Marketplace AM for February 1, 2006
Oil prices slipped to $67 a barrel today, as overseas markets reacted skeptically to the ambitious energy plans in the State of the Union speech. In his address, President Bush pledged to cut our dependence on Middle Eastern oil 75% by the year 2025. From London, Stephen Beard reports that few believe that's going to happen.
As United Airlines emerges from bankruptcy protection today, Tess Vigeland looks ahead to what the airline industry should look like once other bankrupt carriers follow suit.
Reports that Google was looking to buy digital music provider Napster sent shudders through the music industry yesterday. Google later denied the reports, but many want the search engine to join the music distribution fray and change the rules. Janet Babin has more from the Innovations Desk at North Carolina Public Radio.
Posted In: Wall Street
Think eBay is just an online auction site? Think again. It also happens to be a money-market manager with assets of $500 million, thanks its PayPal electronic payment service. As Stacey Vanek-Smith reports, the eBay money market fund pays one of the highest yields in the industry.
In his State of the Union speech, President Bush said the country should reduce its reliance on foreign oil. He laid out a specific goal to wean the country of crude, and said it could be accomplished in the most American of ways: Going high tech. Ethan Lindsey reports on the plan.
A novel conference gets underway in Wisconsin this week. State agriculture officials are gathering farmers together to teach them how to turn manure into money. Brian Bull has more.