Marketplace PM for October 27, 2005
On Wall Street, it's known as the Chinese Google. China's largest search engine, Baidu, issued its quarterly earnings today. Profits were down from last quarter, and the stock took a dive. Tess Vigeland reports.
...that blows nobody good. Lots of companies have been announcing big third-quarter profits. Writer/commentator Lewis Lapham reflects on how American corporations profit from bad times.
A U.N.-backed report charges that about 2,200 companies in the U.N. oil-for-food program paid kickbacks and surcharges to Saddam Hussein's government. Alisa Roth tells us who's on the list.
Both Shell and Exxon announced huge third-quarter profits. But they're not crowing about it. Cheryl Glaser examines a delicate corporate balancing act.