House lawmakers today consider a proposal to create independent commissions to review spending programs for waste and possible termination. John Dimsdale reports.
Earlier this year, inflation seemed mostly limited to the gas pump, but now higher prices are showing up elsewhere. The core consumer price index and core inflation rate are on the rise.
British oil giant BP appears to have sprung a leak in more ways than one. The company is shutting down even more wells in Alaska after whistleblowers contacted the Financial Times. Stephen Beard reports.
Corona is America's No. 1 imported beer. Tuesday its brewer announced a shakeup in how it's distributed in the US. Franc Contreras reports from Mexico City.
Russia's state-owned oil company Rosneft went public today, offering shares on the London Stock Exchange. Stephen Beard reports the move highlights Russia's new brand of "state capitalism."
It wasn't just everyday citizens taking advantage of disaster relief chaos in the wake of Hurricane Katrina. Now auditors report tales of wasteful spending by Homeland Security workers. Scott Tong reports.
Chinese squatters have been registering trademarks of high-profile Western companies, hoping they'll pay ransom to retrieve their logo rights in China. Jocelyn Ford reports, they don't always know who they're targeting.
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