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business & economy

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Banks imposing more fees, taking away free checking accounts

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There was a time when banks gave away free checking accounts in exchange for you giving them your money to do with as they pleased until you needed it. But for most Americans, those days have gone.
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Despite tepid demand, automakers rushing hybrids to market

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Hybrid cars account for just 2.5 percent of the car market despite being on the market for about a decade. But automakers continue to offer more, perhaps in hopes they'll help balance out their fuel efficiency average.
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Obama pledges to bring manufacturing back to the U.S., but is it possible?

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In the State of the Union, President Barack Obama insisted he would bring manufacturing jobs back to the United States. But, to some, the proposals he laid out barely begin to address the disadvantages American companies face in manufacturing at home.
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Historic Milwaukee bank caters to newly arrived immigrants

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Mitchell Bank open more than 100 years ago, to serve the Polish and German immigrants on Milwaukee's south side. Over time, though, the Poles and Germans moved out and the bank stayed — to serve the area's new Latino population. And the bank has thrived.
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Nicaragua distillery trying to bring its rum to the world

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The Flor de Caña distillery nearly went under during the Sandinista revolution — but with that episode past, the rum maker is growing and expanding.
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As wealthy invest in urban properties, middle class being priced out in some areas

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For the wealthiest global citizens, the investment of choice is increasingly becoming real estate in the most desirable areas of the world's largest cities. In London, for example, home prices are skyrocketing, and it's pushing many of the middle class to a point where home ownership is unthinkable.
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VIDEO: Residents of Nome get set to offload emergency tanker shipment

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The tanker Renda has anchored off the coast of Nome, Alaska. All that's left now is for the 1.3 million gallons of gasoline and diesel fuel to be off-loaded into town, using a pipe stretched a half a mile over ice-covered ocean.
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VIDEO: Target announces partnerships to offer high-end boutique type merchandise

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Target on Thursday rolled out a partnership with five, upscale boutique retailers, it's latest step into the world of high-fashion and high-tech, and a bid to better compete with rivals, like Walmart.
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Detroit auto show showcases American car manufacturers on road to recovery

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As car manufacturers gather in Detroit for the North American International Auto Show, the definite focus is on the remarkable recovery the American automakers have made in the past couple years.
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U.S. aerospace and defense contractors set up shop across the border

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Rather than ship business to China, more U.S. high tech companies are choosing to setup up factories just across the U.S. border in Mexico. Low-tech businesses have been doing it for decades, but the new arrivals are decidedly different.
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