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A new study shows homeowners who bought within the last five years are "under water;" or owing more than their home is worth. Alexis Christoforous has today's top business stories. Author: CBS Keywords: alexis christoforous homeowners mortgage crisis jp Added: August 12, 2008

Alexis Christoforous reports on Wall Street's anticipation of the Federal Reserve's decision on interest rates; and high unemployment and weak auto sales in July lowered stocks. Author: CBS Keywords: money watch alexis christoforous wall street Added: August 4, 2008

Alexis Christoforus reports that the massive housing bailout bill was signed by President Bush; Oil prices jumped, while Delta Airlines plans to double its fee for checking second bags. Author: CBS Keywords: alexis christoforous money watch delta airlines Added: July 30, 2008

Alexis Christoforous reports the nationwide average for gas slipped under $4; GM will cut production on more vehicles; and, the IMF says there's no end in sight for the housing slump. Author: CBS Keywords: money watch alexis christoforous gas prices gm imf Added: July 28, 2008

Alexis Christoforous reports the Federal Reserve will let Fannie and Freddie borrow money at a discount; President Bush lifted an executive ban on offshore oil drilling; Anheuser Busch buys Inbev Author: CBS Keywords: money watch moneywatch alexis christoforous Added: July 14, 2008

High gas prices force drivers off the road during Memorial Day. A major airline has announced new charges for travelers. Plus, pet owner lawsuits have been settled. Alexis Christoforous reports. (CBSNews.com) Author: CBS Keywords: Alexis Christoforous Money MoneyWatch Gas Oil Airline Travel Car Pets Added: May 26, 2008

Google and Microsoft are once again aiming for a merger, gas prices continue to soar, and Nintendo has a new way for buyers to stay fit. Alexis Christoforous reports today's top financial news. (CBSNews.com) Author: CBS Keywords: Money MoneyWatch Alexis Christoforous Finance Business Nintendo Microsoft Yahoo Stock Economy Added: May 19, 2008

Alexis Christoforous reports demand for gas will drop by summer as prices rise; crude oil prices hit record highs; and Hyundai and Kia cars will feature Microsoft voice-control music players. (CBSNews.com) Author: CBS Keywords: alexis christoforous hyundai kia microsoft gas prices oil economy finance business Added: May 7, 2008

Alexis Christoforous reports access to credit is limited after banks report $300 billion in losses; oil topped $120 a barrel sending down stocks; and electronics prices are expected to climb by summer. (CBSNews.com) Author: CBS Keywords: wall street alexis christoforous economy interest rates oil prices electronics credit crisis crunch news Added: May 6, 2008

Crude oil prices continue to soar to $120 a barrel, as the rise in gas prices with the fall of the U.S. dollar caused stocks to drop. Alexis Christoforous reports on today's top financial news. Author: CBS Keywords: MoneyWatch Alexis Christoforous Finance Money Business CBS News Stock Oil Gas Added: May 5, 2008

Alexis Christoforous reports unemployment is expected to have risen in April; analysts say airlines may cut capacity by 20 percent next year; and GM looks for corn alternatives to produce ethanol. (CBSNews.com) Author: CBS Keywords: money economy business finance GM ethanol alexis christoforous Added: May 2, 2008

American drivers are trading in their gas guzzlers for more fuel efficient vehicles. And Exxon Mobil made $11 billion in the first three months of this year. Alexis Christoforous reports. (CBSNews.com) Author: CBS Keywords: moneywatch alexis christoforous exxon mobil fuel gas oil crude Added: May 1, 2008

Alexis Christoforous reports the Fed's rate cut couldn't keep the Dow from falling; new home mortgages are down as home values drop; and Starbucks hopes to lure customers with healthier drinks. (CBSNews.com) Author: CBS Keywords: Alexis Christoforous MoneyWatch starbucks business finance economy dow jones interest rates federal reserve news Added: May 1, 2008

Alexis Christoforous reports the Fed will likely make another interest rate cut; home prices dropped a record 13 percent in 2007; and British Airways raises fees to cover fuel costs. (CBSNews.com) Author: CBS Keywords: alexis christoforous moneywatch british airways federal reserve wall street home prices recession economy Added: April 30, 2008

Alexis Christoforous reports Wall Street worries sunk the Dow Monday; credit card companies report earnings this week; and "Grand Theft Auto 4" hits stores. (CBSNews.com) Author: CBS Keywords: money watch alexis christoforous wall street dow jones economy business grand theft auto Added: April 29, 2008

Alexis Christoforous reports Microsoft's drop in profits has investors worried; lawmakers want President Bush to pressure OPEC to increase production; and home mortgage interest rates are rising. (CBSNews.com) Author: CBS Keywords: Alexis Christoforous money watch wall street oil barrel opec business microsoft fannie mae freddie mac news Added: April 25, 2008

