Microsoft has made a $44 billion takeover bid for Yahoo. The merger would offer Yahoo the chance to compete with a certain search engine that seems to be dominating online advertising. Steve Henn has the story.
Whether or not the Federal Reserve announces another interest rate cut today, the effects of a cut wouldn't be seen for awhile. Steve Henn reports we haven't even begun to see the effects of past rate actions yet.
As smoking continues to decline each year in the U.S., Phillip Morris USA and parent company Altria are feeling pressure to expand their product line. Janet Babin reports what Altria is doing to be less dependent on cigarettes.
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.
Consumer confidence is down but orders for durable goods — expensive stuff like refrigerators and computers — jumped more than 5% last month. Which way is this economy going? Our senior business correspondent Bob Moon tries to sort it out with Kai Ryssdal.
Many on Wall Street are expecting to see The Fed cut interest rates again this week, but some economists say there might be no cut at all. Bob Moon reports either way, it'll be tough for the Fed to unsend last week's message.
Ever since the private-equity group Terra Firma bought troubled British recording giant EMI last summer, it's cut costs and 2,000 jobs. Some of its biggest stars have joined the exodus, too. Stephen Beard reports.
News of Citigroup's cutback on new branches came the same day as an announcement of a new political union calling for more bank services in low-income communities. Steve Tripoli has more.
Microsoft revenue hit a record this quarter, which analysts are attributing to sales of recently released products such as Vista. Jeremy Hobson the company expects the sales uptick to continue into the fiscal year.
