The bankrupt air carrier is expected to post a third quarter loss today while it continues to squabble with its pilots over salary and benefit cuts it says are necessary to make the company solvent. Bob Moon reports.
Finance expert Chris Farrell tells Scott Jagow that a windfall profits tax for oil companies is a bad idea, and that oil companies actions indicate they think the spike in gas prices is short-term.
Investors are bullish on robots. Shares of iRobot Corp. rose sharply Wednesday after the company, which makes mobile floor sweepers and electronic military porters, went public. Lisa Napoli reports.
A report out today from the National Center for Public Policy and Higher Education predicts personal income will fall, along with the number of Americans with high school and college diplomas, if current demographic trends continue. Amy Scott reports.
In light of the collapse of trade talks at the recent Americas Summit, commentator Robert Reich concludes much of the world remains unconvinced about the benefits of free trade.
CEOs from ExxonMobile, CononcoPhillips and three other oil companies go before a joint Senate committee today to try and justify record profits in light of record high gas prices. John Dimsdale reports.
Blockbuster is expected to report a third quarter loss today. Efforts to adjust its brick-and-mortar business model to compete with on-line DVD distribution don't appear to be working. Jeff Tyler reports.
Competing ballot initiatives before voters in California today look to address the rising cost of prescription drugs. The primary differences lie in who supports them and how regulated they would be. Tamara Keith reports.