The Fed today cut the discount rate -- what banks pay to borrow from the Fed -- by half a percentage point. Banks use it only when they're in a bind. Like the one they've been in the past couple of weeks. Jill Barshay reports.
There's money to be made in the effort to halt global warming. One burgeoning business is the buying and selling of "carbon offsets" to American industry and consumers. What are these offset projects and how good are their claims? Claire Schoen reports.
Pet Fashion Week kicks off tomorrow in New York, featuring high-end products for dogs. Ashley Milne-Tyte reports that fancy Fido doodads are capturing an ever-larger slice of the $40-billion-a-year pet-products market.
Southwest Airlines is on track to become the biggest airline in the world by the end of this year, as measured by the number of passengers carried. What's its key to success? Stacey Vanek-Smith reports.
We've asked some of our commentators to send along their nominations for the best business beach books. For today's final installment writer Harriet Rubin recommends a contemporary novel about the beauty of innovation.
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