Marketplace PM for September 21, 2006

Episode Description 

Wal-Mart rolling back drug prices

Retail giant Wal-Mart plans to begin selling almost 300 generic prescription drugs for only $4 for a month's supply — up to 70% savings on some. It will test the program in Florida. Helen Palmer reports.
Posted In: Health

Amaranth loses big

Connecticut-based hedge fund Amaranth Advisors this week reported losses of almost $6 billion over the past month after it placed a multi-billion dollar bet on natural gas and lost. Amy Scott reports.
Posted In: Economy

Pension plan hit hard by hedge fund collapse

San Diego County's government pension fund lost an estimated $45 million to Amaranth's bad investments. Andrew Phelps reports.

HP shares stumble as spying scandal grows

Hewlett-Packard's stock price fell nearly 5% today as investors found out that the internal leak investigation might go all the way to the top. Host Kai Ryssdal talks to Adam Lashinsky of Fortune magazine who's been following the story.

Big business at the Ryder Cup

This year's Ryder Cup at the K Club in Ireland is expected to turn a profit of about $20 million. Host Kai Ryssdal speaks with Ed Derse about the business side of the golf tournament.
Posted In: Sports

Baby à la benefits

France is bucking Europe's trend of declining birthrates by providing benefits such as guaranteed parental leave and large childcare subsidies. Eleanor Beardsley has the story.
Posted In: Canada

Cash incentives for the poor

New York Mayor Michael Bloomberg has suggested paying poor people for making good choices such as staying in school or seeing a doctor regularly. Newt Gingrich, who joins Marketplace as an occasional commentator, says it's an idea worth considering.

Branson invests in global warming fight

British business mogul Richard Branson today pledged $3 billion to combat global warming over the next decade: 100% of the profits from Virgin's transportation and airline sectors. But there might be motive besides saving the planet, Sam Eaton reports.

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