Marketplace PM for September 5, 2006

Episode Description 

Ford names new CEO

The automaker announced this afternoon that Bill Ford, Jr. — Henry's great-grandson — will step down from its top job. Host Kai Ryssdal talks to Micheline Maynard of the New York Times about the development.

Striking oil in the Gulf

Three oil companies today announced a major oil discovery in the Gulf of Mexico. The deep-water well may be one of the biggest finds in recent years — and could boost U.S. oil and gas reserves by 50 percent. Sarah Gardner reports.

BP gets an ombudsman

British oil giant BP has appointed a former U.S. District Judge to act as a company ombudsman who will hear complaints from BP workers in Alaska and elsewhere. Stephen Beard reports.

Blank check IPOs are back

More companies are raising money on Wall Street these days without telling investors what they plan to do with it. It's not illegal, but there's word today regulators are looking into the practice. Amy Scott reports.
Posted In: Wall Street, Washington

Pensions vs. 401ks

A study out today says the much-maligned pension still has many benefits over 401k accounts. Turns out pensions have lower fees and better financial performance. Hillary Wicai reports.
Posted In: Investing

Can parking tickets measure corruption?

Many developing — and some developed — nations have reputations for corruption. Turns out parking ticket data may serve as a good measure of just how corrupt. Undercover Economist Tim Harford explains.

Education myths 101

Millions of kids have gone off to college for the fall. As some of us face empty nests, all of us should face some empty promises about American higher education says author and commentator Beth Shulman.

Dunkin' Donuts escalates java wars

Coffee sales are so profitable that the java giants are thinking big. Dunkin' Donuts plans to triple its number of stores, stepping up the competition for a certain Seattle-based coffee specialist. Steve Tripoli has the story.
Posted In: Entrepreneurship

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