Fannie Mae announced a $2.3 billion loss for the quarter that ended in June, which makes some wonder what's next for the housing market and the American economy. Steve Henn reports.
UBS says it will buy back $19 billion-worth of auction-rate securities from its customers. With billions of losses already on its books, can UBS afford it? Bob Moon reports that maybe they can't afford not to.
If you've redeemed frequent flier miles lately, you may have found airlines are adding fees to them. The idea behind frequent-flier programs was to build customer loyalty. How long can the fees continue before the loyalty disappears? Alisa Roth reports.
Some consumers are pushing their carts away from more expensive natural and organic brand names. So the Safeway grocery chain is offering its cheaper organic label — even for competitors' shelves. Renita Jablonski reports.
Tens of thousands of new consumer products hit American store shelves every year. About 90% fail. A Michigan consulting company collects many of those products, and companies pay big bucks to get inside and have a peek. Dustin Dwyer reports.
Private-equity firms invested just $50 billion in the U.S. in the first half of this year, compared to $300 billion last year. Private equity is a notoriously private business. But Amy Scott got a rare look at how one firm is adapting.
Mac's Seafood in Wellfleet, Mass., has been serving up eats to hungry beach-goers since 1995. For our Hot Jobs series, we stopped by to talk to one of the servers, who says the whole place really cooks.
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