Boeing and Lockheed Martin both announced major cost-cutting moves this week. Why? These giants of the defense industry believe the Pentagon when it says it's going to cut spending significantly. Nancy Marshall Genzer reports.
A few years ago California passed a law to reduce emissions of gases linked to global warming. Now there's a proposition on the November ballot to put the measure on hold — until the state economy improves. Eve Troeh reports.
Austan Goolsbee is expected to be named today top economic adviser to President Obama. Reporter Scott Tong talks with Bill Radke about Goolsbee will bring to the job.
In many cities around the U.S., there are people who live near major airports. But most flights usually take off and land during the day. In one Tennessee airport, though, the real action happens at night. And residents don't seem to mind. Jeremy Hobson reports.
After the memorial service commemorating 9/11 in New York, rallies are set to kick off a few blocks north of Ground Zero — in front of the now-famous site of a planned Islamic center and mosque. Ashley Milne-Tyte asked some business owners in the neighborhood whether the center might help or hurt their bottom line.
The whole week's business news in just one Marketplace Minute. This week: Mark Hurd's move to Oracle sparks a rift, BP spreads oil spill blame, President Obama defends his stimulus moves, and bye-bye to Nokia's CEO.
Oil cartel OPEC is celebrating its 50th anniversary. On September 10, 1960, a conference kicked off in Baghdad which led to its formation. Europe correspondent Stephen Beard talks with Steve Chiotakis about whether OPEC has been a success.
Jews around the world are celebrating the final day of Rosh Hashanah. And it's customary for those observing the holiday to eat apple slices dipped in honey, to wish for a sweet new year. But recently, con artists have been trying to take advantage of the market. Daniel Estrin reports.
President Obama is going to hold his eighth White House news conference — where the economy is sure to be a big topic. Jill Schlesinger, editor-at-large at CBS MoneyWatch, talks with Steve Chiotakis about whether his plan is going to actually create jobs.
President Obama held a conference in the White House to discuss the economy, what to do to get people buying again, and how to get people back to work. Reporter Scott Tong talks the details with Steve Chiotakis.
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