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- Fed Weighs How And When To Signal Higher Rates
- A rate hike isn't imminent. But at their meeting Tuesday, Federal Reserve Chairman Ben Bernanke and his colleagues will likely focus on how to telegraph that higher rates are coming once the economic recovery is more deeply rooted.
- Blizzards Take Toll On February Home Construction
- Housing construction fell 5.9 percent last month as winter blizzards held down activity in the Northeast and South. Building permits, considered a good barometer of future activity, fell 1.6 percent.
- Michael Jackson Estate Signs Record Deal
- Even in death, Michael Jackson is breaking new records. The King of Pop's estate has signed the biggest recording deal in history: a $200 million guaranteed contract with Sony Music Entertainment for 10 projects over seven years, according to a person familiar with the deal.
- FCC Unveiling Sweeping National Broadband Plan
- The FCC wants to speed the Internet to millions of American families who don't currently have access. That's part of a plan the agency will present to Congress Tuesday. Some of the funds could come from an auction of public airwaves. And that could mean a fight with broadcasters currently using the spectrum for free.
- Jackson Estate Signs Landmark Deal With Sony
- Michael Jackson is still breaking records. The deal involving the estate of the King of Pop is said to be the biggest recording deal in history. A person familiar with the project says the $200 million guaranteed contract with Sony Music Entertainment calls for 10 projects over seven years.
- Toyota Casts Doubt On 'Runaway' Prius Claim
- Toyota has responded to the latest developments in last week's runaway Prius investigation in San Diego. Federal inspectors say they can't duplicate the acceleration problem the driver reported after his car raced down the freeway at more than 90 miles an hour. Toyota stopped short of calling it a hoax.
- Dodd Unveils Sweeping Financial Regulation Plan
- Senate Banking Committee Chairman Christopher Dodd has unveiled his second attempt at overhauling financial regulations. His first bill flopped. On Monday, he introduced a 1,336-page bill, which includes provisions negotiated with Republicans. David Wessel, economics editor of The Wall Street Journal, talks to Linda Wertheimer about the chances of this measure succeeding.
- Restaurant Serves World War II Rationing Cuisine
- Visitors to the Imperial War Museum in London can taste hard times. The museum's cafe is offering an authentic war-time menu, using recipes people came up with to cope with the lack of basic staples during the Second World War. The menu includes cake made of cocoa and beets.
- Debate Pledged To Begin Soon On Financial Bill
- Senate Banking Committee Chairman Christopher Dodd introduced a bill to overhaul financial industry regulations Monday. The move follows months of bipartisan negotiations that failed to produce agreement on such controversial issues as consumer protection and reining in practices that led to the financial collapse in 2008. The way forward looks murky, but Dodd plans to move the bill through his committee next week.
- The End Of 9-To-5: When Work Time Is Anytime
- A public agency in Minnesota is engaged in a cutting-edge experiment with flexible work schedules. It's called a results-only work environment, and it gives everyone in an office ultimate freedom to do their jobs — whenever and wherever they want — so long as the work gets done.
- Economists Debate Impact Of Temporary Hiring
- There are thousands, if not millions, of people hoping to use a temporary job as a stepping stone to something more stable. But economists are divided over whether the bump in temporary hiring means a surge in full-time employment is around the corner.
- Pilots Who Overshot Airport To Give Up Licenses
- Under a deal with the Federal Aviation Administration, Timothy Cheney and Richard Cole agreed not to fight the revocations of their licenses and can apply for new licenses in August. The two lost track of time last October and flew an Airbus with 144 passengers about 100 miles past Minneapolis before discovering their mistake over Wisconsin.
- Toyota Casts Doubt On Claim Of Runaway Prius
- Company officials question the account of a California man who said his Prius sped out of control earlier this month, saying the vehicle's accelerator was tested and found to be working normally.
- Overhaul Bill Leaves Fed With Even More Power
- Christopher Dodd, the Senate Banking Committee chairman, wanted to strip the Federal Reserve of most of its powers. But his latest proposal gives the Fed more power than it has ever had.
- The Outsiders Who Foresaw The Subprime Crisis
- Michael Lewis, who wrote the best-seller Liar's Poker, is back with a new book examining those who profited from shorting subprime mortgages. In The Big Short, Lewis profiles extreme characters — outsiders — who are the sane people in an insane world.
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