Bank of America CEO Kenneth Lewis surprised the bank's board with his retirement announcement yesterday. Though he won't get a severance package, he will get a pension valued at more than $50 million. Alisa Roth reports.
Today commemorates the 60th anniversary of the Communist Party's overtaking of China, and the country is still growing in the global economy. Steve Chiotakis discusses why with Marketplace's Scott Tong.
With Fashion Week at full speed, we thought we'd get a handle of the industry from an expert. Steve Chiotakis talks to Project Runway's Tim Gunn about what designers are focusing on through the economic downturn.
The Internet Corporation for Assigned Names and Numbers, which is responsible for assigning domain names, will make more endings available beyond just dot-com, dot-net, and dot-biz. That has some U.S. companies reeling. Ashley Milne-Tyte reports.
The House and Senate have agreed to reconcile different versions of an agriculture bill worth about $23 billion, which includes a bailout for dairy farmers. Joel Rose explores who the bill would help most.
British fraud investigators are accusing BAE, the U.K.'s biggest defense firm, with bribery. The fourth-largest supplier to the Pentagon has been accused of paying millions in bribes to win contracts overseas. Stephen Beard reports.
Mortgage holders who have been turned down for loan modifications can at least take solace in a bit of clarity. Starting today, the Treasury will require financial institutions to say why they reject requests. Danielle Karson reports.
General Motors is getting rid of its Saturn brand after a deal to sell it to former race car driver Roger Penske fell through. Steve Chiotakis talks to Marketplace's Alisa Roth about why the deal flopped.
Some of America's biggest banks have announced changes to their overdraft policies, but that's not stopping Congress from considering a crackdown. Bill Radke talks to L.A. Times business columnist David Lazarus.
Consumer spending, propelled by the wildly popular Cash for Clunkers auto sales program, shot up in August by the largest amount in nearly eight years. Steve Chiotakis gets more from Bill Stone of PNC Wealth Management.
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