A leading real estate index says prices for existing homes fell in August at the fastest rate since 1991. Meanwile, consumer confidence plunged last month to the lowest level since Hurricane Katrina. Amy Scott reports that some economists are seeing signs of a recession on the horizon.
Merrill Lynch wrote down almost $8 billion dollars in loans and other credit-related investments today -- its first quarterly loss in almost six years and almost $3 billion more than it predicted a couple of weeks ago. Amy Scott reports.
Congress wants to prevent inflated natural gas prices from investment manipulation, along the lines of what happened with hedge-fund Amaranth. But some say the government shouldn't have to look so closely over investors' shoulders. Amy Scott reports.
California is scheduled to sell $7 billion worth of bonds to investors this week, while Ohio is offering more than $5 billion of its debt for sale. This could be the start of more such deals in the near future. Amy Scott explains.
For every share you own of a company's stock, you get one vote in company elections. So, it stands to reason that the more shares you own, the more interest you'll have in the company's financial success, right? Well, maybe not. Amy Scott explains.
The makers of Coors and Miller beers have come up with a new brew. It's called combining operations to increase pricing power and market share. But the two may face a tough fight with regulators. Amy Scott reports.
There are some signs the credit squeeze might be starting to turn around. Deutsche Bank says the market for a type of security known as CLOs appears to be on the rebound. What's a CLO and why should you care? Amy Scott explains.