It's all about how you raise minimum wage

The federal minimum wage hasn't been touched in a decade, but it looks like it'll finally be bumped up to $7.25 an hour. Commentator and economist Len Burman says we oughta be doing this more often.

iTV set to battle DVD

Macworld gets underway today and industry watchers expect to see more about iTV, a device that lets you watch downloaded movies on your TV — and that's put DVD retailers on the offensive. Janet Babin reports.

Gap goes shopping for a buyer

Private equity could soon get the chance to try on Gap apparel. The retail heavyweight has reportedly hired Goldman Sachs to explore its sale. Dan Grech has the story.

Hollywood learns its consumer electronics lesson?

Once upon a time, the big movie studios battled to outlaw the VCR. But today the entertainment industry has a new way of looking at things, Bob Moon reports.

Two Buds are better than one

For the past century, Budweiser has been in a bitter court battle with a Czech company that makes a lager called Budweiser in Europe. Finally, a compromise.

Knocking back a beverage bias

It seems you can't sit down to breakfast without hearing about another nutrition study. A lot of the research is funded by the food and beverage industry — and that's a cause of indigestion for some. Allan Coukell explains.

TSA screeners could get union rights

The House will vote on a bill today that would allow airport baggage screeners to bargain over working conditions as union members. Nancy Marshall Genzer has details.

Chavez plunges down socialist path

Venezuelan President Hugo Chavez says he'll nationalize his country's largest phone company and utilities — a move that'll probably affect foreign investors. Louis Hamann reports.

Power shifting in Latin America

Nicaragua swears in new president Daniel Ortega tomorrow. He ruled that nation once before back in the '80s, allied with the Soviet Union. Nowadays, he's close to another U.S. foe. Dan Grech reports.

Russia, Belarus still on the outs

The escalating dispute between Russia and Belarus over oil and gas prices has spilled over into Europe — but oil prices remain curiously unaffected. Stephen Beard explains.