Marketplace AM for October 9, 2007

Episode Description 

Alcoa report could indicate more

Aluminum maker Alcoa gives its third-quarter profit report today. Alisa Roth reports the company's earnings could tell us how far the subprime crisis has reached and the general health of the economy.
Posted In: Wall Street

Big chunk of arts budget up in smoke

Marlboro cigarette producer Altria is moving its headquarters to Virginia and plans to cut off the $7 million a year it gives to New York arts groups. Jill Barshay reports the funds won't easily be replaced.

Collecting art and investing in a dynasty

Sotheby's spent months tracking down the Qing Dynasty artifacts sold in a four-day Hong Kong auction. Once found, the relics struck up fierce competition amongst Chinese investors. Kate Woodsome has more.
Posted In: Investing

Wealthy might not always mean savvy

The SEC wants to raise the net worth requirement of hedge funds from $1 million to $2.5 million to keep out smaller investors. But some critics wonder what wealth has to do with it. Steve Tripoli has more.
Posted In: Investing

Europe to China: Beef up the Yuan

Eurozone finance ministers are trying to get China to boost the value of the yuan so it will appreciate against the euro and even out the country's trade imbalance with Europe. Kyle James reports.
Posted In: Economy

Supporting roles in fraud just as liable?

The Supreme Court will decide today whether those who help a company rip off shareholders can be sued by investors. John Dimsdale reports this may be a proxy battle for bigger lawsuits to come.
Posted In: Crime

Why Italian men won't leave the nest

In Italy, over one-third of men over 30 live at home with their parents. Scott Jagow talks to Rome correspondent Megan Williams about the influence of the country's economic situation and family culture.
Posted In: Jobs

Sorry, Wii all out

Nintendo says it's worried there won't be enough Wii game consoles around this holiday season. Analysts say the company may be bluffing to boost demand, but Jeremy Hobson reports scarcity might help their competition.
Posted In: Entertainment, Retail

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