Latest Stories

Latest Stories


Credit crunch puts squeeze on Europe

Stephen Beard | Aug 9, 2007
A major French bank, BNP Paribas, announced it was suspending three of its asset-backed securities funds, due to the squeeze the subprime mortgage debacle has put on the U.S. credit market. Stephen Beard in London explains the impact on markets across the pond.
Posted In: Investing, Wall Street

Bush not pumped about gas tax

Kai Ryssdal | Aug 9, 2007
At a news conference, President Bush made it clear what he thinks of a higher gas tax to fix the nation's infrastructure. He also fielded a larger-than-usual array of questions about the state of the U.S. economy.
Posted In: Economy, Housing, Washington

Betting against subprime lenders

Steve Tripoli | Aug 9, 2007
Some people have been "shorting" the companies that created and financed the subprime mortgage debacle. Steve Tripoli has been asking whether there's still time for a profitable bet against the architects of subprime.

Johnson & Johnson is a little cross

Jeremy Hobson | Aug 9, 2007
Johnson & Johnson is suing the American Red Cross over its commercial use of the symbol they've shared for more than 100 years. Jeremy Hobson reports
Posted In: Crime

Campbell is no longer sweet on Godiva

Ashley Milne-Tyte | Aug 9, 2007
Campbell, the soup company, is putting its Godiva Chocolates brand up for sale. The company's decided the Belgian-style chocolatier is a little too indulgent for its new emphasis on healthy foods. Ashley Milne-Tyte reports.
Posted In: Retail

Screening plan hits turbulent reaction

Bob Moon | Aug 9, 2007
The Department of Homeland Security issued a revised Secure Flight passenger screening program today. And privacy rights advoctates were quick to respond. Bob Moon reports.
Posted In: Crime, Travel, Washington

Did you use that gift card or rebate?

| Aug 9, 2007
Retailers are using gift cards and rebates to prompt us to buy. And, as commentator Ian Ayres points out, they're profiting from the fact that many of us won't use those cards and rebates.
Posted In: Retail

Welcome to 'Westonzuela'

Dan Grech | Aug 9, 2007
Florida, the Cuban capital of the United States, is making room for a new Latino group -- Venezuelans fleeing the rule of President Hugo Chavez. Dan Grech reports on what the influx means for the state's economy.
Posted In: Immigration

Text 'til you drop

| Aug 9, 2007
Text-messaging has leapt over the wall of teen obsession and into the hands of the general consumer public, so some retailers are taking advantage of the technology to lure consumers to their stores. Ambar Espinoza explains.
Posted In: Retail, Science

Inflation? No, it's the Bernanke Squeeze

Scott Jagow | Aug 9, 2007
Chris Farrell suspects all that Fed talk about inflation is just a cover, an excuse to keep interest rates at current levels because it doesn't want to bail Wall Street investment banks out of the mess they created... and heavily profited from.
Posted In: Economy, Wall Street