10/29/07
Marketplace AM for October 29, 2007
Episode Description:
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Big payday for exiting Merrill Lynch CEO
Merrill Lynch CEO Stan O'Neal faces a probable resignation this morning after the company's biggest quarterly profit lose in its 93-year history. But Steve Henn reports he's not going to walk away empty-handed.
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Another cabbies' strike in Rome?
Cab drivers in Rome are facing off against city hall in a push for a 25 percent price hike. Megan Williams reports how the city's response could threaten another cabbies' strike.
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U.S.-Mexico illegal immigration down
Homeland Security is projecting much smaller numbers of illegal Mexican immigrants than last year. Alisa Roth reports the decrease might not just be due to a harder-working border patrol.
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Connecting Africans to Web potential
There are nearly a billion people on the continent of Africa, and only 4 percent of the population has Internet access. But some companies connect web access with new market potential and job creation. Gretchen Wilson reports.
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Dubai's exchange growing globally
Emirates, one of the fastest-growing airlines in the world, is planning to list itself on Dubai's stock market. Stephen Beard reports that this gives a boost to Dubai's fledgling exchange, which is building itself as a global presence.
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'Smart For Two' is cool for geeks
Mercedes is taking its "Smart For Two" vehicle out for a test drive -- from Stanford University to Apple headquarters to the home base of Google. Jill Barshay reports why the automaker is targeting "cool geeks."
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Burned on big bank bailouts
Wall Street and the Treasury are teaming up on a superfund to buy back the bad investments from big banks to bail them out. Should they be doing that? Fortune Magazine's Allan Sloan talks to Scott Jagow.
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Banking at issue for Paulson in India
Today kicked off U.S. Treasury Secretary Henry Paulson's three-day trip to India, where he'll be meeting with U.S. and Indian CEO's and heads of finance. Sunita Thakur tells us what's on the table.
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Taco Bell benefits from shelling out
The World Series is over, and because someone stole a base, Taco Bell will give away free tacos tomorrow. Amy Scott reports the cost of the promotion will be dwarfed by the payoff.
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