Alexis Christoforous reports that disappointing corporate earnings did not upset Wall Street's rally; and officials are concerned that Google-Yahoo ad testing may violate anti-trust laws. Author: CBS Keywords: alexis christoforous money google yahoo amazon wall street economy finance business Added: April 24, 2008

Alexis Christoforous reports government efforts to stave foreclosures are ineffective; earnings reports drive a sell-off on Wall Street; and future U.S. fuel efficiency standards are enhanced. (CBSNews.com) Author: CBS Keywords: money watch alexis christoforous fuel efficiency standards wall street yahoo google microsoft foreclosures Added: April 23, 2008

Alexis Christoforous reports Wall Street awaits the Yahoo earnings report for its value compared to Google, Microsoft; gas prices hit another record high; and United raises fees to cover costs. (CBSNews.com) Author: CBS Keywords: Alexis Christoforous MoneyWatch Money Finance Business Wall Street Gas Prices yahoo google microsoft united Added: April 22, 2008

Gas prices continue to soar, but fuel is not the only product rising in costs. As Alexis Christoforous reports, experts say that American families will face rising food and toy prices also. (CBSNews.com) Author: CBS Keywords: Money MoneyWatch CBS News Stock Market Wall Street Dow Jones Alexis Christoforous Food Toy Finance Added: April 21, 2008

Alexis Christoforous reports investors will focus this week on tech sector quarterly earnings; Wall Street will try to extend its recent gains; and flights are taking longer than those a decade ago. (CBSNews.com) Author: CBS Keywords: alexis christoforous money watch wall street oil barrel prices airlines fares delays news economy Added: April 21, 2008

Alexis Christoforous reports on today's top financial news. Oil prices continue to rise to all time highs, as crude briefly topped a $117 a barrel. Google stocks surged while Citibank faced losses. (CBSNews.com) Author: CBS Keywords: Alexis Christoforous MoneyWatch Finance Business Oil Gas Economy U.S. Stock Wall Street Dow Citibank Google Added: April 18, 2008

Strong earnings from JP Morgan Chase, Coca Cola and Intel improved the mood on Wall Street. But, as the Fed's latest survey shows, hard economic times are slowing consumption. Alexis Christoforous reports. (CBSNews.com) Author: CBS Keywords: moneywatch alexis christoforous fed economic times consumption economy Added: April 16, 2008

Alexis Christoforous reports several big companies are likely to report losses this week; bad news from banks caused a dip on Wall Street; and a drop in home construction is expected for April. (CBSNews.com) Author: CBS Keywords: alexis christoforous moneywatch wall street merrill lynch citigroup wachovia home construction economy money Added: April 15, 2008

Alexis Christoforous reports a Delta-Northwest merger may be announced next week; United is hiking airfares again; and American has lost millions because of cancelled flights. (CBSNews.com) Author: CBS Keywords: Alexis Christoforous money watch moneywatch united american delta northwest airlines delays fares merger Added: April 11, 2008

Alexis Christoforous reports crude oil hits high after U.S. supplies drop; a Google-Yahoo deal may affect Microsoft's bid; and 85 percent of Americans will not spend their tax rebate checks. (CBSNews.com) Author: CBS Keywords: microsoft google yahoo bid deal merger oil crude prices barrel tax rebates irs alexis christoforous Added: April 10, 2008

Alexis Christoforous reports summer gas prices could hit $4 per gallon; the Federal Reserve worries a more severe economic slump awaits; and a new tax credit is proposed to buyers of foreclosed homes. (CBSNews.com) Author: CBS Keywords: Alexis Christoforous federal reserve bank gas prices pump summer travel foreclosures tax credit buyers Added: April 9, 2008

Alexis Christoforous reports fewer lenders are loaning money to college students; Alcoa reported earnings slashed in half last quarter; and luxury car sales made a significant drop in March. (CBSNews.com) Author: CBS Keywords: Alexis Christoforous MoneyWatch student loans luxury cars sales alcoa earnings lenders first quarter Added: April 8, 2008

While Yahoo remains receptive to a possible merger deal with Microsoft, the search engine company insists that they are worth more money. Alexis Christoforous reports on today's top financial news. (CBSNews.com) Author: CBS Keywords: MoneyWatch Money Watch Alexis Christoforous Finance Stock Market Business Economy U.S. Yahoo Microsoft Wall Street Added: April 7, 2008

Alexis Christoforous reports gas supplies are falling, driving prices higher; Wall Street on edge over first quarter earnings; and most Americans believe a recession has already started. Author: CBS Keywords: Alexis Christoforous MoneyWatch Money Finance Business Wall Street Gas Prices recession Added: April 7, 2008