The number of companies throwing bashes this holiday season has declined almost 10 percent from last year, according to one report. Chalk it up to general worries about the economy. Amy Scott takes a look at one industry in particular that is feeling the pinch.
Construction of new single-family homes hit a 16-year low last month, according to a Commerce Department report this morning. Amy Scott reports this could affect many other industries well into next year.
With Christmas around the corner and December retail sluggish, shops are pulling out all the stops in order to bump up sales. Amy Scott looks into what's driving customers away, and what might help boost the numbers after the holiday.
A superfund intended to shore up confidence in Structured Investment Vehicles devastated by the subprime crisis has never caught on with banks. And today Warren Buffet put what's probably the last nail in its coffin. Amy Scott reports.
An investment company set up by the government of Singapore has bought a nearly $10 billion stake in the Swiss bank UBS, which is reeling from the subprime mess. Other sovereign funds are on a bit of a shopping spree for Western banks as well. Amy Scott reports.
New York City's Metropolitan Transit Authority is planning to overhaul its management structure in an effort to improve the upkeep and performance of its sprawling subway and rail system. Amy Scott reports.
Europe's largest bank, HSBC, is going to rescue two of its structured investment vehicles, or SIVs, that have taken a beating from recent woes in the mortgage and credit markets. It'll cost HSBC $35 billion to make things right. Amy Scott reports.
With high gas prices and the lack of a must-have, big-hit item, consumer spending isn't expect to grow much this holiday season. But, as Amy Scott reports, people will still be doing plenty of shopping.