The nation's third largest electric utility, Duke Energy, announced today it's gonna buy Progress Energy for about $14 billion. The combined companies would become the largest power company in the country.
It's been more than a year and a half since the Federal Reserve tested the nation's 19 largest banks, making sure they were healthy enough to go on in the depths of the financial crisis. And this week, the Fed will be back with more stress tests for the banks, looking at whether they can raise dividends and buy back shares.
Today is the second day of a week long referendum asking people in southern Sudan if they want independence from the country's government in Khartoum. The vote is part of an agreement ending years of civil war and the referendum carries big economic implications for both the north and the south.
Until recently, Chinese homeowners didn't have to pay annual property taxes. But the government fears there's a property bubble, and to fight it, residents of Chongqing will begin paying property taxes.
The oil market braced for a big surge in prices following a pipeline leak that was discovered Saturday in Alaska. A leak that shutdown all production in North America's biggest oil field. Stephen Beard explains.
The Internet has revolutionized how patrons buy tickets to concerts, movies, even sporting events. And as Oregon and Auburn prepare to square off in tonight's BCS Championship game, some ticket buyers are already at a loss. David Nogueras reports.
This week, Inez Tenenbaum, chairwoman of the Consumer Product Safety Commission, travels to Beijing to set up the first overseas Consumer Product Safety office to help regulate and monitor product standards. John Dimsdale explains.
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