Trichet on the economy

Trichet on the economy

CNN's Jim Bittermann speaks with the president of the European Central Bank about the global economic crisis.

Women as breadwinners

Women as breadwinners

CNN's Mary Snow looks at the changing dynamics for some families as more women become the breadwinners.

Business Update: Asia bank jitters

Business Update: Asia bank jitters

Feb 20 -Growing worries over the extent depth of the U.S. recession and fears it may nationalise banks caused financial stocks to slump, but ANZ said it was bargain hunting in Asia.

* RBS to sell Asia and US operations

* Hyundai to expand incentive plan

* Japan's monopoly watchdog investigation Seven-Eleven

* India to impose safeguard duty on Chinese aluminium

* Rio postpones price negotiations with Chinese steel mills Stefanie McIntyre reports

Inside Stanford's world

Inside Stanford's world

February 20.- Tycoon Allen Stanford lived large, donating his dollars to the world of sports and politics.

Now that he has been charged with running an 8 billion dollar fraud, politicians are giving his donated money to charity, and sports organizations are severing ties to his company.

Fred Katayama reports.

Business Update: A rough week

Business Update: A rough week

February 20.- Stocks grinded lower on Friday, finishing a 6 percent weekly decline, as investors fear bank nationalization may be inevitable.

The Dow fell 100 points to 7,365. The S&P 500 lost 8 points to 770. The Nasdaq shed a point to 1,441. Gold futures closed above $1,000 an ounce.

Conway Gittens reports from New York.

Speaker: Paul Volcker, key adviser to President Barack Obama

Clinton in China

Clinton in China

Feb 20 - U.S. Secretary of State Hillary Clinton arrives in China indicating she's prioritizing finance, climate change and North Korea.

Clinton said the United States will press China on human rights but this will not keep them working together.

NOTE: Natural sound only, no reporter narration.

Ups and downs in Obama's 1st month

Ups and downs in Obama's 1st month

Feb. 20 - In his first month in office President Obama signed an $800 billion economic stimulus package, but his bank bailout plan was panned on Wall Street.

President Obama also suffered some setbacks in filling his Cabinet. Despite these stumbles, many observers believe the president has gotten off to a very fast start.

Jon Decker reports.

SOUNDBITES:
# U.S. President Barack Obama
# Tom Fiedler, Dean - Boston University's College of Communications

Clinton's tour

Clinton's tour

February 20.- Secretary of State Clinton's first overseas trip was marked by symbols of partnership mixed with policy substance.

Deborah Lutterbeck reports from Washington

SOUNDBITES:
# U.S. Secretary of State Hillary Clinton,
# Heather Hurlburt of the National Security Network.
MORE INFO:Clinton's tour has ranged from high level meetings with officials in Asia where she delivered some tough talk on North Korea to serving as a guest on an Indonesian talk show called "Awesome".

Bernanke testifies

Bernanke testifies

Feb. 20 - Fed Chairman Ben Bernanke heads to Capitol Hill to deliver semi-annual testimony on monetary policy

President Barack Obama will host his Japanese counterpart at the White House on Tuesday, and Tuesday evening Obama speaks to a joint session of Congress.

Deborah Lutterbeck reports.

How bank nationalization would work

How bank nationalization would work

Feb. 20 - The pros and cons of a possible US government takeover of increasingly troubled banks.

The White House says it strongly believes in a privately held bank system but experts like NYU Professor Matthew Richardson say governmental control may be the only way to keep some banks from disappearing. Manoush Zomorodi reports from New York.

SOUNDBITE: Professor Matthew RIchardson of NYU's Stern School of business

California back in black

California back in black

CNN's Richard Quest talks with Noreen Evans of the Californian budgetary committee about the new budget deal.

Clinton fears power struggle

Clinton fears power struggle

CNN's John Vause reports of North Korea gearing up for a possible power struggle to succeed Kim Jong-Il.

Living near fast food outlets

Living near fast food outlets

People who live near many fast food restaurants have a higher risk of stroke. But what exactly is the link?

Students worry about economy

Students worry about economy

Raw emotions as college kids take the economic crisis personally. Tony Harris reports.

Joy Behar and Ann Coulter

Joy Behar and Ann Coulter

Joy Behar, guest host of Larry King Live, has a heated discussion with Ann Coulter about a variety of topics.

The universal cell phone charger

The universal cell phone charger

CNN's Adrian Finighan reports on a one size fits all charger for all cell phones regardless of brand.

Mobile phone banking

Mobile phone banking

Mobile phone operators are eyeing the emerging world, where phone banking is set to boom. CNN's Adrian Finighan reports.

End of the runway?

End of the runway?

