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Bacardi is the latest booze maker to pour out millions in cash to step up production of Scotch whiskey as the spirit enjoys rising popularity among the fast-growing middle classes in emerging markets. Stephen Beard reports.
Venezuelan President Hugo Chavez calls it "oil socialism:" upping taxes on foreign oil companies and forcing them out of the country if they resist. His strategy has alienated international investors, but he's got a bundle of cash, Dan Grech reports.
The FTC today kicks off a two-day hearing on whether Whole Foods' pending buyout of rival organic retailer Wild Oats constitutes a monopoly. And industry watchers are divided on this one, Stacey Vanek-Smith reports.
Most of Europe's banks had already joined the U.S. in halting financial transactions with Iran in an attempt to pressure it into giving up its nuclear program. Now the last two holdouts have caved, but Iran may find other sources. Stephen Beard reports.
Most New York City restaurants depend on low-wage workers, often immigrants who are easier to mistreat. So the city council will consider a bill that would put labor law violations on par with health code infractions. Alisa Roth reports.
The Wall Street Journal's future could be determined today. The boards of both Dow Jones and Rupert Murdoch's News Corp plan to meet and a deal could be approved, but it all hinges on a few Bancroft family members. WSJ reporter Sarah Ellison explains.
As credit tightens in the wake of the subprime lending crisis, some analysts warn that it could impact lending in other areas. And that's one more risk factor on the recession pile. Steve Tripoli reports.
Alaska's congressional delegation takes a back seat to no one when it comes to bringing home the bacon. The latest allegations implicate Republican Senator Ted Stevens. Steve Henn has details.