Marketplace PM for May 22, 2006

Episode Description 

FTC: No gas market manipulation

The Federal Trade Commission says it found some cases of gas price gouging after Hurricane Katrina, but no broad market manipulation by oil companies. It blamed "regional or local market trends" for high prices.
Posted In: Washington

NYSE makes Euronext offer

The New York Stock Exchange has offered to buy European exchange operator Euronext for $10 billion. It's seeking to beat rival Nasdaq in the race to become the first transatlantic stock market. Bob Moon reports.
Posted In: Canada, Wall Street

Wal-Mart fails in South Korea

Wal-Mart has announced it's selling its South Korean retail business for $882 million. Tess Vigeland looks at why the big box store is pulling out of the country.
Posted In: Canada

No 'path to citizenship' for professionals

Congress is working on immigrantion reform, but commentator and Russian-born attorney Ilya Shapiro says even if current versions of the legislation pass, they won't help him become an American citizen.

An end to commissions on Wall Street?

A major Wall Street brokerage house is expected to announce a settlement this week in a class-action suit that claims stockbrokers should get paid overtime. It's a fight that could transform the whole profession. Amy Scott reports.
Posted In: Wall Street

Cold, hard cash tied to congressman

FBI officials say they've caught Louisiana Rep. William Jefferson on tape accepting a $100,000 bribe. Agents later found the cash hidden in his freezer. Scott Tong reports.
Posted In: Washington

1. Pick a mayor; 2. Rebuild the city

Marketplace's Sam Eaton tells host Kai Ryssdal that with their mayoral election behind them, New Orleans' residents are now keying on Mayor Ray Nagin to lead the city's recovery.

German companies thrive in China

China's largest trading partner in the European Union is Germany, with bilateral trade reaching $63.2 billion last year. Ruth Kirchner reports on the cozy business relationship between the two countries.
Posted In: Canada