07/29/08
Marketplace Morning Report for Tuesday, July 28, 2008
Episode Description:
Marketplace Morning Report for Tuesday, July 28, 2008
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Farmers take 'Garden State' literally
With the cost of equipment and land, it seems you have to be a millionaire to buy a farm. But in New Jersey, there seems to be an influx of new farmers. Matt Hackworth reports how they get around the high prices.
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Merrill Lynch acts on losses
Merrill Lynch plans to get rid of its toxic assets. by selling $30 billion worth at just 22 cents on the dollar and taking a $5.7 billion write-down in the third quarter. Janet Babin reports where we may be in the mortgage crisis.
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China growth slower this year
Growth has slowed in China, and there's been little action with Chinese IPO's. Lisa Chow reports some of the pressures China is dealing with and why investors may be pulling back more at this time.
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Short-selling rules may not have helped
Last week, government regulators put temporary restrictions on short selling, or borrowing stock and then selling it. The rules were meant to prevent companies from going into free-fall, but did they help? Bob Moon reports.
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Things to avoid when selling to China
Many companies look to China as a market filled with opportunity. But for U.S. companies that want to be successful, it's important to know who you're selling to. Scott Tong shares tips on how to modify the "American way."
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Computers cash in on solar power
Big computer companies like IBM and Intel have announced major investments and technological breakthroughs in solar panels in recent months. Sam Eaton reports money is the main driver behind the revolution.
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Alcatel-Lucent CEO leaves company
Alcatel-Lucent CEO Patricia Russo stepped down today on the heels of a dismal performance the past two years. She refused to learn French after company's U.S.-French merger, and Stephen Beard reports that could have been a bad sign.
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