From New York: The online scam known as phishing has become a major problem this year. But businesses are fighting back.

From Los Angeles: The liquor industry is already celebrating a big year, even before the Christmas and New Years weekends.

From Washington: President Bush and his economic advisers open a two-day economic summit today in Washington.

From Washington: Yesterday, the Federal Reserve nudged interest rates up again. And the slow creep is expected to continue next year. That might be a problem for homeowners who have Adjustable Rate Mortgages.

From Los Angeles: It's never too late to start your own business it seems. A study from the senior citizens' lobby finds that many older people are choosing to get into franchising.

From London: The beleaguered Russian oil company Yukos has filed for bankruptcy in the United States. The company is trying to prevent the forced sale of its main production arm this weekend.

From New York: When Barnes and Noble began putting out its own line of books, it put itself into direct competition with its clients-publishing houses. Now, a publisher, Random House is hoping to fight back-the company announced that it may begin selling its books directly to the consumer.