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.
Banks haven't been doing so well this earnings season, to put it gently. But a good number of companies, from drug maker Merck to toy maker Hasbro — have been doing well. What do they have in common? Customers overseas. Alisa Roth reports.
It would stand to reason that countries with oil would be trying to increase production so they could cash in on the increasing prices. But that's not the case, as Jeff Tyler reports.
Ohio-based National City bank, the nation's 10th largest, says it's going to be seeking $7 billion in new capital. It will be looking to private equity firms and hedge funds for help. Ashley Milne-Tyte explains how the mortgage crisis is moving to Main Street.
