Marketplace AM for November 10, 2005
The highest bidder in the auction to acquire the assets of bankrupt hedge fund brokerage Refco is expected to be announced today. Amy Scott reports.
Having lost the battle to pass his government reform agenda, Gov. Schwarzenegger moves on to a new fight: his own re-election next year. Does he still have the pull to bankroll his campaign? Jeff Tyler reports.
The Chicago Mercantile Exchange launched a new form of futures trading Wednesday, allowing investors to wager on the price of future home sales. Stacey Vanek-Smith reports.
Investors are bullish on robots. Shares of iRobot Corp. rose sharply Wednesday after the company, which makes mobile floor sweepers and electronic military porters, went public. Lisa Napoli reports.
A delegation of film producers from India is talking about curbing piracy of US films and broadening access to Indian markets for US content. But as Miranda Kennedy reports, they're asking for something in return.
China says it won't revalue its currency. Ruth Kirchner reports.
Yesterday, Fitch Ratings lowered General Motors' credit rating deeper into junk status. That sent GM's stock to a 13-year low. Then GM had another bit of bad new for investors. From WLRN in Miami, Dan Grech reports.
Finance expert Chris Farrell tells Scott Jagow that a windfall profits tax for oil companies is a bad idea, and that oil companies actions indicate they think the spike in gas prices is short-term.
Author Ron Sturgeon talks to host Tess Vigeland about "Green Weenies and Due Diligence," his new book on business jargon.
One area of the federal budget that Congress is currently considering cutting is farm subsidies. Sam Eaton looks at one group of farmers who fear they might go out of business if the subsidies are axed.
Congressman Barney Frank will unveil legislation today requiring greater disclosure of executive compensation to shareholders, aimed at curbing so-called "runaway" salaries and bonuses for top execs. John Dimsdale reports.
The bankrupt air carrier is expected to post a third quarter loss today while it continues to squabble with its pilots over salary and benefit cuts it says are necessary to make the company solvent. Bob Moon reports.