Marketplace PM for May 24, 2006

Episode Description 

Housing bubble still intact — for now

New home sales rose 4.9% last month. But the housing market is showing signs of strain. The price of homes sold last month dropped at the same time the number of unsold homes rose to a record high. Tess Vigeland reports.
Posted In: Economy

MasterCard IPO

MasterCard is going public Thursday, and it's expected to be one of the biggest IPOs in years. About $2.8 billion. Alisa Roth reports on the company's transition — and where all that money's going.
Posted In: Wall Street

GM to subsidize gas guzzlers

General Motors will subsidize gas purchases in Florida and California to boost SUV sales in those states. It will cap gas prices at $1.99 per gallon for new buyers of some 2006 and 2007 vehicles. Bob Moon reports.

Negroponte given power to waive SEC rules

President Bush has granted his intelligence czar the authority to exempt publicly traded companies from reporting requirements — in the name of national security. Kai Ryssdal talks with BusinessWeek reporter Dawn Kopecki.
Posted In: Washington

Students flock to derivatives oracle

The high-finance world of derivatives is all the rage these days at one French school. One teacher's students have been so successful that getting into her class is almost as hard as its subject matter. Eleanor Beardsley reports from Paris.
Posted In: Canada

Congress needs to flush obsolete programs

The House is looking at government waste, setting up a bipartisan commission to get rid of federal programs that aren't worth the money. Commentator Steve Moore looks at some outdated government programs that need to go.

You can be Art Brut 102

British band Art Brut has adopted the corporate franchise model, only with a twist. It's giving away its name and music for free. Jane Lindholm reports.