Every year, Chinese travelers spend $30 billion going abroad. So U.S. vacation hot spots are marketing to the Chinese. But marketers should know a few things first. Scott Tong reports from a tourism expo in Shanghai.
An FDA panel is expected to endorse a new blood-thinning drug by Eli Lilly. The decision could have a big impact on how powerful drugs with potentially risky effects are brought to the market. Dan Grech reports.
President Obama is set to announce New Hampshire Republican Sen. Judd Gregg as his choice for Commerce Secretary today. By choosing Gregg, Obama may be hoping to soften GOP resistance to his stimulus plan. Nancy Marshall Genzer reports.
Many banks are nervous about lending, making it difficult for homeowners to refinance their mortgages. A House committee is meeting today to see what can be done to keep homeowners near foreclosure in their homes. Shia Levitt reports.
The European Union is attacking the "Buy American" clause in the U.S. economic stimulus plan. The clause seeks to ensure that only U.S.-made materials are used in projects funded under the bill, which foreign steel makers fear will lead to a loss in business. Stephen Beard reports.
President Obama is expected to nominate his top technology adviser, Julius Genachowski, for chairman of the Federal Communications Commission. His appointment could significantly affect the nation's high-tech landscape. Ronni Radbill reports.
The Screen Actor's Guild has been embroiled in a bit of drama lately. Actors have been working without a contract since June, members have been fighting with each other, and the guild's top negotiator was recently ousted. Rico Gagliano reports.
Citigroup unveiled plans to use $36.5 billion of the $45 billion it got in bailout money on lending. The bulk of the money will go towards mortgage loans. Nancy Marshall Genzer reports.
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