In testimony before Congress Thursday, former Federal Reserve Chair Alan Greenspan said that the current financial crisis is a "once in a century credit tsunami" that will continue to impact the U.S. economy, spurring more job losses to come.
By Admin, PBS NewsHour
A number of poor earnings reports from major corporations, including Wachovia Corp. and Merck & Co., caused U.S. stocks to drop more than 500 points Wednesday.
By PBS NewsHour
Microsoft Corp made an unexpected bid to buy struggling Internet icon Yahoo Inc. for $44.6 billion in cash and stock late Thursday, raising a new effort to challenge the dominance of search-engine giant Google Inc.
Yahoo news correspondent Kevin Sites talks about his new book, "In the Hot Zone," and what it's like to report on conflict zones around the world using the latest multimedia and Web tools.
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