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Marketplace Morning Report for Friday, October 17, 2008

Episode Description 
Marketplace Morning Report for Friday, October 17, 2008

Oil prices after an OPEC production cut

What effect would an OPEC production cut have on oil prices in this shakey world economy? Bill Radke talks to Carola Hoyos, who covers the oil market for The Financial Times.
Posted In: Oil

GM steps up pace of Chrysler deal

With General Motors stock trading around $6, the company would like to close a merger deal with Chrysler as soon as possible. Ashley Milne-Tyte reports where GM's turnaround plan went wrong.
Posted In: Auto, Mergers and Acquisitions

Leaders meet on bank regulations

European leaders and President Bush will discuss global bank regulations this weekend. But John Dimsdale reports Europe may have some convincing to do if they want to get free market countries in.

Acquired banks are allowed bad reports

If banks under merger deals come out with poor earnings reports, could the deals fall apart? Rachel Dornhelm reports an acquiring bank might not see a large write-down at a troubled partner as an entirely bad thing.
Posted In: Mergers and Acquisitions

A different foreclosure system in PA

Pennsylvania is experimenting with a mandatory mediation system for foreclosures that requires borrower and lender to try to work things out before a judge. But Jeff Tyler reports many don't know the program exists.
Posted In: Housing

The changing face of Wall Street

When people visit New York's Wall Street today, they may be surprised to find more of the financial firms have moved uptown. But Sally Herships reports the residents may have changed, but the image is still intact.
Posted In: Wall Street

OPEC meeting over serious oil concerns

Oil prices dropped below $70 a barrel yesterday, something that hasn't been seen in over a year. Now, OPEC will meet next week to consider a production cut. Renita Jablonski talks to Stephen Beard in London.

Financial virtues of the frugal French

Banks are facing tough times all over Europe, but in France, no bank has gone under and none has required a government bailout. John Laurenson reports how the French have managed to keep themselves above peril.

Music from this show

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Beverly Hills
Weezer
Ain't No Easy Way
Black Rebel Motorcycle Club
Love to Love You Less
Nikka Costa
Carmensita
Devendra Banhart