Obama Presses Congress To Compromise On Cuts
The supercommittee's failure to reach a budget deal had been predicted for days, even weeks. And now leaders in Washington cannot agree on who is to blame, or what should happen next. President Obama said he would veto any effort to get rid of the automatic spending cuts to domestic and defense spending.
Would Romney's Tough China Talk Survive Election?
Former Massachusetts Gov. Mitt Romney has promised to take a hard line against China on trade issues. He's not alone. In 2008, then-candidate Barack Obama made a similar threat. But, experts say, there's a big gap between confrontational campaign rhetoric and action.
Selling Water, Health Care In The Developing World
Healthpoint Services says it has a business model that will not only help the world's low-income populations — but also make a profit. Based in India, the company offers patients videoconferences with doctors, cheap diagnostic tests and clean water. And it hopes to spawn imitators as it proves it can be profitable.
In Cambodia, Aging Khmer Rouge Leaders Go On Trial
Efforts to prosecute the leaders of the Khmer Rouge have dragged on for years, and the survivors are now elderly men. A trial that began this week could well be the last opportunity to put them on trial.
Homeowners May Qualify For Foreclosure Review
Federal regulators have announced a nationwide review of foreclosures by the country's largest banks. The goal is to reach homeowners who've been treated unfairly, or who lost their house when they shouldn't have. Anyone in any stage of foreclosure during 2009 and 2010 is eligible for the review.
Automakers Set To Steer Customers To Hybrids
Some auto executives say customers may not be ready for hybrids yet, but now it's time for the car companies to lead them there. For companies to meet new rules that will nearly double average fuel economy by 2025, hybrids will have to play a much bigger role than they do now.
MF Global Can't Find $1.2 Billion Of Clients' Money
MF Global is the securities firm run by Wall Street veteran and former New Jersey Gov. Jon Corzine. The firm filed for bankruptcy protection last month after making bad bets on European government bonds. A trustee was appointed to wind down the company.
HP Profits Slip But Beat Wall Street Expectations
Hewlett-Packard announced its quarterly earnings were down 90 percent from the previous quarter. The company is going through big changes. It just spent most of its cash on an acquisition, took on $4 billion of debt and named Meg Whitman as the new CEO.
Wal-Mart Lures Bank Customers Frustrated By Fees
The retailer's prepaid debit card is catching on with people who've been burned by extra charges at big banks. The card costs a flat $3 a month and doesn't allow overdrafts. Banks have lobbied against Wal-Mart's entrance into the financial sector, but "their worst fears came true," one analyst says.
Many Will Spend Thanksgiving With Colleagues
The jobs website Careerbuilder.com reports nearly one in five workers said they plan to celebrate the holiday with coworkers. The survey asked workers who they would rather spend Thanksgiving with, and only 1 percent answered coworkers. Ninety percent said family. The remaining 9 percent answered neither.