Nov 05 Watch Citigroup Faces Fallout from Subprime Market Citigroup, the nation's largest bank, faces both a downgraded credit rating and the resignation of CEO Charles Prince. A business journalist describes the company's struggles. Continue watching
Nov 02 Watch Mixed Reports Emerge on U.S. Economy A panel of economic analysts disusses recent reports on the nation's economy and unemployment, which paint a mixed picture about the country's financial health. Continue watching
Nov 01 Chrysler to Slash Up to 12,000 Jobs By Admin, PBS News Hour Chrysler LLC announced Thursday it plans to cut up to 12,000 jobs as part of the automaker's ongoing effort to reduce costs and adjust to slowing demand for some of its vehicles. Continue reading
Oct 31 Watch Fed Makes Another Rate Cut to Boost Economy For the second time in two months, the Federal Reserve cut key interest rates Wednesday. A financial analyst describes what the Fed's decision may mean for the American economy. Continue watching
Oct 30 Watch Record Loss, Mortgage Crisis Spur Merrill CEO's Exit The chief executive officer of brokerage giant Merrill Lynch, Stanley O'Neal, stepped down Tuesday after the company posted a record quarterly loss and questions arose over decisions to invest in the troubled mortgage market. Analysts discuss O'Neal's downfall and what… Continue watching
Oct 26 Watch Oil Prices Soar Amid New Middle East Tensions Crude oil prices hit new a new high Friday, closing at more than $91 per barrel amid news of more Middle East tensions, including expanded U.S. sanctions against Iran. An energy analyst and a government professor assess the reasons for… Continue watching
Oct 25 Oil and Gas Giant BP to Pay Fines Totaling $373M By Admin, PBS News Hour London-based BP has agreed to pay a total of $373 million in fines for violating regulations tied to a fatal refinery explosion in 2005, operating leaking oil pipelines and engaging in a price-fixing scheme, the government announced Thursday. Continue reading
Oct 24 Watch Chicago Bank Takes Action Against Subprime Housing Crunch Chicago's ShoreBank has implemented a "rescue loan program" to help customers refinance home mortgages that may be in danger of default. A consumer advocate and a mortgage industry representative weigh in on how to best respond to the country's subprime… Continue watching
Oct 16 Watch Housing, Credit Crunch, Oil Prices Spur Economic Jitters Treasury Secretary Henry Paulson delivered a somber assessment of the U.S. economy Tuesday, calling the housing and credit crunch "the most significant current risk" to the economy. Financial experts look at the factors affecting the nation's economic health, including sky-high… Continue watching
Oct 15 Watch Game Theorists Awarded Nobel Prize in Economics Three American researchers were awarded the Nobel Prize in economics Monday, honoring their developments in using game theory to examine financial market activity. One of the winners, Roger B. Myerson, provides an overview of their prize-winning work. Continue watching