Aluminum giant Alcoa and a Chinese partner have bought up large stake in Britain's Rio Tinto. The buyers say they don't want to purchase the whole company. Stephen Beard reports the move is mostly strategic.
Bond insurer MBIA's fourth-quarter report shows a loss of over $2 billion. Steve Henn looks into why a triple-A credit rating is important for bond insurance, and how the loss of such a rating could affect you.
Investors seek London Inter Bank Offering Rate floor to guarantee interest payment no matter how much the Federal Reserve cuts rates. Ashley Milne-Tyte reports on how this helps investors and undermines the Fed.
Societe Generale is busy dealing with rumors of buyouts from bigger banks and the rogue trader speaking to the press about the scandal. Stephen Beard talks to Scott Jagow about what the bank is up against.
French prosecutors on the case of the trader who cost the second-largest bank in France more than $7 billion say he's a trading addict. Stacey Vanek-Smith reports the bank might have saved itself some money if its managers had just sent him on vacation.
The Harrah's casino deal is just one example of how the current market is affecting corporate deals. Stacey Vanek-Smith reports these continued slow-goings could ultimately slow down the economy.
Investors who thought they were safely diversified in foreign markets got a rude awakening this week. Tess talks to Eric Schurenberg about the do's and don'ts of investing overseas.
After such a frantic week in the stock market, Tess checks in with two of the investment clubs we followed in 2007 to see how they're weathering the storm.
