Marketplace PM for October 11, 2005
Billionaire investor Carl Icahn is not afraid to vent his spleen. Back in May, he took aim at Blockbuster — and wound up on the board of directors. Today he put Time Warner in his sights. Dan Grech reports.
Treasury secretary John Snow arrived in Shanghai today, where he's expected to urge Beijing to let the yuan rise against the dollar. But Marketplace's Stephen Beard reports that currency traders aren't betting on it.
It hasn't even been voted on yet, but Iraqi officials are already discussing how to change their new constitution. Borzou Daragahi has been covering the story for the Los Angeles Times; he talks to Kai Ryssdal. He says the document is amazingly specific and deliberatly vague about alot of key economic questions. Oil being number one among them.
Businesses across the city need to hire people so they can reopen. People need the businesses there so they can move back. So which comes first? We sent Sam Eaton there to fine out.
It's not just consumers who wind up paying higher prices for oil and gas; manufacturers and distributors do too. John Laurenson reports on distributors that have found the best way between two points.
You'd think, times and pump prices being what they are, that all the oil and gas that's produced in this country would stay in this country. But Jamie Court says part of our supply is on its way overseas.
Today, for a mere $761 million, Microsoft dispensed with the last of the big American anti-trust lawsuits against it. This one by the media company Real Networks. Rachel Dornhelm has the story.