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Latest Stories

Latest Stories

Rate hike fears drop markets

Jun 8, 2007
U.S. stock markets continued their plunge and investors spooked by inflation worries fled the bond market yesterday, sending prices tumbling. It all has a whole lot to do with central banks upping interest rates, Amy Scott reports.

Despite advances, stem-cell investors still wary

Jun 8, 2007
Backers of stem-cell research say federal funding's needed, because wary investors won't step up to the plate. Investors worry that promising new therapies won't be profitable for years. Steve Tripoli reports.

Backlog puts passport requirements on hold

Jun 8, 2007
As part of a drive to boost security, the State Department mandated that travelers to Canada, Mexico and the Carribbean have a passport. But the demand has caused months of document delays. Dan Gretch reports.

Health care reform

Jun 7, 2007
The pressure for genuine health care continues. The good news is that Democratic candidate Barack Obama has come up with a serious approach for...

Airlines get pension relief from Iraq spending bill

Jun 7, 2007
In the $120-billion Iraq war spending bill President Bush signed two weeks ago, amendments were slipped in that give financial breaks to two airlines. A couple of senators want to know how they got in there. John Dimsdale reports.

Mortgage fraud's costs go beyond the loan

Jun 7, 2007
Widespread mortgage fraud has completely skewed home prices in some neighborhoods and raised questions about the late days of the housing boom. Mhari Saito reports.

A G-8 agreement on climate change? Well...

Jun 7, 2007
At the G-8 Summit, President Bush made it clear he wouldn't go for a climate-change agreement. So it was curious today when word came of . . . an agreement. One that calls for big cuts in greenhouse gases. Sam Eaton reports.

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Shopping via satellite

Jun 7, 2007
Sprint has launched a new service that will let cell-phone users shop with the help of GPS technology. Ashley Milne-Tyte reports.

Britain has its health care problems, too

Jun 7, 2007
Britain's National Health Service is plagued by patient complaints of poor-quality care and long waits for some procedures. The problems have prompted calls for the NHS to lower its sights. Stephen Beard reports.

How do you bribe a billionaire?

Jun 7, 2007
Prince Bandar bin Sultan, former Saudi Arabian ambassador to the U.S. and close friend of the Bush family, is facing allegations of taking billions of dollars in kickbacks from a British arms dealer. Steve Henn reports.