05/02/08
Marketplace for Friday, May 2, 2008
Episode Description:
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Drug companies seek new prescriptions
Pharmaceutical companies face expiring patents on many blockbuster drugs, with few new medicines in the pipeline to replace them. So the industry's trying creative ways to make money. Some say too creative. Nancy Marshall Genzer reports.
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Bolivia leader plans company takeovers
Facing a provincial vote this weekend, Bolivian President Evo Morales has announced he plans to nationalize the nation's biggest telecommunications company and four foreign-owned natural gas companies. Dan Grech reports.
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China's tighter visa rules slow business
With about three months to go before the China Olympics, Beijing is being picky about who it's letting in. Chinese visas are getting harder to come by, and foreign businessmen are crying foul. Scott Tong reports.
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Tyson told to stop winging it in ads
A federal appeals court has told Tyson Foods, the country's biggest chicken producer, to stop an advertising campaign that claims its birds are free of antibiotics -- because they're not. Lisa Napoli reports.
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Linens retailer ironing out balance sheet
Linens 'n Things is filing for Chapter 11 bankruptcy. The troubled home store blames the fall-out of the housing market for its decline. But analysts say the company was too highly leveraged. Jill Barshay reports.
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Fed, ECB ask 'Any banks want money?'
The Federal Reserve has joined with the European Central Bank to pump billions more dollars into the banking system, trying to persuade financial institutions there's money to be had. Bob Moon explains.
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Week on Wall Street
Stockbroker and business analyst David Johnson chats with host Kai Ryssdal about what happened on Wall Street this week and what may lie ahead.
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