Several multibillion-dollar hedge funds have disappeared in the past couple of weeks, without benefit of a bailout from the Federal Reserve or JPMorgan. Analysts say dozens more could be looking at the same fate. Stephen Beard reports from London.
There are about 2 billion square-feet of self-storage space for rent in this country. Almost 7 square-feet of storage outside the home for every man, woman and child — and demand is rising. Andrew Phelps decided to revisit his.
Target says it's had to write off a chunk of its outstanding credit-card debt. It's bad news for one of the country's biggest retailers, and worse for card holders who are discovering they can't pay what they owe. Jeff Tyler reports.
The cost of flour has almost tripled for some bakeries, leaving owners with the uncomfortable option of raising prices and possibly losing customers at the same time. Ashley Milne-Tyte visits bread makers in New York.
Here we are in an economic downturn and, in Las Vegas today, workers are breaking ground on infrastructure for a $6 billion project that includes residential space. Jeremy Hobson asks why that's not a bad idea.
The nationwide average price for a gallon of gas is now $3.53, and there's not much doubt it's going to hit $4 soon enough. But the Energy Department says gasoline demand is actually lower than a year ago. So what's going on? Ashley Milne-Tyte reports.
Today, Congress is considering extending a rule that would allow home builders to apply any current losses to tax returns up to four years back. That could set builders up for big rebates. Jeff Tyler has more.
Delta Airlines and would-be partner Northwest both reported losses for the quarter. Their market values dropped, too. Earlier in the week, United posted a bad quarter. Nancy Marshall Genzer reports.
Crops such as corn and wheat have jumped 50% or more in price in the past year. Those prices are hitting everyone in the food chain, including a group stuck squarely in the middle — grain elevator operators. Adriene Hill reports.
Today, Senate Banking Committee members are expected to take the chairman of the SEC to task for lax oversight of Wall Street credit rating agencies while those agencies were approving risky loans. John Dimsdale has a preview.
