Dec 20 Watch Wall Street Firms Paying Up Several major Wall Street firms announced a settlement to end the investigations into corporate scandal. They agreed to pay $1 billion in fines and change the way they do business. Terence Smith discusses the settlement and what it means for… Continue watching
Dec 12 Pres. Bush Taps Investment Banker As Economic Adviser President Bush named Wall Street investment banker Stephen Friedman on Thursday as the new White House senior economic adviser, charged with helping promote the president's new stimulus package and coordinating the nation's economic policy. Continue reading
Dec 12 Watch President Bush’s Economic Team President Bush has chosen Wall Street investment banker Stephen Friedman to head the National Economic Council. Continue watching
Dec 12 Watch Background: Economic Picks Ray Suarez reports on the selection of Stephen Friedman to head the National Economic Council. Continue watching
Dec 09 President Bush Taps Railway Chief As New Treasury Secretary President Bush on Monday nominated CSX Chairman John W. Snow to replace outgoing Treasury Secretary Paul O'Neill and to help build support for his upcoming economic stimulus package. Continue reading
Dec 09 United Airlines Files for Bankruptcy Protection By Admin United Airlines filed for bankruptcy Monday, after high costs and low airfares left the world's second-largest carrier with too much debt and not enough cash. Continue reading
Dec 06 Treasury Sec. O’Neill, President’s Economic Adviser Lindsey Resign Treasury Secretary Paul O'Neill and White House senior economic adviser Larry Lindsey submitted their resignations Friday as administration officials began a reshuffling of President Bush's financial team. Continue reading
Dec 05 United Loses Loan Guarantee Bid, Faces Bankruptcy By Admin United Airlines' stock fell by two-thirds and its credit rating was downgraded Thursday as the company faced bankruptcy after losing a bid for a government-backed loan guarantee. Continue reading
Dec 05 Watch Executive Excess Part 4 In the final installment in a series on executive pay and performance, business correspondent Paul Solman of WGBH-Boston talks with former General Electric CEO Jack Welch, one of the key business leaders of the last decade. Continue watching
Dec 04 Watch Executive Excess Part 3 Paul Solman explores the rise of charismatic CEOs and how it has influenced CEO compensation. Continue watching