Latest Stories
Latest Stories
Did Societe Generale know of illicit trading?
Feb 21, 2008
Societe Generale reported that Jerome Kerviel, the rogue trader, cost the company around $5 billion. Though the company claims he did the trading on his own, an internal report revealed he had received big bonuses. Stephen Beard reports.
The death of the auction-rate market?
by
Bob Moon
Feb 21, 2008
Bond issuers and banks are joining with big-time investors in getting out of the auction-rate securities market which, among other things, has helped state and local governments fund public works projects. Bob Moon reports.
Turning space into Virgin territory
by
Alisa Roth
Feb 21, 2008
Sir Richard Branson's space carrier, Virgin Galactic, is scheduled to launch in two years. But Branson is already planning to add five more spaceships to his fleet. Alisa Roth has more on this frontier.
Colleges helping to battle student debt
Feb 21, 2008
Private universities are taking strikes to eliminate student debt by covering more of the cost for lower-income families. Scott Jagow gets down to the bottom line with economics correspondent Chris Farrell.
What to do with a German treasure
by
Doug Krizner
Feb 21, 2008
German treasure hunters may have discovered a long-lost room carved out of amber and gold leaf stolen by Nazis from Russia during World War II. Reporter Brett Neely explains to Doug Krizner who could take the Amber Room.
More red flags from SocGen trader
Feb 21, 2008
Societe Generale managed to report a $1.3 billion profit last year -- an 82 percent drop on the year before, thanks largely to the faux pas of trader Jerome Kerviel. Stephen Beard reports more red flags tagged in his case.
The world of vinyl lives on
Feb 21, 2008
It may take up a minuscule part of the music market, but vinyl records saw a 15 percent spike in sales last year. Brendan Newnam visits a record-pressing plant in California and learns more about the business.
For public good, not for profit.
CalPERS sees green in forest investing
Feb 21, 2008
The California Public Employee Retirement System, or CalPERS, is investing more than $2 billion in forest projects in a move environmentalists are calling trend-setting. Sarah Gardner reports on sustainable forest investments.
Legal kidney sales to fight black market
Feb 21, 2008
The Cato Institute is petitioning for the legal sale of human kidneys as a way to snuff out the kidney black market. Nancy Marshall Genzer reports the ethical issues involved and the recommended selling process.
GMAC puts squeeze on offices
by
Jill Barshay
Feb 21, 2008
GMAC will be closing most of its North American auto-financing offices and even cutting jobs to save money. Jill Barshay reports this doesn't mean you can't get a General Motors car loan, but it may take longer to get approved.