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Latest Stories

Latest Stories

Did banks manipulate key index?

Apr 17, 2008
Concern is growing that banks may have been hiding their distress by manipulating a key financial benchmark called the LIBOR. It's used as the basis for millions of financial transactions around the world, including mortgages and corporate loans. Stephen Beard reports.

Jail unlikely for indicted Samsung exec

Apr 17, 2008
Samsung CEO Lee Kun-Hee is a very powerful man in South Korea. So powerful that, although he has been indicted on tax evasion charges, he is not likely to face jail, if convicted. Jeremy Hobson reports.

Does FAA need to fix inspections?

Apr 17, 2008
The FAA is working on improving the way it deals with airline safety. One thing it's tackling is how to ensure airlines are complying with safety directives, while trying to avoid cancellation chaos. Ashley Milne-Tyte reports.

Commercial banks feeling crunch too

Apr 17, 2008
Merrill Lynch reported $6 billion new write-offs for the first quarter, and the brokerage says it will have to cut 4,000 jobs. Analyst Tanya Azarch talks about the bigger picture for investment and commercial banks.

Let's End Tax Subsidies for Housing?

Apr 17, 2008
Homeownership has been long a vibrant part of achieving the American Dream. But these days owning a home is more like starring in a horror flick,...

Congress takes up student loans

Apr 17, 2008
The House was expected to pass legislation today aimed at stabilizing and expanding the federally guaranteed student loan market. Steve Henn reports.

Switching Life Insurance Plans?

Apr 17, 2008
Question: I am a single, 40 year old woman, no dependents. I got a New England Life Insurance policy about 13 years ago - not for a payout if I die...

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Farm bill delayed as food costs soar

Apr 17, 2008
Congress has put off a farm bill for two weeks, after it couldn't agree on how to pay its $280 billion price tag. Beyond the cost, there's the issue of subsidies leading to more political liability as food prices keep rising. Sam Eaton reports.

Lust for oil soaring outside U.S.

Apr 17, 2008
Oil prices have topped another record. U.S. crude was fetching well over $115 a barrel in London this morning. As Stephen Beard reports, speculation and uncertainty about supply lines have hedge funds placing bets.

Many miss benefits of free trade

Apr 17, 2008
President Bush wants to fast-track a free trade agreement with Colombia, but Democrats on Capitol Hill are objecting. Marketplace's economics correspondent Chris Farrell weighs in on the debate.