Marketplace for Wednesday, September 19, 2007
China's having inflation worries of its own. Beijing imposed price controls today on almost everything. The rising cost of food is the most worrisome in a country that has 1.3 billion people to feed. But Scott Tong reports the Chinese won't be the only ones paying the price.
Analysts were pleasantly surprised when Lehman Brothers reported a mere 3% drop in profits yesterday. But Morgan Stanley said today its earnings fell 17%, with almost $1 billion in bad loans to write off. Marketplace's Amy Scott explains the disparity.
Posted In: Auto, Jobs
General Motors and the United Auto Workers today got back to hammering out a new contract that could be a model for deals with Ford and Chrysler. Jeff Tyler reports the two sides are getting creative to solve the critical problem of healthcare costs.