Marketplace PM for July 13, 2007
Posted In: Economy, Retail
The Commerce Department said June retail sales posted their steepest drop in nearly two years compared to May. Yet, at the same time, consumers said they're more optimistic about the economy and their pocketbooks. Jill Barshay sorts it out.
Posted In: Wall Street
Last month when the Blackstone Group went public there were protests over how it engineered a deal allowing it to pay less than half the tax rate paid by most other public companies. Well, it's now reportedly done itself one better. Steve Henn explains.
Paris is launching one of the the biggest city bike networks the world has ever seen. For a small fee, Parisians will be able to borrow a bicycle at one of 750 stations around the city. John Laurenson went for a ride.