Jul 16 Shields and Brooks on Jobs, Palin and Deeper Meaning of Old Spice Ads By Hari Sreenivasan Even after the Senate's passage of a landmark financial reform bill, Mark Shields and David Brooks tell us about how difficult a sell Democrats and the administration face with voters as the midterm elections draw closer yet unemployment remains… Continue reading
Jul 16 For Fishermen on Louisiana's Coast, Guarded Optimism on an Oil Fix By Tom Bearden Out-of-work fishermen do maintenance on their boats at the Delta Marina in Empire, La. "At least we're taking more oil out of the Gulf than is going in," says Billy Nungesser, president of Plaquemines Parish. Cautiously optimistic. Pleased, but guarded. Continue reading
Jul 16 Watch the Oil Leak Stop in High Speed By Travis Daub In real time, it was difficult to see the exact moment that oil stopped flowing from BP's broken wellhead in the Gulf. So we built this time lapse video -- compressing three hours of our live stream into a… Continue reading
Jul 16 What Lesson Should We Take From Ireland's Austerity Experience? Question: What lesson should we take from the experience of Ireland in attempting to take the path of austerity to bolster its economy. Why is the world hearkening back to Herbert Hoover economics? I hope your current series on the… Continue reading
Jul 16 Concerned About iPhone 4 'Death Grip?' Jobs: Have a Free Bumper Responding to weeks of complaints about reception issues with Apple's popular iPhone 4, CEO Steve Jobs mounted a defense at a Friday news conference, announcing that customers will be able to get a free rubber case to… Continue reading
Jul 16 The Oil Cap Is Holding -- Now What? By Chris Amico For now, at least, there is no oil flowing into the Gulf of Mexico. That could last until Saturday, if BP carries out its well integrity test for a full 48 hours. Engineers are checking pressure inside the well… Continue reading
Jul 16 BP Continues to Monitor Cap; Encouraged by Early Results By Tom LeGro Updated 5:33 p.m. ET The results of pressure tests on the shut-in oil well have not been ideal over the past 24 hours, Coast Guard Admiral Thad Allen said Friday afternoon -- but the well will remain closed… Continue reading
Jul 16 Watch Potential Risks of Buying Companies on Borrowed Money Examined As part of his ongoing series of reports on making sense of economic news, Paul Solman looks at what happens when private equity firms use borrowed money to buy companies. Continue watching
Jul 16 Watch Was Record Settlement Against Goldman Sachs a Good Deal for Company? Accused by the Securities Exchange Commission of civil fraud, Wall Street behemoth Goldman Sachs agreed this week to a record $550 million settlement, but did not admit to or deny the SEC's allegations. Jeffrey Brown speaks with experts about whether… Continue watching
Jul 16 Watch News Wrap: Stocks Tumble on Consumer Sentiment, Earnings Numbers In other news Friday, U.S. stocks fell after a reading of consumer sentiment fell sharply and investors were disappointed by earnings reported by Bank of America and Citigroup. Also, federal officials announced the largest-ever crackdown on Medicare fraud. Continue watching