With drugs now going generic faster than new ones getting developed, some analysts predict big pharmaceutical companies will report the worst drop in quarterly profits in years.
S&P announced yesterday that it would downgrade the outlook on U.S. debt to negative. The news shocked Wall Street and Capitol Hill, but for Europeans, the credit ratings story is old news.
General Motors continues to target China as its newest growth market. GM will debut the new Chevrolet Malibu at the Shanghai Auto Show this week, and will introduce 60 new and upgraded models there over the next five years.
Steve Chiotakis talks to Microsoft co-founder Paul Allen about the first steps to getting a good idea off the ground, why the competitive landscape for tech companies is way tougher than when Microsoft was founded and whether we're in the middle of a new tech bubble.
Juli Niemann, analyst at Smith, Moore and Company, explains how lower-than-expected first quarter earnings do not reflect the state of the recovery, and consumer confidence.
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