Marketplace PM for March 13, 2006
The McClatchy Company is buying the country's second-largest newspaper publishing company, Knight-Ridder Inc., for $4.5 billion. McClatchy plans to sell 12 of Knight-Ridder's 32 newspapers. Bob Moon looks at why McClatchy would sell these papers, who might buy them and why.
The United Arab Emirates is considering shifting 10% of the country's foreign exchange holdings from US dollars into euros, twice as much as previously planned. Alisa Roth reports on whether investors should be concerned.
The Sex Pistols are scheduled to be inducted into the Rock and Roll Hall of Fame tonight. But the band members refuse to come to the ceremony because, they say, the price of admission is too high. Curt Nickisch reports.
The New York Mercantile Exchange, or NYMEX, will soon be publicly traded. Amy Scott reports on how NYMEX's ways of doing business could be changing.
The House of Representatives just passed a bill bypassing state requirements on food-safety labels. A Senate committee is due to vote on a plan to bypass state-insurance-benefit requirements. Consumer advocate Jamie Court comments on what's at stake.