02/06/08
Marketplace for Wednesday, February 06, 2008
Episode Description:
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401(k) fees can add up
Saving for retirement can come at a cost when 401(k) plans tack on numerous charges, some of which are not so obvious. Tess Vigeland reports on those fees and the damage they can do to your golden years.
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Top mining company tries to buy rival
BHP Billiton, the world's largest mining company, is looking to buy one of its competitors, Rio Tinto. So far, Rio Tinto has rejected BHP's offers. But if the deal goes through, it would be the second-biggest takeover ever. Bob Moon reports.
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Unemployment benefits need overhaul
The Senate is considering whether to lengthen the six-month period in which people can collect unemployment. Commentator Robert Reich says not only should unemployment benefits be extended, they should also be reformed.
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Platinum enriches South African tribe
A South African tribe that owns shares in mines operated by the world's largest platinum producers is planning to use its profits to develop its community. Gretchen Wilson reports.
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Cell phone advertising to get specific
CBS Mobile has announced a way to advertise businesses on your cell phone that are near your location. Kai Ryssdal talks to Alice Cuneo of Ad Age magazine about it.
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Atlanta comes up dry in water ruling
An appellate court has ruled that Atlanta has no legal rights to take anymore water from a federal reservoir that also supplies Alabama and Florida. The decision could seriously impact the city's growth. Nancy Marshall Genzer reports.
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Bush plans to revamp guest-worker rules
The Bush administration has announced plans to overhaul the nation's agricultural guest worker program, making it easier for growers to bring foreign workers to the United States. Dan Grech reports.
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Campaign coverage helps websites
The number of people turning to the Internet for campaign coverage has tripled since 2000. While the Web still lags television in viewership and ad revenue, it's making some big gains as a source of political coverage. Jeremy Hobson reports.
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