Marketplace PM for December 10, 2004
Posted In: Canada
OPEC members met in Cairo today - and agreed to cut oil production by a million barrels a day. A reduction that big is supposed to drive oil prices up. That's not what happened. The price of light crude fell two dollars, closing at $40.50 a barrel. We asked our Stephen Beard to help explain what's going on...
Posted In: Wall Street
Atlanta based Crawford and Company provides claims management services for insurance companies. Today the firm was hit with a subpoena from the office of New York Attorney General Elliott Spitzer - part of his investigation of the insurance industry. Mr. Spitzer has made a name for himself as a crusader for consumer and investor protection, even upstanging the feds. He'll be playing on that success as he makes a bid for Governor of New York in 2006. Marketplace's Amy Scott introduces us to the team behind the Spitzer machine - led by a guy with a really great name.
Posted In: Science
The stock market got a charge this week from National Semiconductor. Yesterday the chipmaker said its net income rose 22 percent in the last quarter. That's a lot of chips in a lot of cellphones, computers, and PDAs. Commentator and engineer Bill Hammack says you might be surprised at what fuels these icons of the new economy.