Marketplace PM for April 3, 2006
Three teenagers arrested on child porn charges for posting pictures of themselves on MySpace.com are among the site's 55 million members. Rupert Murdoch's NewsCorp bought MySpace last year for more than $500,000. Helen Palmer reports that he got his money's worth. And then some.
General Motors has announced an agreement to sell a 51% stake in its finance arm, GMAC, to a group of private investors. Cheryl Glaser looks at what this means for the struggling automaker.
Some California lawmakers introduced a bill today to limit greenhouse gases. They want to cut pollution that contributes to global warming 25% by 2020. But business groups say the legislators are barking up the wrong tree. John Dimsdale reports.
The cowboy romance "Brokeback Mountain" will break another Hollywood taboo tomorrow when movie studios make it available for download to your computer — the same day it's available on DVD. But the service may be slow to catch on. Amy Scott reports.
Toyota, Mazda and Honda have all taken note of the trend toward young drivers customizing Japanese imports. So, they're creating their own versions. L.A. Times auto critic Dan Neil stopped by with the latest example a couple of days ago.
Congress has cut the federal student loan program by $2.5 billion a year. And interest rates on those loans are going up. The government's trying to save money. But writer and commentator Kim Clark says the financial pain isn't being shared.