Marketplace PM for December 20, 2004
Baikal Finance Group appeared out of nowhere over the weekend to become the winning bidder in the closely-watched auction for Yukos, Russia's biggest oil producer. The sale price was about $9.5 billion. Analyst Alex Brideau says it's not quite accurate to say we don't really know who owns all that oil right now. Not quite, but close.
We're in the home stretch for charities collecting toys and money for the less fortunate. But big corporations are also reaching out. In this edition of the Low-Down, commentator Sandra Tsing Loh says her most recent encounter occurred at the drive-through window.
Retail giant Target made itself into a modern Scrooge earlier this month when it banned the Salvation Army and those red Christmas kettles from outside its stores. But yes, Virginia, there is a Santa Claus -- the company does have other gifts to give. Todd Melby reports on Target's holiday presents to Minnesota police.
We all know who won the 1980s home video war between Sony's Beta format and VHS. Well, it's deja vu all over again in the battle over super clear high definition DVDs. Once again, the future of the video technology we use at home will be greatly influenced by shadowy forces outside mainstream Hollywood -- namely, the porn industry. Claude Brodesser has the story.