The Bush Administration is unveiling a plan to tackle the safety of imports by beefing up the agencies that police them, including giving them the power to impose penalities and order mandatory recalls. Amy Scott reports.
Helium is the second-most abundant element in the universe. But here on Planet Earth the gas is getting harder to come by. A worldwide helium shortage is affecting everything from the party industry to medicine. Amy Scott reports.
At the same time some investment banks are taking a pounding from the credit crunch, Wall Street traders come together to dish out and take some more lumps for a boxing charity event. Amy Scott was ringside.
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.