Wall Street

GM is suspending its contributions to employee 401k's, a rare step that affects thousands of GM workers. Will other companies follow suit as they struggle to cut costs? Jeremy Hobson has the story.

Former Fed Chairman Alan Greenspan told Congress he's "shocked" at the financial meltdown. He did concede his belief in deregulation was flawed, but Nancy Marshall Genzer asks, did Greenspan really not see this coming?

Taxpayers are bailing out huge Wall Street banks because their collapse would spell doom for the financial system. But commentator Robert Reich thinks it's odd to also allow those companies to consolidate and get even bigger.

Drugmaker Merck is blaming the rise of generic sales for its 28 percent profit loss this morning. To balance out the blow, the company wants to cut 12 percent of its work force. Jennifer Collins reports.

Kai Ryssdal catches up with Congressman Henry Waxman to discuss regulation. Waxman chairs the House Committee on Oversight and Government Reform, which has been holding hearings on corporate misbehavior.

When Lehman Brothers filed for bankruptcy, sellers of its credit default swaps found themselves on the hook for billions of dollars. New York Bureau Chief Amy Scott reports on the settlement and how much is expected to change hands.

A speculator named William Duer borrowed like crazy in the 1790s to build a fortune. When he went bust, lenders said he was too big to fail. Sound familiar? Author David Liss recounts the story that led to the founding of the NYSE.

Jittery investors pulled half a trillion dollars out of money-market funds in the past few months, tightening up another source of credit. So, it's Fed to the rescue again. Senior Business Correspondent Bob Moon reports.