Subprime fears persist; Walmart faces FBI inquiry
CBS News
Transcript
investors will be looking for signs of stability on Wall Street after another seat now finished 63 points lower the Nasdaq sank 27 points fears of a mortgage meltdown continued to haunt investors they're especially concerned about the health of subprime lenders who give home loans to people with weak credit shares of the subprime lender new century were pummeled on Monday down more than seventy percent on fears it will go bankrupt because of a rise in loan defaults and delinquencies Walmart could be in hot water with the FBI the retailing giant fired a systems technician who monitors employee email for intercepting text messages and recording phone conversations without authorization the FBI is investigating to determine if any federal laws were broken Microsoft has lost a major customer the government the Department of Transportation has prohibited federal workers from upgrading office computers with Microsoft's new Windows Vista operating system officials cited concerns over cost and compatibility for the van that's your money watch log on to cbsnews.com for more of business headlines in New York I'm Alexis cristoforos