NEW YORK - Governments around the world have slashed interest rates and ramped up their lending to unprecendented levels, but banks are still charging each other extremely high borrowing rates - a bad sign for the credit markets that remain
NEW YORK - Federal antitrust regulators on Friday cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp., capping a weeklong battle for the Charlotte, N.C.-based bank.
Walk into any gym and you're going to see quite a bit ofenergy burned -- the energy it takes to keep all that equipment running. So some gyms and exercise enthusiasts areputting a greener spin on working out, as CBS
A windowless industrial building of corrugated steel hides something that could make floor lamps, bedside lamps, wall sconces and nearly every other household lamp obsolete. It's a machine that prints lights. The size of a semitrailer, it coats an 8-inch
Believe it or not, there is an up-side to the financial meltdown. Gas prices are starting to fall as the cost of crude gets cheaper. CBS 2's Kristyn Hartman reports there is even gas to be had in the area
If you're feeling a little more depressed than normal, or sad and not sure why, the stock market could be to blame. CBS 2's Suzanne Le Mignot reports more patients are asking doctors for help as the downturn on Wall
Oil prices briefly plunged below $79 a barrel Friday, dropping to the lowest level in nearly 13 months as investors grow more pessimistic about the prospects for resolving a mushrooming global economic crisis.
President Bush said Friday that the government's financial rescue plan was aggressive enough and big enough to work, but would take time to fully kick in.
