The investment rating service has made it harder for mortgage-backed bonds to get its top rating. As a result, it says it's now losing business. Jill Barshay reports.
American, Delta and Southwest release their earnings today. The airlines are expected to have had a good second quarter, but not good enough to make up for years of losses. And some say the government is partly to blame. Jeff Tyler reports.
The Dow Jones board was set to vote today on a deal that would sell the Wall Street Journal's parent company to Rupert Murdoch's NewsCorp for $5 billion. Forbes magazine's Dennis Kneale talked with Kai Ryssdal about it.
Despite some recent struggles, Mattel has proven that playing with dolls can turn a profit. The biggest U.S. toymaker announced 2nd-quarter sales rose about 7%. But Jeff Tyler reports that the success is coming from a place you might not expect.
You might think good times are here again on Wall Street, given the last few sessions. But investors in the options market seem to be indicating that things have gone too far, too fast. Economist Mark Zandi explains.
Fortune's Allan Sloan shares some advice for all the financial big hitters considering joining the world of Internet forums and chat: 1. Don't hide under a pseudonym. 2. Remember that the world is bigger than your keyboard and monitor.
Last month when the Blackstone Group went public there were protests over how it engineered a deal allowing it to pay less than half the tax rate paid by most other public companies. Well, it's now reportedly done itself one better. Steve Henn explains.
Following Wall Street's record-setting day yesterday, markets around the world went up, up, up today. But some folks are still worried about the weak dollar and inflation… and one of them might be Ben Bernanke, says money manager David Buik.
