Marketplace PM for April 22, 2005
Posted In: Wall Street
Today, an electronic stock trading company called Instinet made it official, announcing they'll merge with Nasdaq. There'd been lots of talk this might happen, but as market mergers go, few expected NASDAQ would be beaten to the punch by the New York Stock Exchange. On Wednesday the NYSE announced a new partnership with electronic trading firm Archipelago. The deal brings together the last of the major old-style auction markets with an all electronic market.<br />John Steele Gordon is an author and business historian. We asked him if these mergers will really fundamentally change Wall Street...
The National Football League kicks off its draft tomorrow in New York City. While rookies look ahead to the big leagues, many veteran players face the prospect of preparing for a life after football. This year they're getting some serious help, thanks to first-of-their kind seminars on business and finance. Marketplace's Cheryl Glaser reports.
Posted In: Canada
The U-S needs to take a tougher approach to China. That, from the President's pick for the top trade position. In confirmation hearings this week, Rob Portman said he'd do a top-to-bottom review of trade complaints with China. We have a pretty good sense of where he might begin. Since January, imports of Chinese t-shirts, underwear and other textiles have risen more than 60%. The American textile industry blames the end of longstanding quotas. And now the Bush Administration's warning China it may impose emergency safeguard restrictions. But as Marketplace's Jocelyn Ford reports, the threats may be a little threadbare.
Happy Earth Day! Thirty-five years the green movement created the holiday, environmentalists cite huge victories like passage of the Clean Air Act, the Clean Water Act, and the Endangered Species Act. And corporations aren't shy about how much they've done to help. But have they really? Commentator Mark Hertsgaard chimes in.