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Biz Headlines: 9/5

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  • Description

    Wednesday business wrap-up

  • Duration 1:13
  • Date

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America's ability to compete globally is in decline.

According to a new survey the United States is now ranked seventh and a list of the world's most competitive economy last year we were number five.

Concerns of our fiscal issues one of the main reasons for that -- Meanwhile another drop in interest rates wasn't enough to get more people into the housing market.

Mortgage applications falling for the fifth straight week this coming with a mortgage rates still near record low level.

And I had a body jobs report one company is cutting jobs.

Cosmetics company Revlon flashing around 5% of its workforce as it closes to manufacturing plants.

And another week another round of recalls this time from fort.

The auto maker putting the brakes on more than 7000.

Of its new escape suvs the problem.

Leaking in the cooling system second spell on to the engine and cause fire.

That's not a good thing.

And that's business.

I'm deadliest.

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