With an estimated 50,000 GM and Ford employees expected to take buyout packages from the two carmakers, the United Auto Workers union will be taking a serious hit to its membership. John Dimsdale reports.
If there was ever a good time to have high cholesterol, this might be it. The patent on the cholesterol-lowering statin drug, Zocor, expires today. So, generics will soon hit the market, bringing prices down. Helen Palmer reports.
A major hedge fund is being investigated by the SEC for insider trading, while an SEC rule governing the funds has been thrown out by the courts. Amy Scott reports.
The deal is more evidence there's money to burn in oil and gas with prices at near record levels. Anadarko will become the country's biggest independent energy exploration company. Alex Cohen reports.