Marketplace PM for February 22, 2006
Posted In: Canada
President Bush was not informed about an Arab company's plan to purchase a British port operator. That news today has more lawmakers questioning the deal which would put operations of 8 US ports in the hands of Dubai Ports World. Kai speaks to foreign investment expert David Marchick about the government process such deals have to go through.
The state of Alaska reached a deal yesterday to build a long-sought natural gas pipeline. After a year of negotiations, Exxon Mobil, BP, and Conoco Phillips agreed to pay a 20% tax on their revenues in Alaska if the deal goes forward. Amy Scott reports.
The American arm of Venezuela's state-owned oil firm, Citgo, has been subpoenaed by the House of Representatives, which is investigating the company's program to provide heating oil to the poor. Dan Grech reports.
Posted In: Canada
Shifting ground for American companies operating in China is nothing new, but Google's accommodation of China's censorship attracted the attention of Congress last week. Commentator Robert Reich says it's time the ground shifted under some feet over here.
In a few weeks, some homeowners on Mississippi's Gulf Coast should be able to start applying for federal grant money to rebuild their houses. But advocates for the poor say Mississippi's program leaves out some of the state's most economically vulnerable residents. Stephen Smith of American RadioWorks reports.
By any definition, Iraq is a hostile business climate. Most Iraqi businessmen who could leave have done so. But there is one group defying the odds. As Ben Gilbert reports from Baghdad, the Iraqi-American Chamber of Commerce is not your typical group of local business leaders.
Eight workers in a Lincoln, Nebraska meat processing plant have won the biggest Powerball jackpot in US Lottery history. The workers say they're going to evenly split the $365 million prize. Nate DiMeo reports.