Repairing the Red Cross

Stung by criticism of how it handled Hurricane Katrina and the 9/11 attacks, the American Red Cross today announced plans for a major overhaul that includes slashing its 50-member board. Helen Palmer reports.

Treasury market manipulation?

Government regulators are reportedly looking into possible illegal manipulation of the $4.5 trillion U.S. Treasury bonds market. John Dimsdale reports.

Trouble at Clear Channel

Clear Channel today posted higher-than-expected Q3 profits, but earnings are down and its stock price has tumbled since 2000. As the media giant considers whether to put itself up for sale, Lisa Napoli adds up the numbers.

Hedge funds leaning blue

Leading hedge funds have been making major contributions to the Democratic Party heading up to the midterm elections. Amy Scott looks at what's behind the industry's tilt to the left.

Even more fraud on Wall Street

The SEC is already investigating more than 100 companies for possible stock option backdating. Now it turns out that some executives may have also fudged exercise dates in order to avoid income taxes. Jeff Tyler explains.

Millions worth of weapons missing

There's news out of Iraq that the U.S. military has lost track of tens of thousands of weapons purchased for Iraqi security forces — and failed to record serial numbers for about 370,000 weapons. Hillary Wicai reports.

It's still the economy stupid

The GOP's strategy of focusing on Iraq and national security seems to be backfiring in the polls. A majority of Americans are now against the war. So perhaps this election isn't about the economy after all? Commentator Benjamin Barber says, yes it is.

Nigeria's oil curse

Protesters yesterday shut down an oil pumping station in the Niger Delta. It's one of the richest oil regions in the world, but residents don't benefit much. Host Kai Ryssdal talks to documentary filmmaker Sandy Cioffi who just returned from the area.