Marketplace for Tuesday, Nov. 27, 2007
The Web giant has announced plans to invest hundreds of millions of dollars in green energy projects. It plans to produce enough electricity from renewable energy sources to power a city the size of San Francisco. Sam Eaton reports.
Posted In: Economy, Wall Street
The sovereign investment fund of Abu Dhabi is giving America's biggest bank, Citigroup, some much-needed capital to offset its big mortgage losses. For some insight into this news, Bob Moon talks with David Wighton of the Financial Times.
Posted In: Economy, Housing
The U.S. Conference of Mayors put out a detailed report today, forecasting just how badly cities are being affected by the housing slump. Bob Moon talked with Louisville Mayor Jerry Abramson about how the downturn is affecting his city and others.
Posted In: Economy
The worst consumer confidence numbers in two years came out today, along with the worst year-on-year drop in home prices in 20 years, and a report predicting the foreclosure crisis is far from over. Do all these indicators confirm a recession is near? Steve Tripoli reports.