Latest Stories

Latest Stories


Bill would restrict private military firms

John Dimsdale | Oct 3, 2007
The growing role of private security forces in war zones has exposed a legal gray area that shields them from U.S. or Iraqi laws. But a new House bill would hold them accountable. John Dimsdale reports.

Polishing a tarnished, subprime image

Steve Tripoli | Oct 3, 2007
Countrywide, the nation's biggest mortgage company, is gearing up for a major public relations campaign to improve its subprime-debacle image. Steve Tripoli reports that Countrywide needs to be careful how it deploys the PR playbook.
Posted In: Housing

Another use for taxes: more legroom

Amy Scott | Oct 3, 2007
Goverment workers are routinely abusing the rules of first and business-class when they buy their plane tickets, according to a congressional report out this morning. Amy Scott reports these findings aren't terribly new.
Posted In: Travel

No progress in Mexico's drug war

Dan Grech | Oct 3, 2007
The Bush Administration is set to give Mexico nearly a billion dollars to fight drugs. But Dan Grech reports critics are skeptical of the effectiveness of the aid package.
Posted In: Crime, Mexico

Soweto workers get a sweet ride

Gretchen Wilson | Oct 3, 2007
For many residents of Soweto on the outskirts of Johannesburg, the work place is in the city. And thanks to the Soweto Business Express, the commute is plush with middle-class comforts new to local train culture. Gretchen Wilson has the story.
Posted In: Travel

Label beats designer in fashion

Jill Barshay | Oct 3, 2007
Fashion designer Valentino, whose brand was bought earlier this ear by a private equity firm, is presenting his last ready-to-wear show in Paris. Jill Barshay reports that the namesake has come to succeed the person.

More eyes on Northern Rock

Stephen Beard | Oct 3, 2007
American private equity firm JC Flowers has raised £15 billion to buy British mortgage lender Northern Rock, which recently borrowed several billion dollars from the Bank of England to get out of trouble. Stephen Beard reports.
Posted In: Economy

$500 just for being born

Sarah Gardner | Oct 3, 2007
The idea of giving a savings account to every newborn is making the rounds in Congress and has high-profile support. The goal is to give kids a head start on assets. Sarah Gardner reports.
Posted In: Investing, Savings

Measures to counter fake products

Lisa Napoli | Oct 3, 2007
Counterfeit products continue to be a massive problem in the U.S. A conference is meeting today in Washington to come up with a plan to tackle the issue. Lisa Napoli has more.
Posted In: Crime, Retail

Looking outside the income tax system

| Oct 3, 2007
Tax relief is difficult to sell as helpful to lower-income Americans, who pay little to no income tax. Commentator David Frum offers these solutions outside of the income tax system.