Feature

The bottom line

Banks still plagued by toxic assets; Size of average, newly built home shrinks; Car showrooms face shortages; Who is the higest-paid executive of them all?; Fox News up, CNN and MSNBC down

Banks still plagued by toxic assetsToxic assets are still plaguing the nation’s banks. At least 150 U.S. lenders have 5 percent or more of their assets tied up in nonperforming loans, a level that could wipe out their equity and threaten their survival.Bloomberg.com

Size of average, newly built home shrinksFor the first time in more than a decade, the size of the average newly built American house has shrunk, to 2,065 square feet. The 7 percent decline is the equivalent of one average-size room.CNNmoney.com

Car showrooms face shortagesThe popular “cash for clunkers” rebate program has led to shortages in car showrooms, and Ford is cranking up production to turn out 495,000 vehicles this quarter, an 18 percent rise from last year.The Wall Street Journal

Who is the higest-paid executive of them all?The highest-paid U.S. executive last year was Blackstone CEO Stephen Schwarzman. The CEO of the money-management firm took home more than $700 million, most of it in the form of company stock. Seven CEOs collected more than $100 million in 2008.CNNmoney.com

Fox News up, CNN and MSNBC downFox News is benefiting from the white-hot controversy over President Obama’s health-care plan. The conservative network’s viewership is up 11 percent this year, while rivals CNN and MSNBC have lost viewers.Associated Press

Recommended

Biden: NATO leaders 'thanked me' for setting up meeting with Putin
President Biden.
taking one for the team

Biden: NATO leaders 'thanked me' for setting up meeting with Putin

Indian Christian sect leader Ziona Chana dies, leaving 38 wives and 89 kids
Ziona Chana family
Rest in Peace

Indian Christian sect leader Ziona Chana dies, leaving 38 wives and 89 kids

The daily business briefing: June 14, 2021
Novavax vaccine results released
Business briefing

The daily business briefing: June 14, 2021

10 things you need to know today: June 14, 2021
The G7 summit
Daily briefing

10 things you need to know today: June 14, 2021

Most Popular

Georgia election workers reportedly received a 'torrent' of threats
Trump rally.
The big lie

Georgia election workers reportedly received a 'torrent' of threats

Bernie Sanders wants to know if cannabis reporter is 'stoned' right now
Bernie Sanders.
Sounds dope

Bernie Sanders wants to know if cannabis reporter is 'stoned' right now

The week's best photojournalism
Elephants.
Photos

The week's best photojournalism