Marketplace Morning Report for Wednesday, October 24, 2007

Episode Description 
Marketplace Morning Report for Wednesday, October 24, 2007

A bad quarter for Merrill Lynch

Merrill Lynch turned in its first quarterly loss in six years, and the write-downs are a few billion dollars larger than expected. Jeremy Hobson reports big bets on mortgage-related securities are partially to blame.
Posted In: Wall Street

Pasta producers noodling with prices?

The price of pasta has been at a record high, thanks to the soaring cost of wheat. But Megan Williams reports there may be some internal colluding amongst pasta producers at the root of the rise.

Working through a rough economy

While the U.S. economy struggles to maintain its composure after the mortgage crisis, some companies find they can use it to their benefit. Dan Grech looks at a fast-growing company on the other side of the debacle.
Posted In: Jobs

Closing the 'Enron loophole'

Congress wants to prevent inflated natural gas prices from investment manipulation, along the lines of what happened with hedge-fund Amaranth. But some say the government shouldn't have to look so closely over investors' shoulders. Amy Scott reports.

New standards for mortgage lenders

The House is considering a bill that would set new standards for lending practices in hopes of eradicating issues that caused mortgage crisis. Jeremy Hobson has more.

Don't block the Rocktober

The Colorado Rockies want to commemorate entry into the World Series by trademarking the month of "Rocktober" But the word is a valued marketing pun with several classic rock stations. Rico Gagliano has more.
Posted In: Entertainment, Sports

Today's market problems ring a bell

As Wall Street remembers the anniversary of Black Thursday, it's not difficult to see some similarities between today's market and the one from the Depression era. Alisa Roth looked into it.
Posted In: Wall Street

Don't support a conflict of interest

Congress is looking into why credit-rating agencies gave high ratings to securities backed by subprime mortgages. Commentator Robert Reich says the answer is clear.

Music from this show

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The Southern Harmony & Musical Companion
Electrical Storm Pt.2
The Richest Man in Babylon
Central Reservation [Vinyl]

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