Bear Stearns' employees were told Monday morning that they had become employees of JP Morgan, and that their company stock was now only worth $2 a share. Janet Babin reports their other prospects may not be promising either.
Asian markets are reacting to the financial market news in the U.S., and the markets are down sharply. Doug Krizner talks to Lindsay Whipp of The Financial Times in Tokyo about some of the main concerns in Japan and Hong Kong.
Bear Stearns' stunning collapse came a week after things seemed normal for the bank. Scott Jagow talks to economist Diane Swonk, who says panic in the market and clients turning their backs prompted the trouble.
Presidential candidates are expected to spend almost $5.5 billion on political ads by election day, with less than 1 percent of that going to online ads. But Stacey Vanek-Smith reports Web ads are still seen as significant.
The drink "Black and Tan" traditionally blends Guinness with Bass, beers owned by two separate companies. But Guinness has recently been trying to change the formula to help their company sales. Ashley Milne-Tyte explains.
A study out today suggests newspapers aren't losing readers, as their websites have a larger share of the overall audience than the print versions do. John Dimsdale reports loss of advertising is the real problem.
The Federal Reserve took some emergency measures Sunday night after fire sale of investment bank Bear Stearns. Scott Jagow talks to Hong Kong investment advisor Puru Saxena and Stephen Beard in London to get world markets' reaction.
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