Aug 14 Watch Elderly Face Soaring Prices Amid Economic Slump Among Americans hit hard by the country's economic downturn are senior citizens, who are struggling to pay energy and food bills and reeling from cuts to community services due to budget constraints. Tom Bearden reports from Denver. Continue watching
Mar 24 Watch JP Morgan Raises Bear Stearns Buyout Bid Amid stockholder discontent, JP Morgan Chase raised its bid to buy investment bank Bear Stearns Monday from $2 a share to $10 a share. A New York Times financial reporter helps explain the buyout. Continue watching
Jan 11 Bank of America to Buy Mortgage Lender for $4B By PBS News Hour Bank of America Corp. said Friday that it has agreed to pay $4 billion in stock for Countrywide Financial -- rescuing the battered lender that has come to represent the excesses of the subprime mortgage market. Continue reading
Dec 06 Watch Economic Experts Weigh Bush's Mortgage Rate Freeze Plan, Housing Crisis President Bush announced a deal with mortgage lenders to freeze interest rates on some subprime mortgages due to move sharply higher soon that he hopes would slow the rate of home foreclosures. Economic analysts assess the value of the proposal… Continue watching
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
Mar 08 Watch Senate Examines Credit Card Industry Practices The credit card industry and its practices, including interest rates and other fees, came under scrutiny at Senate hearings Wednesday. A Washington Post reporter details the hearings. Continue watching
Oct 23 Former Enron CEO Sentenced to 24 Years By PBS News Hour Former Enron CEO Jeffrey Skilling was sentenced Monday to 24 years and three months in prison for his part in crimes that led to the one-time energy giant's collapse. Continue reading
Aug 23 Watch Tower Records Bankruptcy Heralds Industry Changes Music chain Tower Records filed for bankruptcy for the second time on Sunday. An expert discusses how digital downloads and large-scale music distributors are changing the music industry. Continue watching
Sep 14 Delta, Northwest File for Bankruptcy Protection By PBS News Hour Delta and Northwest filed for bankruptcy Wednesday, illustrating the problem airliners are having with soaring oil prices and competition from smaller carriers. Continue reading
Jul 11 Enron Files Bankruptcy Reorganization Plan Enron Corp. on Friday filed a reorganization plan that would allow the company to emerge from bankruptcy, but pay the majority of creditors only a small fraction of what they're owed. Continue reading