Marketplace AM for March 6, 2006
Posted In: Economy
China's Parliament kicked off its annual session yesterday. The hot topic: The rural poor. More than half of all Chinese people still live in the countryside, and they've been largely left behind by China's economic boom. Some have taken to the streets recently, and it appears the higher-ups have heard them. Premier Wen Jiabao outlined the plan to pump billions into rural areas to improve the living standards of its impoverished farmers. From Beijing, Ruth Kirchner reports.
AT&T says it's buying BellSouth for $67 billion in stock. The deal creates the biggest telecom company in the country, offering local and long distance service, wireless, and cable and Internet access. AT&T says the deal will save the company $2 billion a year, due in part to thousands of job cuts. Now the question is, will the new company pass along any of that money to folks like you and me? Analyst Jeff Kagan thinks so.
Economist Eric Talley previews the next stage of the Enron trial with host Cheryl Glaser.
It's been largely a bore so far, but the Enron trial is likely to get a lot more interesting this week, with expected testimony from ex-CFO Andrew Fastow on alleged accounting shenanigans at the collapsed energy giant. Alisa Roth reports.
Posted In: Health
Opening arguments are scheduled today in the case of two men who each took Vioxx for more than two years and claim they suffered a heart attack as a result. Helen Palmer reports that the outcome of this trial could well determine the viability of other liability cases against the drug's maker, Merck.
A takeover unveiled in Europe today will create the world's biggest supplier of industrial gases, such as hydrogen and oxygen. The Linde Group of Germany, is buying its British Rival BOC for more than $14 billion. From London, Stephen Beard reports.