Marketplace PM for February 23, 2006
After regulators accused mortgage finance giant Fannie Mae of manipulating earnings to meet Wall Street expectations, the company commissioned a review of itself. The report says Fannie Mae has cleaned house, and that no one responsible for the fraud remains with the company. Amy Scott has more.
US family incomes fell in 2004 while median household incomes edged up, according to a new Federal Reserve study. The Fed noted that American families have been strongly influenced by a decline in the overall median amount of wages. Curt Nickisch looks into the numbers.
The Chinese computer manufacturer Lenovo begins selling Lenovo-branded computers outside of China today. Lenovo is the world's third-largest computer maker after Dell and Hewlett-Packard. Will the Lenovo brand fly with American consumers? Bob Moon has the story.
The White House has been trying to put to rest the controversy over a company from Dubai taking over operation of some US ports. With all the oil money, you might think the Middle East would be a big source for US foreign investment. Not so. Kai talks with Bruce Stokes, a columnist for the National Journal in Washington.
The International Labor Organization has adopted a new bill of rights for all maritime workers. But how enforceable is it? Hillary Wicai reports.
Andrea Gardner reports on Famima, a Japanese company that's out to give the mini-mart a makeover.
Analysts in London have spotted a curious development: A plan to launch a new oil exchange in Teheran. They say the Iranians are trying to develop a financial weapon. From London, Stephen Beard reports.
A federal judge is set to decide tomorrow whether a patent lawsuit against the company that makes Blackberries should go forward. Worst case, if you're a user, is that the judge could shut down sales and service of Blackberries in the US. For commentator JD Samant, that might not be such a bad thing.