Marketplace for Thursday, May 22, 2008
Posted In: Charity
Rescue and rebuilding efforts from the China earthquake have prompted such a strong response from volunteers and donors in the country that many are wondering whether a new interest in private philanthropy will develop out of the tragedy. Jamila Trindle reports.
Posted In: Housing, Investing
To get the subprime mess off its books, the Swiss bank UBS is selling $15.5 billion-worth of mortgage-backed securities to private investment firm BlackRock. And it's lending BlackRock $11 billion to do it. Ashley Milne-Tyte reports.