Marketplace AM for March 15, 2007

Episode Description 

Digging for subprime gold

As the subprime mortgage sector approaches a full-scale meltdown, investment bank Goldman Sachs is talking about getting deeper into subprime lending. Is it a fire sale or a fool's market?
Posted In: Housing, Wall Street

Barclays wants its money back

The subprime mortgage crisis has rippled across the pond and now British banking giant Barclays is demanding the immediate repayment of $900 million from U.S. subprime lender New Century.
Posted In: Canada, Housing, Wall Street

March Madness profits on demand

The NCAA Tournament jumps into full swing today and big-time revenues are a slam dunk for partners like CBS — not to mention peripheral players like beer sellers.
Posted In: Sports

Bank of Wal-Mart?

Wal-Mart has a pending application to establish an industrial loan company, but the retail giant insists it's not interested in opening retail bank branches. Now there may be evidence that suggests otherwise. . .
Posted In: Washington

Putting drug profits to bed?

The FDA has ordered drugmakers to issue strong new warnings about sleeping pills, citing risks of odd behaviors like sleep-eating and sleep-driving. That could cause complications for Big Pharma's bottom line.
Posted In: Health

Microsoft bridges the voice gap

Microsoft has agreed to purchase voice recognition leader Tellme for something in the $800 million neighborhood. A pricey purchase, but one that gives it an instant edge in voice command search technology.
Posted In: Science

Green wheels turn record sales

Alternative fuel cars and trucks accounted for 9 percent of U.S. auto sales last year. That's way more than automakers expected — and you might be surprised which state led the pack.

EU satellite plan loses its way

Europe had wanted to launch its own satellite navigation system — one that would rival America's GPS — by 2010, but that timeline is drifting further out of orbit by the day.
Posted In: Canada, Science

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