Fashion Editor Nicola Copping explains why some designers are cutting corners as the recession hits the fashion industry.



Helps: Style & Fashion

Jobless claims rise

Jobless claims rise

CNN's Stephanie Elam reports on the latest jobless claims numbers, which are up again.

Public trust

Public trust

Fortune.com's Colin Barr talks about whether Americans trust lawmakers to fix the economy.

Swiss bank trouble

Swiss bank trouble

Could Swiss banking secrecy be a thing of the past? CNN's Frederik Pleitgen reports.

Automaker crisis

Automaker crisis

German truck maker Man AG is grappling with declining sales. CNN's Richard Quest talks with CEO Hakan Samuelsson.

Manufacturers feel the pain

Manufacturers feel the pain

CNN's Richard Quest asks Norsk Hydro's Eivind Reiten if commodities are costing more to produce than to sell.

Stanford's father speaks out

Stanford's father speaks out

The father of financier Allen Stanford says he has yet to hear from his son. KTRK's Jessica Willey reports.

CNN Business Bulletin

CNN Business Bulletin

CNN's Alison Kosik has the latest business news in the evening CNN.com Live Business Bulletin.

Govts move to protect Stanford investors

Govts move to protect Stanford investors
20-02-2009

Governments across Latin America and the Caribbean are taking steps to protect investors following the disappearance of the Texas billionaire, Allen Stanford, who's accused of fraud on a massive scale. In both Venezuela and Panama, governments took control of local affiliates of the Stanford group. The Venezuelan finance minister, Ali Rodriguez, said his government was taking control of Stanford Bank Venezuela.

Dow hits lowest level in six years

Dow hits lowest level in six years
20-02-2009

The Dow Jones industrial average has ended at its lowest level in more than six years. It has hovered around its lows of November since Tuesday when the blue chips tumbled 300 points. Worries about the economy and the strength of the technology industry weighed on stocks, resulting in the Dow finishing down 1.2-percent.

UBS to protect its account holders

UBS to protect its account holders
20-02-2009

Switzerland's biggest bank, UBS, has said it will not supply the American authorities with the details of over 50-thousand US citizens believed to have bank accounts in Switzerland. UBS earlier agreed to pay the US government 780-million dollars after admitting some of its staff helped these clients to set up secret accounts.

FBI agents locate billionaire Stanford

FBI agents locate billionaire Stanford
20-02-2009

FBI agents in the United States have located the Texas billionaire - Allen Stanford - in Virginia. His whereabouts had been unknown for several days, since the US Securities and Exchange Commission accused him of an US$8-billion fraud. Sir Allen disappeared from public view on Tuesday when he was accused of the fraud. The SEC filed a civil case in court describing the case as a "fraud of shocking magnitude". He is not in custody and has not been charged with any criminal violations. But officials from the US Justice Department, which handles criminal prosecutions, have made it clear they are proceeding with their own investigation. An FBI spokesman said that FBI agents, acting at the request of the SEC, had served the papers on Sir Allen in Fredericksburg, Virginia. The Texan cricket impresario is accused of luring investors with promises of improbable and unsubstantiated high returns on certificates of deposit and other investments.

CE urges greater Asian role in crisis

CE urges greater Asian role in crisis
20-02-2009

The Chief Executive, Donald Tsang, has called for Asian economies - including Hong Kong -to play a greater role in tackling the global financial crisis. Mr Tsang was speaking after meeting leaders from Japan and South Korea during a visit to the region. He said the crisis could worsen - and Asian economies should be allowed to become more involved in finding solutions to it. Mr Tsang said the world did not merely comprise of the United States and Europe - Asia should play a prominent role as well.

UBS to resist new US probe

UBS to resist new US probe
20-02-2009

Switzerland's biggest bank, UBS, has said it will rebuff a new attempt by the American tax authorities to obtain the details of over 50,000 US citizens holding Swiss bank accounts. The lawsuit, filed yesterday by the United States government, comes the day after UBS agreed to reveal the details of a few hundred clients suspected of tax fraud.

Anglo American cutting 19,000 jobs

Anglo American cutting 19,000 jobs
20-02-2009

The international mining company, Anglo American, says it is cutting 19,000 jobs this year. It's just reported a 29 percent drop in net earnings for last year, and says the severity of the global economic downturn is hard to overstate. Anglo American hasn't said where the job losses will fall, but its operations are focused on southern Africa. It's the world's main platinum producer and the fourth biggest exporter of iron ore. The company also mines copper, coal and diamonds.

As Times Get Tougher, Many Turn to Freelancing

As Times Get Tougher, Many Turn to Freelancing

Sara Horowitz, executive director of Freelancers Union, sees a new project-to-project economy, crossing the spectrum from low-wage workers to highly paid professionals.

