Marketplace for Thursday, April 24, 2008
Posted In: Economy, Wall Street
Several multibillion-dollar hedge funds have disappeared in the past couple of weeks, without benefit of a bailout from the Federal Reserve or JPMorgan. Analysts say dozens more could be looking at the same fate. Stephen Beard reports from London.
Congress today gave itself until next week to consider the $280 billion farm bill, which includes funding for food stamps, nutrition programs and subsidies for farmers over five years. Which means a little something for everyone. Jeremy Hobson reports.
Product recalls, from pet food to toys, have prompted calls for tighter import inspections. The House is considering a proposal to charge food and drug producers hundreds of millions of dollars to improve product safety. Dan Grech reports.
Posted In: Economy, Retail
Target says it's had to write off a chunk of its outstanding credit-card debt. It's bad news for one of the country's biggest retailers, and worse for card holders who are discovering they can't pay what they owe. Jeff Tyler reports.
While Congress considering a supplemental spending request Iraq and Afghanistan, Nebraska Democrat Ben Nelson is among the lawmakers who say it's past time for the U.S. to stop paying for reconstruction. He talks with Kai Ryssdal.
Special inspector general for Iraq reconstruction Stuart Bowen has issued a report that says the country could net $70 billion in oil revenues this year -- more than enough for Baghdad to begin paying its own way. He talks with Kai Ryssdal.