02/09/06
Marketplace AM for February 9, 2006
Episode Description:
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A long, strange trip...
Republican Congressional leaders begin a retreat today on the shores of Chesapeake Bay to discuss possible lobbying reform, among other issues. As Eric Niiler reports, one issue on the agenda is whether lawmakers should take trips funded by lobbyists.
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Bon Vonage
The Internet telephone service is set to embark on a new venture, looking to raise $250 million in an initial public offering. As Janet Babin reports, the company's hoping to corner the Internet-based phone market.
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Se vende Univision
The Spanish-language TV network is for sale, and as Jeff Tyler reports, it's not just the small-screen cachet Univision has with Latinos that makes it attractive to buyers.
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Parsing Bush's energy plan
Lawmakers get their first chance today to query Department of Energy officials about President Bush's plan to wean America from Middle Eastern oil and develop alternative energy sources. Sam Eaton reports.
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Tesco takes on Wal-Mart
Wal-Mart is the world's biggest retailer, but most of its sales still come from the US. In recent years, Wal-Mart has tried to expand globally. But today, Britain's biggest retailer says it wants to give Wal-Mart a run for its money. Tesco will expand into Wal-Mart's turf next year. The company already sells 30% of the food sold in the UK. And starting next year, it will set up a network of US convenience stores, like 7-11. From London, Stephen Beard reports.
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Doing business with China's censors
Next week, the House committee on International Relations will hold hearings on the ethical responsibilities of companies doing business in China. Today, there's yet another case for the committee to consider. For the second time, Yahoo stands accused of aiding the Chinese authorities in their crackdown on critics. From Beijing, Ruth Kirchner has the story.
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Your phone records for sale
If the NSA wants to view your phone records, that's one thing. But not private companies. The Federal Trade Commission cracked down this week on more than 40 online sites that sell phone records. Now Congress is expected to weigh in. Janet Babin reports from the Innovations Desk at North Carolina Public Radio.
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Mind the infrastructure
There's been a boom in infrastructure construction in developing countries like China and India of late. Personal finance expert Chris Farrell tells Scott Jagow that the US needs to look after its own infrastructure if it wants to stay competitive.
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You say Turin, I say Torino...
... Let's call the whole thing off? Business of sports expert David Carter tells Lisa Napoli why we haven't been hearing much about the upcoming Winter Olympics.
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Last gasp for open outcry trading?
After years of shunning electronic trading in favor of boisterous trading pits, the New York Mercantile Exchange has decided to fire up the computers like other futures markets. Is this the end of an era? Amy Scott reports.
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The return of the long bond
After a five-year hiatus, the 30-year Treasury note make a comeback today. But is there a market for it? Bob Moon reports.
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