Latest Stories

Latest Stories

Relief groups tackle two Asian disasters

May 13, 2008
Asia now faces the aftermath of double disasters -- the quake in China and the cyclone in Myanmar. Relief groups say they have supplies to send to both countries, but getting them there is another story. Scott Tong reports from Shanghai.

What good's disclosure if no one gets it

May 13, 2008
Transparency in Wall Street's innovative but extremely complex hybrid securities is all well and good, but when the disclosed information is too hard to understand, what's the point? Bob Moon asks if financial innovation has gone too far.

Summer air travel predictions out today

May 13, 2008
Stimulus checks are arriving just in time for summer vacation plans. With air fares and gas prices up, those plans are likely to be scaled down. The air travel industry weighs in with its forecast today. John Dimsdale reports.

Lifting the veil on overseas oil deals

May 13, 2008
Motivated by rising fuel prices, oil companies are striking secret deals with foreign countries -- including corrupt ones -- to tap into their reserves. Now, the government wants disclosure. Sam Eaton has more.

Israel not settled on organics' origins

May 12, 2008
A small amount of Israel's organic foods are being produced out of settlements in the West Bank -- which is reason for some consumers to buy them, and for others not to. But Daniel Estrin reports it's often hard for the buyer to know.

Airlines' fees risk discouraging travel

May 12, 2008
American Airlines has joined the list of carriers charging an extra $25 to passengers who check a second bag. Add to that fuel surcharges and other fees and, as Nancy Marshall Genzer reports, the airlines could send customers packing.

Pro-Israel Americans want new voice

May 12, 2008
A new Jewish lobbying firm called "J Street" has set up shop in Washington. Kai Ryssdal talks with its Executive Director Jeremy Ben Ami about why the group thinks there's room for a different approach to the Middle East and foreign policy.

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Most Bear staff to be out on the street

May 12, 2008
JPMorgan CEO Jamie Dimon says he's only going to keep about 40% of the current Bear Stearns staff on the payroll. That decision is going to make an already tough job market on Wall Street even more difficult. Ashley Milne-Tyte reports.

Economic problem: 'The rise of the rest'

May 12, 2008
Commentator Fareed Zakaria says the growth of developing economies is a major factor in our current economic crisis. We know how to handle a recession, he says, but the worldwide growth we're now seeing isn't something we've dealt with before.

Infrastructure investment is building

May 12, 2008
Morgan Stanley announced today it has collected $4 billion for a new infrastructure fund. Credit Suisse and General Electric did them one better, raising more than $5 billion. Jill Barshay reports on where they're going to put all that money.