MoneyWatch

Alexis Christoforous reports on the ouster of Merrill Lynch s CEO the Federal Reserve kicks off its two-day meeting and Google plans its launch of Google-powered cell phones.

Alexis Christoforous reports on plummeting stocks due to April's dismal retail sales figures and a growing trade deficit; JetBlue ejected its CEO and founder; and Honda plans a hydrogen-powered...

Alexis Christoforous reports on the ouster of Merrill Lynch's CEO; the Federal Reserve kicks off its two-day meeting; and Google plans its launch of Google-powered cell phones. (CBSNews.com)

Alexis Christoforous reports on the Dow's upswing; housing reports rally investors; GM's plans for a hydrogen fuel cell car; and a Father's Day survey puts family before work. (CBSNews.com)

Alexis Christoforous reports that Wall Street had its biggest jump in 5 years; gas and food prices are squeezing family budgets; and hardship withdrawals from 401k plans are up significantly.

Alexis Christoforous reports on falling demand for gasoline; GM plans to hike prices on its 2008 vehicle models amid layoffs; and the FCC eases rules governing media regulation. (CBSNews.com)

Collaborations are abound in the business world today, as Starbucks and AT&T team up, while NetFlix plans to exclusively offer the Blu-Ray DVDs. Alexis Christoforous has the daily top financial...

Alexis Christoforous reports on crude oil's record high; OPEC's plans to increase oil production; and the rising cost of healthcare in the U.S. (CBSNews.com)

Alexis Christoforous reports home resale values fell to a 10-year low, contributing to the Dow's biggest drop in a month; and subpoenas were issued to mortgage lenders who may have committed fraud.

Alexis Christoforous reports on Delta's plans to merge with Northwest; the Supreme Court overturns a case against Vioxx; and how the mortgage mess is fueling fraud.