Marketplace for Friday, Nov. 2, 2007
The United States has promised to help Turkey stop Kurdish PKK guerrillas from operating in Northern Iraq. The PKK has killed dozens of Turkish military personnel across the border. Tess Vigeland talked with L.A. Times reporter Borzou Daragahi about attempts to defuse the situation.
Thousands of construction workers in Dubai went on strike this week. One of their complaints is that they're paid in U.S. dollars. The falling dollar is putting a lot of pressure on Gulf countries to de-link their currencies from the greenback. John Dimsdale reports.
Posted In: Wall Street
Bank stocks got hammered for a second straight day today. Most are at 12-month lows and some are sinking even deeper. It's all about the subprime mess. But while investors are spooked, some analysts say the sector is doing just fine. Jill Barshay reports.