Marketplace for Friday, Aug. 8, 2008
Posted In: Investing, Mergers and Acquisitions, Wall Street
Private-equity firms invested just $50 billion in the U.S. in the first half of this year, compared to $300 billion last year. Private equity is a notoriously private business. But Amy Scott got a rare look at how one firm is adapting.
Tens of thousands of new consumer products hit American store shelves every year. About 90% fail. A Michigan consulting company collects many of those products, and companies pay big bucks to get inside and have a peek. Dustin Dwyer reports.
Posted In: Airlines, Travel
If you've redeemed frequent flier miles lately, you may have found airlines are adding fees to them. The idea behind frequent-flier programs was to build customer loyalty. How long can the fees continue before the loyalty disappears? Alisa Roth reports.
UBS says it will buy back $19 billion-worth of auction-rate securities from its customers. With billions of losses already on its books, can UBS afford it? Bob Moon reports that maybe they can't afford not to.