Falling Stocks Fuel Fear Of Rising Retirement Age
Many people in their 40s and 50s are feeling the painful equation. When the market drops, so do their 401ks. It seems the only thing going up these days is the retirement age.
Watch CBS News
Many people in their 40s and 50s are feeling the painful equation. When the market drops, so do their 401ks. It seems the only thing going up these days is the retirement age.
Airlines have started rolling back fare increases. Passengers are likely to pay the same prices even though ticket taxes are being collected again.
The relentless summer heat wave is wilting business at North Texas greenhouses, with landscapers and growers offering heavy discounts.
Movie theater chain Cinemark said its net income edged up as higher revenue from tickets and concessions outpaced costs for film rentals.
Upscale retailer Neiman Marcus said that revenue for stores open at least a year rose 6.5 percent, benefiting from strong sales of designer items.
Southwest Airlines boosted its profit with higher fares and more traffic, but fuel costs soared a stunning 64 percent higher than a year ago.
Retail gasoline prices in Texas have slipped a penny this week. AAA Texas on Thursday reported the average price per gallon statewide is $3.61.
Texas cattle rancher Charles Kothman is down to six calves and their mothers after selling off 80 animals in recent months.
As the debt ceiling debate rages in the U.S. Congress, area businesses plan ways to cope with the possibility of long term interest rates rising.
Retail gasoline prices in Texas have risen a penny this week to average $3.62 a gallon. The nationwide price at the pump rose 2 cents to $3.71.
Exxon says higher oil prices and refining margins boosted its second-quarter profits 41 percent, the highest profit for the company since 2008.
While the U.S. Congress struggles over what to do with the pending debt ceiling deadline, local congressional representatives are getting an earful from constituents. A common theme they are hearing is "do something."
A recall of thousands of pounds of ready-to-eat chicken has been expanded over concerns that the meat could be contaminated with bacteria.
Days of triple-digit heat sucked the moisture from the soil. Farmers now walk through rows of sunbaked and stunted stalks amid a record drought.
The Postal Service is considering closing more than 1 in 10 of its retail outlets. The financially-troubled agency announced Tuesday that it will study 3,653 local offices, branches and stations for possible closing.