First it was Chrysler, and now it looks like GM is headed to bankruptcy. In both situations bondholders have had significant power deciding the fate of the company. Why? Amy Scott reports.
Micki Maynard from the New York Times speaks with Kai Ryssdal about the latest potential plan for troubled automaker GM, which has the Treasury Department owning 70% of the company if it declares bankruptcy.
Bank of America and Citigroup are mulling raising the base pay for investment bankers in response to lost income over bonus limitations. Bob Moon reports.
British Prime Minister Gordon Brown is promising to punish lawmakers in his party for questionable parliamentary expenses. The controversy has erupted into a major political crisis, and may bring big reforms. Stephen Beard reports.
Pop-up stores open up quickly and only for a few months. Target uses them regularly, and now high-end retailers like Hermes are getting in on the game. Sally Herships reports on this new trend.
Supreme Court nomination battles often give rise to big advertising and lots of cable chatter. As Steve Henn reports, that may be because some institutions have a big interest in egging on the fight.
The road for Supreme Court nominee Sonia Sotomayor to become a justice is just beginning. Commentator David Frum says she's not a justice for these times. And she's not the only one.
Author Barry Ritholtz talks with Kai Ryssdal about his new book "Bailout Nation" and why he believes the U.S. is giving out too much money to support failing businesses.
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