May 22, 2009

Marketplace Morning Report for Friday, May 22, 2009

Segments From this episode

BankUnited failure will cost billions

by Dan Grech

May 22, 2009

Flordia's BankUnited had $13 billion in assets, but its demise will end up costing taxpayers nearly $5 billion. The bank has been sold to investors and re-opens today under the same name. Dan Grech reports.

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Drivers aren't deterred by rising gas

by Jeremy Hobson

May 22, 2009

Gas prices may be rising steadily, but vacationers are still driven to travel this Memorial Day weekend. Jeremy Hobson reports oil prices won't get much worse, and cost per gallon may actually go down this summer.

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The Big Shift

A fair plan to make college affordable

by Marketplace Staff

May 22, 2009

The average college graduate today leaves school $22,000 in debt, and has job choices limited to what pays the most. Commentator Robert Reich offers a new strategy to cover the cost of education without worrying about money.

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A silver lining for British Airways

by Stephen Beard

May 22, 2009

British Airways announced the worst loss in its history at $600 million, and the airline doesn't see things improving any time soon. But this could help the carrier win approval for an alliance with American Airlines. Stephen Beard reports.

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More profitable to gamble than to steel

by Marketplace Staff

May 22, 2009

When Bethlehem Steel went bankrupt eight years ago, it left a legacy of empty workshops and rusting equipment. But where developers feared to tread in this Pennsylvania town, the Sands casino saw opportunity. Joel Rose reports.

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U.S. credit rating could be headed down

by Janet Babin

May 22, 2009

The dollar's getting hammered today amid fears the U.S. could be headed for a lower credit rating. Yesterday, Standard & Poor's lowered its outlook for the United Kingdom. Is a U.S. ratings downgrade on the way? Janet Babin reports.

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Smart phone war fought on smarts

by Stacey Vanek Smith

May 22, 2009

Cell phone companies are unveiling new smart phones this summer -- and this time around, the battle will be won based on how smart they really are. Stacey Vanek-Smith takes notes from the trenches.

David McNew/Getty Images

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A thaw in the lending freeze?

by Steve Chiotakis

May 22, 2009

Steve Chiotakis talks about BankUnited and a potential thaw in the lending freeze with Sam Stovall, Chief Investment Strategist at S&P Equity Research in New York.