Denny Hecker pleads not guilty to fraud Former Minnesota auto mogul Denny Hecker has pleaded not guilty to federal fraud charges alleging he operated a multi-million dollar scheme to defraud lenders.7:25 a.m.
Snow Banks Can Mean Big Money, Or Losses
This week's terrible weather has had a big economic impact on state and local budgets as well as on tourism in the mid-Atlantic region. Maryland already is millions of dollars over its allotted snow budget. The private sector has many losers too. But while some travelers canceled hotel reservations, their rooms were rented to area residents who had to get to work, or were without power.
Airport Snow Days Felt In Warm Weather Areas Too
This past week's nasty winter weather left a lot of travelers stranded. Airline passengers vented their frustration, and airline analysts said the tough winter has been hard on financially squeezed airlines. An inn keeper in Key West, Fla., says those flight cancellations have hurt this business.
Snow Can Make Or Break A Service Industry Employee
Cab drivers in Washington, D.C., have lost a lot of money because of the recent snow storms. Many companies had to close their doors because employees couldn't get to work. Stores and restaurants that were open did well, if their patrons lived near by and could walk to the establishments.
Vancouver Olympics Open With Indoor Ceremonies
The Winter Olympics get under way Friday night in British Columbia, Canada — and it's a good thing the ceremony is inside, because the weather outside has been far from ideal for winter sports.
Olympics Met With Mixed Emotions By First Nations
Organizers of the Vancouver Games have made a big deal of including Canada's native people in preparations for the Olympics. Some natives see themselves as full partners in the games, but others say the events are being held without their permission on what amounts to stolen land.
With Nominees On Hold, Obama May Rely On Recess
The Senate's traditional approach to a president's nominees has been to advise and consent. But with Senate Republicans lately, it's been more like chastise and dissent. The seating of Sen. Scott Brown cost Democrats their filibuster-proof majority. GOP senators are wielding their new clout to block President Obama's picks.
Spain Faces Massive Deficit, Economic Woes
The debt problems of Greece dominated the discussions among EU leaders at their summit in Brussels Thursday. But the size of the Spanish national debt makes the Greeks problem look tiny. Spain has the biggest debt of any of the countries that use the Euro. It is also is an important economy in Europe.
Island Of Hispaniola Has Two Varied Economies
Haiti and the Dominican Republic make up the Caribbean island of Hispaniola. The two countries have very different economies, but the question is why? The answer lies in the dreams of two men who make T-shirts for a living — one in Haiti, the other in the Dominican Republic.
Kraft To Close 1 Cadbury Plant In UK
Just weeks after taking over British confectioner Cadbury, Kraft has announced it's closing one of Cadbury's production facilities — despite its earlier promises not to. And that's got Cadbury workers at the flagship Bournville plant worried the same thing will happen to them.
Japanese Embrace Valentine's Day
Chocolate-giving is a ritual among everyone in Japan from schoolchildren to senior citizens. But the country has developed its own way of celebrating the erstwhile day of romance, and the custom is still evolving.