BP began shutting down its oil field in Prudhoe Bay, Alaska this morning due to corroded and leaking pipelines. It'll take away about eight percent of US domestic production and that means you can expect prices to go up. Bob Moon reports.
Investors today were cheered by news of a 36% jump in 2nd quarter profits at Procter & Gamble. But where Wall Street saw a silver lining, others see a gray cloud in the form of inflationary pressure. Bob Moon reports.
Before a country can join the World Trade Organization, all 149 member nations must agree. The US has been the last holdout blocking Russia's admission — but now they're deep in negotiations. Bob Moon reports.
Second quarter earnings reports are expected to be strong, but don't count on Wall Street to react positively. Bob Moon explains why some investors may not be impressed, even though earnings may be impressive.
The US labor market added 121,000 jobs last month. But that was below analysts' expectations. Meanwhile, wages were up. Could that signal inflation? Bob Moon reports that economists are scratching their heads about what it all means.
Thousands of cash transfers are being delayed or blocked by companies such as Western Union and MoneyGram — so that Muslim-sounding names can be checked for possible terror links on a government watch list. Bob Moon reports.
Hundreds of construction sites in New York City have closed due to striking construction workers. If no agreement is reached, the strike could affect more than a thousand sites after the July 4 holiday. Bob Moon reports.
There's been a big music business merger in the works for years — but Warner Music and EMI can't agree which company will buy out the other. Bob Moon has the story.
The world's largest automaker announced yesterday that sales this year were expected to be lower than last year's. So GM has instituted another new buyer incentive plan to help clear inventory. Bob Moon reports.
