With the fall television season well under way, Renee Montagne talks to reporter Kim Masters about how the broadcast networks and their new shows are faring. Masters is editor-at-large for The Hollywood Reporter and host of The Business on member station KCRW.
Bank of America will release quarterly earnings on Wednesday, and once again, foreclosures will be part of the equation. The Charlotte-based bank's handling of the housing crash upset a lot of people. And yet, some of those closest to the foreclosure mess are softening toward the bank.
Four major manufacturers say they would offer financial support for training military veterans. The unnamed amount will go toward a program called Get Skills to Work Coalition, which has set its initial goal at training 15,000 vets.
With mortgage rates near rock bottom and housing prices stable, many fence-sitters are jumping into the home market and leaving the world of renting behind. But first, they have to get approved for a loan.
Japan's Softbank has announced it will spend $20 billion to take a majority stake in Sprint-Nextel. The deal will provide Sprint, the third largest carrier in the U.S. market, with some much needed cash. It also gives Softbank the opening it's been looking for to break into the U.S. market.
Sunday's stratosphere skydive by Felix Baumgartner was a record-breaking success for the daredevil jumper and a marketing triumph for Red Bull Energy Drink, which sponsored the event. The company's pioneering marketing strategies have propelled it to global success. Melissa Block talks with business writer Duff McDonald, who has profiled the Austrian company and its founder.
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