Marketplace PM for June 21, 2007

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Supreme Court sides with business again

An 8-1 Supreme Court ruling will make it more difficult for investors to bring class action lawsuits that allege they've been ripped off by companies committing securities fraud. Steve Henn reports.
Posted In: Crime, Investing, Wall Street
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Some New Orleans levees still in danger

Almost two years and more than $1 billion has been spent in New Orleans since Hurricane Katrina to fix the city's levees. But the Army Corps of Engineers says some neighborhoods are still vulnerable to floods.
Posted In: Washington
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What's out of sight is on their minds

Is the rapidly increasing use of microscopic nanomaterials safe? A green group is joining with a chemical company to lay down some guidelines. Janet Babin reports.
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EPA's new smog rules are a little hazy

The EPA announced new recommendations today on tightening limits on ground-level ozone. But, as Sarah Gardner reports, the agency's decision was about as clear as a summer day here in Los Angeles.
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A hedge fund for the children

Hedge funds have drawn fire recently for their methods in buying companies and selling off the pieces. But one London-based fund has largely escaped criticism, depite its fearsome reputation. Stephen Beard reports.
Posted In: Investing, Wall Street
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Sue the banks

President Bush has stated that the job of recovering shareholders' money from banks involved in the Enron scandal should be left to SEC attorneys. But commentator Jamie Court contends the best path to justice is through the private sector.
Posted In: Investing, Wall Street
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Title IX has pumped up women's sports

The law that requires colleges receiving federal money to provide equal opportunities for men and women went into effect 35 years ago this weekend. Business-of-sports commentator Diana Nyad takes a look at its impact.
Posted In: Sports
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Stax looking to find a new groove

The Stax record label got its start 50 years ago and featured such legends as Otis Redding, Isaac Hayes and Booker T and the MGs. Now, after a bankruptcy and two buyouts, it's about to get another spin. Trey Kay reports.
Posted In: Entertainment

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