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Hillary Clinton declared her candidacy today for reelection to the US Senate. She made no mention of a possible presidential bid in 2008, but she has amassed a $20 million war chest. Scott Tong reports.

Hurricane season begins tomorrow. And companies big and small are looking to insure themselves differently than they did before Hurricane Katrina. Cheryl Glaser reports.

Air traffic controllers and the FAA have been at the bargaining table for nine months. Neither side is ready to budge. Eric Niiler takes a look at the showdown.

In a major policy shift, the United States said it is willing to talk with Iran — if Iran suspends its nuclear fuel enrichment activities. John Dimsdale reports.

Commentator Robert Reich says his former college classmate — newly-nominated Treasury Secretary Henry Paulson — needs to do more than sell President Bush's policies to help the economy. He has to reverse them.

A report out yesterday says US gasoline imports should be able to make up for any supply disruptions that could arise from Gulf Coast hurricanes this year. Hillary Wicai reports.

After yesterday's losses, European shares regained their poise this morning, and it may have something to do with Henry Paulson's nomination to become US Treasury Secretary. From London, Stephen Beard reports.

The automaker announces it's bringing in the president of its successful Asian division to oversee its struggling North American operation. Tess Vigeland reports.

Peru is one of South America's economic success stories, so why are voters looking for change? Dan Grech reports on the economic stakes of the upcoming Peruvian elections.

Unionized workers at Alcoa have threatened to strike when their contract expires at midnight tonight, but a walkout may actually help the company's bottom line. Alisa Roth reports.