The Fed will be looking at two key inflation measures this week: Tomorrow we'll get a read on July wholesale prices and Wednesday the Labor Department reports on consumer prices. But officials may have something else on their minds. Amy Scott has more.
Despite private-equity firms struggling with the credit market clamp down, Blackstone Group still posted a healthy profit last quarter. But Amy Scott reports the company may have more challenges ahead.
Mattel recently recalled nearly a million toys made a Chinese supplier because they contained dangerous levels of lead paint. Over the weekend, the head of that company reportedly committed suicide. Scott Tong reports.
Allan Sloan says subprime is too nice a word for the high-risk mortgages that were bundled then sliced and diced and served up to investors. He says maybe they'd have thought twice before buying into garbage mortgages… or maybe not.
It's the latest trend in fundraising, er make that "friend raising." A growing number of colleges and universities now offer their most devoted alumni a chance to spend the afterlife back on campus. Jeremy Hobson has the story.
A team of Danish scientists shipped out this weekend for a month-long mapping expedition in the Arctic Ocean. It's the latest move in what's become a high-stakes race to claim the Arctic's potential oil reserves. Sam Eaton reports.
Central banks around the world stuffed unprecedented wads of cash into their banking systems to stop last week's global market freefall. It's worked for now, but some in the industry are waiting for more bad news. Stephen Beard explains.
With more studies out on the potentially serious side-effects of Avandia, GlaxoSmithKline is trying to revise marketing for its once second-best selling drug. Stephen Beard reports.
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