02/27/08
Marketplace Morning Report for Wednesday, February 27, 2008
Episode Description:
Marketplace Morning Report for Wednesday, February 27, 2008
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Bernanke talks of Fed's 'conundrum'
Federal Reserve Chairman Ben Bernanke meets with Congress today to give an economic report, and many are watching for signs of additional rate cuts. Jeremy Hobson reports how the chairman may describe the Fed's current situation.
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France sniffing out product price-fixing
In Europe, nine makers of consumer products are suspected of colluding to keep prices high. The companies could face billions of euros in fines if France's Competition Council finds them guilty. Rene Gutel reports.
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U.S., India nuclear deal still pending
U.S. Secretary of Defense Robert Gates wraps up a two-day visit to India, with a focus on a nuclear and fighter jet deal. Doug Krizner asks Mehul Srivastava of MINT what's at stake for American companies.
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Europe makes Microsoft pay
European commissions have delt Microsoft a $1.3 billion fine for failing to obey an antitrust order. The penalty, which is the largest ever in Europe, comes on top of a series of similar, earlier fines. Stephen Beard report.
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Hard times for Latino construction
Construction went from being a leading contributor to employment growth to a leading source of unemployment. Dan Grech reports from a community near Miami that the Latino population has suffers a particular loss.
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Exxon still in mess over oil spill
The Exxon Valdez oil spill case makes its way to the Supreme Court today after 19 years and several appeals. The company is fighting off its remaining payment of punitive damages, leaving many high and dry. Jeff Tyler reports.
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Foreign investments are just bailouts
As the U.S. banking system continues to get into more trouble, the government has responded by buying up stake in the failing companies. But Robert Reich reports the governments doing the owning are overseas.
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