Recession Was Deeper Than Previously Thought

Updated 4 yearss ago   
By: WINK Administrator

2nd Qtr. GDP Rose 2.4%, Weaker Than Forecast; Commerce Revises Economic Growth Figures for 2007-2010 Downwards
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"Static Kill" of Oil Well to Be Delayed

Updated 4 yearss ago   
By: WINK Administrator

Government Spill Chief Thad Allen Says Sediment Got into Works During Delay for Tropical Storm; Target Now Tuesday
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Video: Main Street's Slow Recovery

Updated 4 yearss ago   
By: WINK Administrator

Just outside of Detroit, the small community of Hamtramck, Mi. has seen job growth due to production of the Chevy Volt there, but the ongoing economic crisis is still evident. Jim Axelrod reports.
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Video: BP Scales Back

Updated 4 yearss ago   
By: WINK Administrator

British Petroleum has admitted that it has reduced its number of resources for cleanup efforts in the Gulf of Mexico. Don Teague reports that fishermen are now struggling to find work.
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Video: Ask CBS News: Media to Blame for Economic Crisis?

Updated 4 yearss ago   
By: WINK Administrator

From a question via Facebook as part of the ongoing series, \"Ask CBS News,\" Katie Couric asks senior business correspondent Anthony Mason if the media\'s negative portrayal of the economy has contributed to the crisis.
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Video: Raging Wildfire in So. Calif.

Updated 4 yearss ago   
By: WINK Administrator

A wall of flames roared through the hills just outside Los Angeles Thursday night, as fire officials continue to fight to control the blaze. Ben Tracy reports from Palmdale, Calif.
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Video: Economic Recovery Slowdown

Updated 4 yearss ago   
By: WINK Administrator

There have been some troubling signs lately of a fiscal slowdown for the U.S. economy. As Anthony Mason reports, economic growth was down in the second quarter of this year.
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PricewaterhouseCoopers laying off 500 in Tampa

Updated 4 yearss ago   
By: Lois Thome

TAMPA, Fla. (AP) - PricewaterhouseCoopers is laying off approximately 500 in-house information technology employees - most from its offices in Tampa.The company says the cuts are p..
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GM Hikes Production Capacity for Volt by 50%

Updated 4 yearss ago   
By: WINK Administrator

Automaker Increases Manufacturing Due to Strong Public Interest in Electric Vehicle
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Incoming BP CEO: Time to Scale Back Gulf Cleanup

Updated 4 yearss ago   
By: WINK Administrator

BP Says It Will Hire Ex-FEMA Official James Lee Witt\'s Consulting Firm to Manage Efforts; Payouts Still a Problem
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Gas Station Owners Divided on Nixing BP Brand

Updated 4 yearss ago   
By: WINK Administrator

Company Responsible for Devastating Gulf Oil Spill Mulls \"Lipstick on a Pig\" Solution to Boost Profits: Resurrect Amoco
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White House Touts Detroit "Success Story"

Updated 4 yearss ago   
By: WINK Administrator

With Big Three Showing Profitability and Adding Jobs, Obama Admin. \"Surprised\" by Outcome of Auto Industry Bailout
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Recession was deeper than first thought

Updated 4 yearss ago   
By: Rob Spicker

WASHINGTON (AP) - The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday, estimates the economy shrank 2.6 percent las..
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Disney to Sell Miramax to Investor for $660M

Updated 4 yearss ago   
By: WINK Administrator

Agreed Deal Ends Disney\'s 17-Year Association with Famed Studio, and 6-Month Bidding Process to Hock It
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Disney selling Miramax to investor group

Updated 4 yearss ago   
By: Rob Spicker

      LOS ANGELES (AP) - The Walt Disney Co. has agreed to sell itsMiramax Films to an investor group for about $660 million, ending a17-year association w..
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Economic Growth Likely Slowed Last Quarter

Updated 4 yearss ago   
By: WINK Administrator

Analysts Predict 2nd Straight Quarter of Lackluster Expansion, No Likely Change in 9.5% Unemployment Rate
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Video: Life Insurance's Dirty Secret

Updated 4 yearss ago   
By: WINK Administrator

Katie Couric exposes the \"dirty little secret\" of life insurance providers Prudential and MetLife who profited from the death benefits of fallen soldiers.
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Mortgage Rates Hit Low of 4.54%

Updated 4 yearss ago   
By: WINK Administrator

While Financial Struggles Make It Difficult to Qualify, Low Rates Spark Housing Market Activity
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Toyota Recalls 412K U.S. Cars for Steering Fix

Updated 4 yearss ago   
By: WINK Administrator

Problems Mostly Involve Avalons from 2000 to 2004; No Injuries Reported so Far From Faulty Steering Lock Bars
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Winn Dixie to close stores

Updated 4 yearss ago   
By: Lois Thome

JACKSONVILLE, Fla - Winn-Dixie Stores, Inc. announced that it will close 30 non-remodeled, under performing stores. The Company will also consolidate its four operating regions in..
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