Marketplace for Thursday, Sept. 25, 2008
Posted In: Economy, Wall Street
Over the past couple of weeks, the interest rate banks charge each other for short-term loans has shot up dramatically. Now, rates for money-market funds -- what companies use to borrow for day-to-day operations -- are soaring as well. Jeremy Hobson reports.
Six years ago, IHOP restaurants were struggling. Julia Stewart was hired to shake things up, which she did. Now, the CEO of DineEquity Inc. has an additional challenge: the troubled Applebee's chain.