Hard hit by slumping travel following Sept. 11, US Airways filed for Chapter 11 on Sunday, the first major carrier to ask for bankruptcy protection since the jetliner-based terror attacks jacked up security costs and gave millions fear of flying.
What does this mean for the airline industry? And why didn't the government's billion dollar bailout package help the struggling company? Charles Slepian, chairman of the Foreseeable Risk Analysis Center, offers his insight.
Former ImClone Systems Inc. executive Samuel Waksal pleads not guilty on Monday to banking and securities fraud charges. But is homemaking guru Martha Stewart the real target of the insider trading probe? We'll ask New York Post columnist Christopher Byron, author of Martha Inc.
We'll also look into how investors and regulators plan to go after the personal finances of officers and directors involved in corporate meltdowns.
We'll take the market's temperature with Gary B. Smith, contributing editor at RealMoney.com, and Frank LaSalla, president and COO at BNY Clearing Services International.
Weak retail sales have many people calling for the Fed to cut rates tomorrow. But should they? Richard Berner, chief economist at Morgan Stanley Dean Witter, and Diane Swonk, chief economist at Bank One, join the debate.
Were U.S. consumers busy ringing up the cash registers last month? We'll ask Howard Davidowitz, chairman of Davidowitz and Associates.
Plus, will Major League Baseball's Player Association set a strike date? And if so, will the owners call their bluff? Sen. Jim Bunning, R-Ky., weighs in.
And, we'll preview the upcoming White House Economic Forum and speak with Rep. Harold Ford, Jr. D-Tenn., who is angry about being shut out.
We'll have these stories and more!
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