Latest Stories

Latest Stories

Ohio's National City bank hit by crisis

Apr 21, 2008
Ohio-based National City bank, the nation's 10th largest, says it's going to be seeking $7 billion in new capital. It will be looking to private equity firms and hedge funds for help. Ashley Milne-Tyte explains how the mortgage crisis is moving to Main Street.

Green Cards and Social Security

Apr 21, 2008
Question: I have 2 questions: 1: Is it true only US Citizens can collect SS when they retire; Green card holders do not qualify?...

BofA earnings worse than expected

Apr 21, 2008
Bank of America's first-quarter earnings were expected to be disappointing, but analysts learned today that they were even worse than predicted. The subprime and credit crises are blamed. Nancy Marshall Genzer reports.

Cost of emission caps questioned

Apr 21, 2008
A report out today counters criticism that capping greenhouse gas emissions will be tough on the U.S. economy. The Environmental Defense Fund bases its findings on several other reports. Sam Eaton explains.

Craigslist is a public service, CEO says

Apr 21, 2008
Newspapers don't much like craigslist -- How can they compete with a Web site that runs free classifieds? But Kai Ryssdale learns from craigslist's CEO that the company considers itself a public service, not a rival.

Airlines pitch merger to Congress

Apr 21, 2008
Delta and Northwest airlines have hired high-powered lobbyists, including two former Senators, to help them persuade Congress that their merger is a necessity in the current economic climate. John Dimsdale reports.

$100 billion plan for U.K. credit crunch

Apr 21, 2008
Pushing harder to get British banks to lend and borrow again, the Bank of England says it will issue $100 million worth of new government bonds and swap them for mortgages the banks can't unload. Steven Beard has more.

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Are biofuels hurting the planet?

Apr 21, 2008
Biofuels are getting blamed for a global food crisis and a setback in anti-poverty efforts. Fortune magazine's Allan Sloan examines the wisdom of growing things to make them into ethanol and considers alternatives.

Teens have to hustle for summer work

Apr 21, 2008
Teens are going to have a tough time landing a summer job this year. They'll be competing with laid-off workers for the food service or retail work teens typically sign up for over summer vacation. Stacey Vanek-Smith reports.
A job seeker looks at a job listing board in Oakland, Calif.
Justin Sullivan/Getty Images

Economist survey: Low is yet to come

Apr 21, 2008
A quarterly survey of 109 corporate economists finds them in a pessimistic mood about the future of their businesses. Higher commodity costs are one reason for the gloomy outlook. Jill Barshay reports.