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Langone's Bid for the NYSE

Apr 26, 2005
More details about Kenneth Langone's competing bid to buy out the New York Stock Exchange have emerged. Funny thing is, it's not that different from the deal the NYSE announced last week. Host David Brown speaks with <i>Business Week's?</i> Michael Mandel about the competing bids.

Learning lessons from the London Stock Exchange

Apr 26, 2005
The dust is still clearing from last week's announcement that the New York Stock Exchange will become a public company. The same thing happened at the London Stock Exchange several years ago. As Marketplace's Stephen Beard reports, the NYSE might want to take heed.

Wine nation

Apr 26, 2005
Americans are sipping more Shiraz and pouring down more pinot than ever before. You can chalk it up to a few things...the movie &quot;Sideways&quot;, marketing making wine more approachable, and a glut of grapes that's made the stuff cheaper in some cases than bottled water. U.S. wine consumption has nearly doubled in the last 10 years. And as more of us come to the table, some wine connoisseurs and merchants are worried that a lot of what IS on the table is starting to taste the same. Marketplace's Brian Watt reports.

Marijuana in S.F.

Apr 26, 2005
The city of San Francisco launched public hearings yesterday on how to regulate the medical marijuana trade. Meanwhile, the US Supreme Court is about to rule on a case involving the growing of medical marijuana. As the city waits for the ruling, Nancy Mullane reports San Francisco officials are worried the pot problem may be out of control.

Valero buys Premcor

Apr 25, 2005
The biggest crude oil refiner in the U.S. is Exxon-Mobil. At least for a few more weeks. Then the baton will pass to another company. Today Valero Energy said it's buying a rival company called Premcor, a $A seven billion dollar deal. That may be a bargain. In the words of one analyst--quoting here--this will be a cash-making machine for the foreseeable future. Any guesses what that means for the rest of us? Marketplace's Alisa Roth reports.
Posted In: Canada

GM recall

Apr 25, 2005
General Motors announced the recall of more than two million vehicles today. The recall comes at a bad time for GM. Marketplace's Matthew Algeo explains.

Dealing with Iran

Apr 25, 2005
This week, new talks over Iran's nuclear ambitions. France, Germany and the UK have kept the diplomatic pipeline open. The Europeans are offering economic incentives. Washington's taking a different approach with Iran, economic sanctions. Despite the split approach...or perhaps because of it...we are starting to see some clear winners. They're the ones making money. From Teheran, Borzou Daragahi reports.
Posted In: Canada

United Airlines bankruptcy

Apr 25, 2005
Tomorrow, United Airlines is expected to enter another filing in bankruptcy court. The fine print's going be interesting. From what we're hearing, United will try to walk away from its 4 defined benefit pension plans. The government's Pension Benefit Guaranty Corporation would step in. The PBGC would take over $6.5 billion worth of pension liabilities. In return, Uncle Sam would get a $1.5 billion dollar equity interest in the airline.

The Sloan Sessions: NFL TV

Apr 25, 2005
The NFL has struck two new TV deals that will move Monday games to ESPN and Sunday night football to NBC. Host Kai Ryssdal talks with Newsweek's Wall Street editor Allan Sloan about how the NFL is making out like a bandit.

Better the devil you know?

Apr 25, 2005
Airports now have the chance to choose between federal and private passenger screening services. But as Nancy Marshall-Genzer reports, it doesn't look like many airports will be opting to go private.

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