The U.S. Federal Reserve just teamed up with several other central banks for a coordinated rate cut. The Fed slashed its key rate by half a percentage point. Renita Jablonski explores the move with economist Peter Morici.
Wells Fargo would get Wachovia for $15 billion, knocking Citigroup and the FDIC out of the picture. Renita Jablonski talks to Chris Whalen of Institutional Risk Analytics about why the banks may be a good fit.
The bailout may not have found consensus on both sides of the House, but it's not always a black and white issue. Renita Jablonski talks to Republican Congressman Kevin Brady, who explains why he voted yes for the bailout.
With a bailout in place, is liquidity finally going to come open in the markets? Renita Jablonski asks Mike Moran, chief economist at Daiwa Securities America, and poses other potential bailout challenges.
Citigroup is refunding $18 million to customers across the country for taking money from accounts without notification. Renita Jablonski has more on the "account sweeping program" that brought the company penalties.
A study out this morning says the U.S. government would have to pay $123 billion to provide for all the uninsured nationwide. Renita Jablonski reports what uninsured Americans will spend out of pocket this year.
International Creative Management has agreed to a pay $4.5 million to settle a lawsuit accusing the talent agency of discriminating against TV writers older than 40. Renita Jablonski has the story.
Online travel agencies have been working to gin up business in a slow travel season. One idea: Orbitz will start offering vacation rentals. And Renita Jablonski reports if it works for Orbitz, other companies may follow.
Home Depot has been trying to build momentum for when the housing slump finally turns around. But Renita Jablonski reports homeowners aren't making home improvements beyond what's necessary, and that hurts business.
