Today, the former CEO of WorldCom begins his 25-year sentence. Ebbers, as you were saying, was convicted last year in a federal court for his role in an 11-billion-dollar accounting fraud that toppled
For the second day in a row, the Dow Industrials setting record highs, a triple-digit rally sent the Dows surging past the 11,800 mark for the very first time. This is the NASDAQ Composite rose to a 5
We need to take a look at the markets. It's three winning days in a row for the Dow Industrials and that means yet another all-time high for the world's most famous stock index. The closing number, as
CD is going to California....CD is going to California. The ads graze airwaves all over the country. Yes, I think cows are pretty. Cute-looking dairy cows producing clever lines. Do you wanna marry a
Dow Industrials posted a triple-digit gain today, snapping a 6-session losing streak. Ironically, they both got a lift from a deal for a chain of steakhouses. There were also big mergers in the pharma
Hey, Chris, how are you? At Havana's International Trade Fair, the arrival of these men drew everyone's attention. Thank you for coming to Cuba. On the right, US cattle rancher, John Parke Wright, a F
The housing market is softening up around the country and you would think that the high-end homes will take the biggest hit, but that's not the case. Sales of homes above a million-dollar-mark appear
Lots of countries, lots of businesses are plunging money into China. General Motors has this factory in Shanghai. The Park Hyatt is building this project in Beijing. It's a process repeated thousands
What if I answered: Well, it depends. You say: Oh ,come on ,Val, be more direct than that. (Please) But it does depend on how much education you have because according to a new government report, a ba
The trouble with Sony. It's not a Hitchcock film, but the last few months have been a thriller for the world's No.2 consumer electronics firm, with battery recalls, product delays, and analyst and mar
The idea of “play big” is that a lot of the advantages that big businesses once held over smaller companies no longer exists, and it's easier than ever for small businesses to look and act like bi
There are plenty of skeptics though, if you think back to it, when Wall Street analysts began talking about Google as a 400-dollar-a-share stock, do you remember that? Yeah. Well, on Thursday, it clos
Little old ladies competing at dumpling-making contests, butchers chopping large chunks of meat basketballs by the dozen. Five million people a week shop at Wal-Mart stores in China. And if the Americ
In Florida, groves, grocery aisles, and even corporate boardrooms, people are being squeezed by orange shortages that have sent juice prices to record highs. Florida is the world's second largest oran
Stocks bounced out and in of negative territory throughout the day as investors reacted to bleak sales figures from Wal-Mart and the latest consumer spending figures. Let's take a look at the numbers.
There could be more financial turbulence(金融动荡,市场动荡) ahead for Northwest Airlines. Gerri Willis is live in New York with more on that story, and also a wrap-up of today's trading.
Cheaper gas. Finally. But why? Well, the legendary summer driving season is over. No hurricanes have damaged Gulf Coast's rigs and refineries. Things are calmer between Israel and Lebanon. And Iran? W
Ford has unveiled a new and even more aggressive restructuring plan. The company hopes to save five billion dollars by the end of 2008, and that would be four years earlier than originally planned. Th
It was a quiet beginning. Early cinema was essentially a stage play with no spoken words. But then came the talkies and the movies grew into a major industry. The introduction of color allowed films t
Today's warning comes from Lennar. The company has become the 5th major US homebuilder in a little more than a month to slash its outlook. It says the nation's real estate market is quote
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