Marketplace AM for May 31, 2006

Episode Description 

11th hour for Alcoa

Unionized workers at Alcoa have threatened to strike when their contract expires at midnight tonight, but a walkout may actually help the company's bottom line. Alisa Roth reports.

GM's executive shuffle

The automaker announces it's bringing in the president of its successful Asian division to oversee its struggling North American operation. Tess Vigeland reports.

Bayou enters Chapter Eleven

Bayou Management made headlines last fall when its founder and CFO came out of hiding and admitted he defrauded investors. Sarah Gardner reports on what the bankruptcy of the hedge fund means to the industry.
Posted In: Investing

Gas industry ready for hurricane season

A report out yesterday says US gasoline imports should be able to make up for any supply disruptions that could arise from Gulf Coast hurricanes this year. Hillary Wicai reports.

European markets cheer Paulson?

After yesterday's losses, European shares regained their poise this morning, and it may have something to do with Henry Paulson's nomination to become US Treasury Secretary. From London, Stephen Beard reports.
Posted In: Canada

China ups its tobacco monopoly

Today is World No Tobacco Day but while smoking's on the decline in the US, China is still puffing away madly.That doesn't mean foreign tobacco companies are making a fortune there though. Jocelyn Ford reports.
Posted In: Canada

Safavian trial

Two federal ethics officers are expected to testify today at the trial of former Bush administration executive David Safavian, who is charged with lying about his dealings with lobbyist Jack Abramoff. Hillary Wicai reports.
Posted In: Washington

Peruvian elections

Peru is one of South America's economic success stories, so why are voters looking for change? Dan Grech reports on the economic stakes of the upcoming Peruvian elections.
Posted In: Canada

Don't throw away that boarding pass

Commentator Rudy Maxa warns there's a very good reason not to discard your airplane boarding pass: You won't believe all the information an identity thief could get from that one little piece of paper.

Hillary puts war chest to work

Hillary Clinton kicks off her next Senate campaign today in New York. But the money she's raising could be positioning her for that other race in 2008. Scott Tong reports.