Tuesday, April 15, 2008

Wachovia reports unexpected loss



Apr 14 - Earnings season is in full swing as the week began with more bad news from the nation's fourth largest bank. Oil prices hit a record high thanks to a weak dollar and supply disruptions. Meanwhile, markets were caught off guard by Blockbuster's offer to buy struggling electronics retailer Circuit City for $1.3 billion.

Bobbi Rebell reports.