Latest Stories

Latest Stories


Mortgage meltdown hits Bear Stearns

Amy Scott | Jun 20, 2007
Two hedge funds managed by Bear Stearns are on the brink of collapse, victims of the subprime mortgage market going south. Amy Scott reports that the trouble could spread beyond big banks.
Posted In: Investing, Wall Street

Murdoch may want his space at Yahoo

Janet Babin | Jun 20, 2007
Rupert Murdoch reportedly is in talks to swap his social networking site for a 25% stake in Yahoo. Janet Babin has the 411.

Lenders face school-loan cuts

| Jun 20, 2007
Today the Senate Education Committee voted to reauthorize the Higher Education Act. Jeremy Hobson has a report card for what the proposed changes would mean for student loan lenders large and small.
Posted In: Washington

U.K. puts private-equity on the hotseat

Tess Vigeland | Jun 20, 2007
Execs from five of the world's largest private-equity firms went before the British Parliament today to address questions on how their deals should be taxed. Francesco Guerrera of the Financial Times has the details.
Posted In: Investing

China cracks down on slave labor

Scott Tong | Jun 20, 2007
China's government has announced a crackdown on enslavement after reports of widespread human trafficking. Scott Tong tracked down two laborers who shared their experiences of being abducted and forced to work.

To fund alternatives, raise energy prices

| Jun 20, 2007
What to do about global warming and how to wean ourselves off of oil is on the minds of many presidential candidates. But commentator David Frum says, so far, their solutions fall short of the mark.

Laws send 'greasers' into a spin

| Jun 20, 2007
A small but growing number of drivers are starting to convert their diesel cars to run on vegetable oil. Yet, many states are cracking down on these gasoline refuseniks with special taxes and penalties. Jessica Jones reports.

Carbon auction's your winner

| Jun 20, 2007
Robert Reich has a suggestion for the 2008 presidential candidates: Forget the carbon tax. Forget the cap-and-trade system. If you want to clean up the atmosphere and win votes, the carbon auction is the idea to get behind.

A kinder, gentler corporate raider?

Bob Moon | Jun 20, 2007
Even as big private equity firms suffer serious public image problems, some investment groups that buy up small to mid-sized businesses say they consider those companies to be partners, not resources to pillage. Bob Moon reports.
Posted In: Wall Street

Private equity in public doghouse

Stephen Beard and Scott Jagow | Jun 20, 2007
Profits are soaring at private equity firms around the globe, but as more and more jobs are cut and news of their substantial tax advantage makes headlines, private equity's popularity keeps sinking further into the mud. Stephen Beard has details.
Posted In: Canada, Taxes, Wall Street