declined too. Is the economy cooling? Hillary Wicai reports.
While the attention of European men is focused on the World Cup in Germany this summer, Switzerland hopes to catch the eye, and euros, of the continent's females. Curt Nickisch reports.
The Bank of China went public today for a total of almost $10 billion dollars. Chinese banks have had corruption problems in the past — so what's the attraction? Alisa Roth reports.
The Department of Justice wants to know. The agency wants Internet providers to keep your search terms for two years — or longer. Steve Tripoli reports.
School cafeterias are obligated to serve kids a school lunch on loan if they can't pay for it. But what if, after this happens a few times, the kid's parents never repays the loan? Alex Cohen reports.
Internet phone company Vonage has struggled since it went public. It offered customers a chance to buy into its IPO early, and now says it will hold them to that deal — even though the stock has dropped 13%. Lisa Napoli reports.
At least a lot of us do. Most retailers today reported higher-than-expected sales for May. But those numbers might not stand up to a closer look. Amy Scott reports.
Wal-Mart shareholders meet tomorrow. One item on the agenda: A controversial vote that would require the company to reveal all political giving from corporate funds. John Dimsdale reports.
A government survey out yesterday finds two-thirds of all undergraduate students take on an average debt load of $19,000 to get their degrees. Jane Lindholm reports.
OPEC ministers today are expected to ignore pleas from Venezuela to cut oil production. Alisa Roth looks at the supply and demand issues behind the decision.
Exxon-Mobile could have to pay as much as $100 million more for clean-up efforts stemming from the 1989 Exxon Valdez oil spill. Janet Babin tells us why.
The US has offered to hold talks with Iran about its nuclear program, but only if it promises to stop developing weapons-grade uranium first. Iran rejected the stipulation. Stephen Beard reports.
The computer server maker has announced it's cutting 11% to 13% of its staff and making other moves to save as much as $590 million. Cheryl Glaser reports.
Online advertising revenue shot up so much in the typically-slow first quarter this year that it even outpaced figures from last year's holiday-driven fourth-quarter bonanza. Lisa Napoli has the details.
The Scripps National Spelling Bee concludes tonight with a prime-time TV special, but will viewers tune in? Eric Niiler looks at the small-screen potential of the time-honored competition.
Shares of the Bank of China began trading on the Hong Kong Stock Exchange today and quickly shot up 15%. From Beijing, Jocelyn Ford tells us why investors have been scrambling to own a piece of it.
Venezuela's outspoken President Hugo Chavez wants to cut back on oil production and send prices even higher. Will he get what he wants from OPEC ministers in Caracas? Host Kai Ryssdal talks to professor Carol Wise.
The actor who played Juan Valdez, the iconic figure of Colombian coffee, has retired. Host Kai Ryssdal talks to branding consultant David Altschul about what's been involved in the search for a replacement.
Some of the big brokerage houses in New York have agreed to pay regulators a combined $13 million. They were accused of manipulating auctions for corporate and municipal bonds. Amy Scott reports.
Hillary Clinton declared her candidacy today for reelection to the US Senate. She made no mention of a possible presidential bid in 2008, but she has amassed a $20 million war chest. Scott Tong reports.
Hurricane season begins tomorrow. And companies big and small are looking to insure themselves differently than they did before Hurricane Katrina. Cheryl Glaser reports.
Air traffic controllers and the FAA have been at the bargaining table for nine months. Neither side is ready to budge. Eric Niiler takes a look at the showdown.
In a major policy shift, the United States said it is willing to talk with Iran — if Iran suspends its nuclear fuel enrichment activities. John Dimsdale reports.
Commentator Robert Reich says his former college classmate — newly-nominated Treasury Secretary Henry Paulson — needs to do more than sell President Bush's policies to help the economy. He has to reverse them.
A report out yesterday says US gasoline imports should be able to make up for any supply disruptions that could arise from Gulf Coast hurricanes this year. Hillary Wicai reports.
Peru is one of South America's economic success stories, so why are voters looking for change? Dan Grech reports on the economic stakes of the upcoming Peruvian elections.
After yesterday's losses, European shares regained their poise this morning, and it may have something to do with Henry Paulson's nomination to become US Treasury Secretary. From London, Stephen Beard reports.
Two federal ethics officers are expected to testify today at the trial of former Bush administration executive David Safavian, who is charged with lying about his dealings with lobbyist Jack Abramoff. Hillary Wicai reports.
The automaker announces it's bringing in the president of its successful Asian division to oversee its struggling North American operation. Tess Vigeland reports.
Commentator Rudy Maxa warns there's a very good reason not to discard your airplane boarding pass: You won't believe all the information an identity thief could get from that one little piece of paper.
Unionized workers at Alcoa have threatened to strike when their contract expires at midnight tonight, but a walkout may actually help the company's bottom line. Alisa Roth reports.