Stimulus Plan Not Very Stimulating

Stimulus Plan Not Very Stimulating

Barron's Steven Sears says that Wall Street is cutting ties to Washington. Keep your cash. Faith in Washington is faltering over the stimulus plan.

Firms expected to cut ad budgets

Firms expected to cut ad budgets
19-02-2009

A survey predicts that businesses will cut their advertising budgets by about 13 percent, because of the financial crisis. A survey for the Hong Kong Advertisers Association concludes that television advertising is likely to suffer the most. Vivian Choi, of the marketing research company, Nielsen, which conducted the survey, says companies may explore new platforms, such as social networking websites, or internet search engines.

UBS settles tax avoidance case

UBS settles tax avoidance case
19-02-2009

The Swiss bank UBS has agreed to pay US$780-million in a legal settlement over allegations it created thousands of secret accounts to enable American citizens avoid paying US taxes. It also agreed to hand over account information to American government investigators.

Clinton Kicks Off Asia Tour in Japan

Clinton Kicks Off Asia Tour in Japan

U.S. Secretary of State Hillary Rodham Clinton met with her Japanese counterparts Tuesday on the first leg of her Asia tour. The trip comes as the Japanese cabinet and economy are both shaky.

Destroy Detroit and Save America

Destroy Detroit and Save America

WSJ Mean Street blogger Evan Newmark says in the one month President Obama has been in office, the markets already hate his presidency, his treasury secretary and his stimulus plan. But he tells colleague Dennis Berman the president has a chance to turn the tide -- tell Detroit, "No more Mr. Nice Guy and no more money."

No Bailout for Some Homeowners

No Bailout for Some Homeowners

WSJ's Nick Timiraos talks to Kelsey Hubbard about the $75 billion being spent to help the housing sector. Timiraos explains who the money will benefit -- and who will be left out.

China's Billion-Dollar Hunger for Resources

China's Billion-Dollar Hunger for Resources

WSJ's Rebecca Blumenstein and Andrew Browne discuss China's recent investment in natural resources, including a $25 billion deal with Russia for oil.

Oil Town Faces Bust

Oil Town Faces Bust

A northern frontier town in Canada that boomed when oil prices surged last year is struggling with high real estate inventory, and a commodity with reduced value. WSJ's Christopher Rhoads reports.

A Case for Chrysler, GM and Ford

A Case for Chrysler, GM and Ford

Chrysler, GM and Ford are looking for hefty sums to get through the economic recession. But why should they receive government aid? WSJ reporter John Stoll lays out the companies' arguments.

BoE seeks to increase money supply

BoE seeks to increase money supply
19-02-2009

The Bank of England has formally asked the British government for the authority to increase the money supply in a further effort to stimulate the economy. The idea is to increase funding in the banking system and so boost lending by commercial banks.

People form long queues to withdraw cash

People form long queues to withdraw cash
19-02-2009

Hundreds of people in Venezuela and the Caribbean island of Antigua have been queuing to withdraw their money from banks associated with the Texan financier, Allen Stanford, who's been accused of massive fraud. Financial regulators insisted the banks had sufficient reserves as long queues formed outside branches of the Stanford International Bank in Antigua and Caracas. The authorities in Antigua warned that the charges could have catastrophic consequences for the island, where the billionaire made his home.

US industrial production sharply down

US industrial production sharply down
19-02-2009

Industrial production in the United States took a bigger-than-expected nosedive in January largely reflecting shutdowns at plants making automobiles and related parts. The Federal Reserve report shows that production at US factories, mines and utilities fell 1.8 percent last month. Many economists expected a 1.5 percent decline.

ING announces US$4.5 billion loss

ING announces US$4.5 billion loss
19-02-2009

The Dutch financial group, ING, has reported losses of more than US4.5 billion for the final quarter of 2008. The announcement comes months after it received US$12 billion worth of government help. The chairman of the company, which specialises in banking and insurance, said it had been overtaken by the pace and severity of the global downturn.

Who owns Facebook content?

Who owns Facebook content?

CNN's Alina Cho looks into a change in Facebook policy that may affect what happens to the info you post on the site.

New version of Windows Mobile

New version of Windows Mobile

At the Mobile World Congress, CNN's Adrian Finighan asked CEO Steve Ballmer what Windows Mobile 6.5 is all about.

Stimulus bill become law

Stimulus bill become law

President Obama talks about the advantages of the the American Recovery and Reinvestment Act before signing into law.

Japan's finance minister quits

Japan's finance minister quits

Japan's finance ministers resigns, the latest in a string of troubles for its prime minister.

CNN's Eunice Yoon reports.