Marketplace AM for February 9, 2007

Episode Description 

Alcatel-Lucent cutting 12,500 jobs

Growing pains at the world's largest maker of telecommunications equipment: Alcatel-Lucent announced today that it will lay off even more workers than anticipated. And don't look for a quick turnaround.
Posted In: Jobs

Three cheers for the bus owner

U.K. investors applauded news that a British company will buy Laidlaw, America's biggest private operator of school buses. But it already owns the No. 2 carrier so there could be regulatory roadblocks ahead.
Posted In: Canada

Getting into the ring over cockfighting

Amazon carries two cockfighting magazines on its site, so the Humane Society is suing the online retail giant. Amazon refuses to take them down as a matter of free speech.
Posted In: Crime, Retail

New hope in Palestine

Rival Palestinian factions have signed a deal to form a national unity government after marathon talks aimed at ending deadly infighting — and the international boycott that's crippled its economy.
Posted In: Canada

Hedge fund regulation on the table

The G7 finance summit starts today and one item on the agenda is whether hedge funds should be regulated — or if that would just risk sending the global economy into a tailspin.
Posted In: Canada

The voting tax is history

This week in 1964, the 24th Amendment was ratified to outlaw poll taxation. Good thing, especially considering its origins. . .

Cracking Britain's chewing gum market

Wrigley has a stranglehold on the U.K's chewing gum market, but Cadbury Schweppes has spent the past year formulating a plan — and gum — to win over British consumers.
Posted In: Retail

Long wait for video download profits

Amazon, TiVo and Wal-Mart are among the companies jockeying for the lead in the movie download business, but Daily Variety's Mike Speier says it's going to be a long time before they're making money at it.
Posted In: Entertainment, Science

Scam alert: Struggling homeowners beware

Con artists have found a new way to prey on nervous homeowners in danger of losing their properties. It's called a foreclosure release scam, and there are some sure danger signs to look for.
Posted In: Crime, Housing