Bayou Management made headlines last fall when its founder and CFO came out of hiding and admitted he defrauded investors. Sarah Gardner reports on what the bankruptcy of the hedge fund means to the industry.
Today is World No Tobacco Day but while smoking's on the decline in the US, China is still puffing away madly.That doesn't mean foreign tobacco companies are making a fortune there though. Jocelyn Ford reports.
Hillary Clinton kicks off her next Senate campaign today in New York. But the money she's raising could be positioning her for that other race in 2008. Scott Tong reports.
After 25 years the spread of AIDS seems to be slowing. But 40 million people are infected with HIV, and unprecedented resources are being spent to keep fighting it. Helen Palmer reports.
The Iraqi government says nearly 15,000 families — about 100,000 people — have been forced out of their homes by factional fighting since the US invasion. From Karbala, Borzou Daragahi reports.
Workers in Hollywood are complaining about work conditions. Not about pay. Not about benefits. About the fact that they work the weirdest hours. And now, someone's made a film about it. Lisa Napoli reports.
In a 5-4 vote, the US Supreme Court ruled that government whistleblowers are not protected by free-speech rights when trying to expose possible misconduct at work. From Washington, John Dimsdale explains.
Commentator Marcellus Andrews says the National Spelling Bee should inspire changes to the US educational system that will make America's children competitive in the world economy.
A US law requiring airlines to provide detailed passenger information on international flights coming into the country has been ruled illegal by the European Court of Justice. From London, Stephen Beard reports.
Why would Goldman Sachs CEO Henry Paulson leave the nation's most prestigious investment bank to replace John Snow as Treasury secretary? Fortune's Patty Sellers talks with host Kai Ryssdal about possible reasons.
As expected, Treasury Secretary John Snow has resigned. This morning President Bush announced he has nominated Goldman Sachs chairman Henry Paulson to replace Snow. Hillary Wicai has the details.
With all the cars on the road Monday, there were bound to be more than a couple fender-benders. But as Alex Cohen reports, changes in repair options covered by insurance companies could catch some motorists by surprise.
The South American nation is scheduled today to conclude an auction for foreign companies vying to mine its massive El Mutun iron ore deposits. But as Dan Grech reports, a state-owned venture between Bolivia and Venezuela could be the big winner.
A likely winner has emerged in the Federal Trade Commission's auction of radio spectrum to be used for wireless communications on commercial flights. Jane Lindholm tells us who it is.
An unexpected coalition of groups from across the political spectrum is forming to push through the Senate's plan for immigration reform. John Dimsdale takes a look at the members.
Investors have been yanking money out of emerging markets, in large part because they put so much money in. A World Bank report today says last year, developing countries were swamped with a record $491 billion in investment. Amy Scott has the details.
A US law requires airlines traveling to our country to provide detailed passenger information. But today, the European Court of Justice ruled the anti-terrorism measure is illegal. From London, Stephen Beard explains.
The crackdown on corporate fraud seems to be spreading to other parts of the world. Today, a court sentenced Daewoo's founder to 10 years in prison for fraud and his company no longer exists. Like Enron, it collapsed.Jocelyn Ford reports.
Wounded soldiers returning from Iraq and Afghanistan often receive the most technologically-advanced computerized prosthetics available. Not so for civilians in need of similar care. Ann Heppermann reports.
Times are good in resource-rich Latin America, but there are signs that foreign investors are skittish. An iron ore auction in Bolivia attracted just one bidder. Dan Grech reports on this lukewarm response to a hot business opportunity.
Saturday's 6.3 quake in Indonesia killed at least 5,000 people, with many more injured and some 200,000 homeless. Will there be enough aid? And will it get there in time? Amy Scott reports.
The US is reportedly trying to gather allies to launch an all-out financial attack on Iran over its plans to enrich uranium. Iran continues to insist it has a right to nuclear technology. Stephen Beard reports.
Last summer, this guy in Canada named Kyle McDonald decided he would start with one red paper clip and try to barter his way to getting a house. We couldn't resist calling to ask him why.
The issue of immigration is still rolling around in the American dialogue. Humorist and commentator Tim Bedore has a solution: build a fence. But not just on our border with Mexico. He's taking on Canada too.
The Florida Marlins have one of the worst records in baseball this season. But losing might actually be a winning business strategy for the Marlins management. Ethan Lindsey explains.
You might think the life of a young pop singer means long hours on the road between gigs, but Stephen Beard has the story of a once-struggling British singer who found fame courtesy of a Webcam.
Tourism agencies around the country are hoping to cash in on high gas and air travel prices by encouraging locals to vacation in their own backyard. Ashley Milne-Tyte has more.
Many of the nation's high schools have closed for summer break. Alex Cohen reports these days, teens needn't settle for jobs flipping burgers to make summer bucks.
