Marketplace AM for May 31, 2007

Episode Description 

Hedge funds 101

Now that anyone with a couple thousand bucks can get in on the hedge fund game, Chris Farrell explains some of the finer points — like how it's heavily stacked in favor of the hedge fund managers with little regard for investor risk.
Posted In: Investing

FCC calls for cell phone locator service

One of the top reasons we carry cell phones is to have a lifeline to help in case of emergency. But there are still big holes in the safety net — like 9-1-1 not being able to locate your call — and the FCC wants to fill them. Steve Henn reports.
Posted In: Crime, Washington

Whose shipwreck is it?

An American exploration company has found sunken treasure worth half a billion dollars from a Colonial-era shipwreck — only it's not saying where. Spain thinks it might belong to them and has filed a lawsuit to find out. Stephen Beard has details.
Posted In: Canada

Northwest emerges from cloud of bankruptcy

Northwest Airlines is taking off with a lighter load today as it exits Chapter 11 protection. It shed $2.4 billion in annual costs during bankruptcy, but there could still be turbulent skies ahead. Annie Baxter explains.
Posted In: Travel, Wall Street

Wachovia goes for brokerage

The country's fourth largest bank, Wachovia, has paid nearly $7 billion to merge with brokerage firm AG Edwards, creating one of the top retail brokerages. And these days it's all about access to customers, Alisa Roth reports.
Posted In: Wall Street

Mexico cheers higher taxes

That's right, investors in Mexico drove that market to a record high yesterday on news that a soon-to-be-announced tax overhaul may require Mexican businesses to pay more taxes. Seems that's better than no reform at all, Dan Grech reports.
Posted In: Canada, Mexico, Taxes

Airbus gets a little amour

Struggling plane maker Airbus got a boost of reassurance today as new French President Nicolas Sarkozy indicated that he will continue to support the state-sponsored company. Ashley Milne-Tyte reports.
Posted In: Canada, Travel

China trying to polish its image

Amid scandal over tainted toothpaste coming out of the country, China held a press conference today to answer questions and stress that it's not as big of a deal as some countries are making it out to be, says Daniel Schearf.
Posted In: Canada, Health

Looking for some regulation

Duke Energy chief James Rogers tells us why he's pushing to have government control of his industry's greenhouse gas emissions in the latest Conversation from the Corner Office.

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