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Credit-Reporting Agencies Create New Scoring Format
A new formatting of credit scores has been created through a partnership among the three major credit-reporting agencies, Equifax, Experian and TransUnion. Evan Hendricks, publisher and editor of Privacy Times talks with Michele Norris about the new system.
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Former CFO Testifies Against Enron Executives
Andrew Fastow, the former chief financial officer of Enron, begins testimony as the key prosecution witness against his former bosses, Kenneth Lay and Jeffrey Skilling. In testimony, Fastow directly connects Skilling to a conspiracy to minimize losses and make the company's earnings look better.
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Curfew Brings Quiet But Iraqis Say Crisis Isn't Over
An unprecedented daytime curfew imposed by the Iraqi government deters attacks after a recent surge in sectarian violence. Iraqis, however, say that the crisis caused by Wednesday's bombing of a Shiite shrine is far from over, and rumblings of civil war can be heard around Baghdad.
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Supreme Court Throws Out Arthur Andersen Conviction
The Supreme Court overturns the conviction of the accounting firm Arthur Andersen. The company had been convicted of instructing employees to shred documents, hindering an investigation of Andersen's role at Enron Corporation. Andersen said its officials had been reminding employees of the firm's policy of disposing of documents that are no longer needed.
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Union: GM Cuts Not Enough for Turnaround
Reacting to proposed job cuts at General Motors, United Autoworkers officials say the U.S. car giant can't shrink its way out of its financial problems. GM plans to eliminate 25,000 jobs and close some of its plants by 2008. The automaker lost more than $1 billion in the first quarter of 2005.
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Congress Looks to Cut Funding for Public Broadcasting
House Republicans have put funding for public broadcasting on the chopping block. They say their action isn't related to ideological concerns. The move comes at a time when public broadcasters are confronting allegations of liberal bias.
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Democrats Investigate Downing Street Memo
Democrats on Capitol Hill hold a hearing today on the so-called Downing Street Memo. The memo for British Prime Minister Tony Blair reportedly suggests that U.S. intelligence was ''being fixed" in 2002 to back up President Bush's desire to invade Iraq.
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Karine Jean-Pierre will become White House's 1st Black press secretary
Jean-Pierre will also be the first openly gay person to have the most visible post at the White House aside from the president.
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1:24
In The Ohio River Valley, Voters Aren't Sure Either Candidate Can Help
Neither President Obama nor Mitt Romney seems to be winning the hearts of blue-collar voters in this part of the state. Economically, says one analyst, many residents here should be voting Democratic; but their social conservatism clouds the picture.
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4:24
Inside The Indiana Megadairy Making Coca-Cola's New Milk
Coca-Cola got a lot of attention in November when it announced it was going into the milk business. In fact, its extra-nutritious milk product was invented by some dairy farmers in Indiana.
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