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Mergers shine in the skin and beauty industry

Mar 21, 2005
First we had reality shows like "Extreme Makeover" and "The Swan". They were a sign that cosmetic surgery had gone mainstream, whether you're talking an eyelift or a full-fledged tummy tuck. Those procedures can also be big business, if a $2.8 billion merger unveiled today is any indication. Medicis Pharmaceuticals makes drugs for skin conditions from acne to wrinkles. Inamed specializes in obesity treatments and breast implants. Together, the two companies hope to stake a bigger claim in the growing vanity market as Alisa Roth reports.
Posted In: Wall Street

The week that was on Wall Street

Mar 18, 2005
Friday means... looking forward and looking back. Host Cheryl Glaser talks to Dallas stockbroker David Johnson about what was and what will be.
Posted In: Wall Street

Debating a home for the New York Jets

Mar 17, 2005
Away from the baseball hearings on Capitol Hill, a battle is brewing over football in New York. Business of Sports Analyst Ed Derse talks to David Brown about a fight between Cablevision and the New York Jets over the new West Side Stadium.
Posted In: Wall Street

The money-making scheme of Charles Ponzi

Mar 17, 2005
Double your money in ninety days. Sounds great, doesn't it? It's one of the oldest tricks in the book. Or at least, one version of that trick can be traced back to 1920. It's called the Ponzi scheme - and it got its name from an eager and desperately poor Italian immigrant. Mitchell Zuckoff has just written a book about him...
Posted In: Wall Street

Bull or bear: Which way will the 2005 stock market go?

Mar 17, 2005
Will a bull market or a bear market prevail in 2005? Marketplace's money guru Chris Farrell tells host Kai Ryssdal right now there are some strong arguments on both sides.
Posted In: Wall Street

Depression - When CEO's get the blues

Mar 17, 2005
A study out this week states that one in three American workers are chronically overworked - that's about 44 million people. About 9 million of those people experience depression as a result. Since CEO's know a thing or two about stress and being overworked... we wondered if they aren't likely to also know more than they may let on about depression. From Marketplace's Work and Family Desk, Hillary Wicai reports even CEOs get the blues.
Posted In: Wall Street

Will the expanding housing bubble burst?

Mar 16, 2005
Housing construction is at a 21 year high. That news from the Commerce Department today. Interest rates are on the rise... but people keep buying houses. And what's more, prices keep going up. But hard to say why. Back in 1996, Alan Greenspan warned of Irrational Exuberance. He was talking about Wall Street. We know what happened there. Yale economist Robert Schiller recently updated his book on Irrational Exuberance. And he wondered if you could apply Greenspan's memorable warning to what's happening today with housing ...
Posted In: Wall Street

Sarbanes-Oxley created a windfall of sorts

Mar 16, 2005
Today is the deadline for companies to report to regulators on the measures they've taken to control fraud. It's all part of The Sarbanes-Oxley Act... the measure passed in 2002 after the Enron and WorldCom scandals. Among other things, the act increased management's accountability for companies' books and created new internal controls. But Sarbanes-Oxley has created something else: an unexpected windfall for small and mid-sized accounting firms. Alisa Roth reports from New York.
Posted In: Wall Street

Hurry, you can also "Rent a CFO"

Mar 15, 2005
Tomorrow's the deadline for many businesses to let investors behind the curtain. Remember something called the Sarbanes-Oxley act? Nowadays publicly traded companies have to give investors the lowdown of lots of details..From inventory tracking to computer security and nooks and crannies in between. This is serious financial housekeeping. Not the sort of job you farm out to a temp worker. Then again, maybe its just a question of finding the right kind of temp worker. From Seattle, Cathy Duchamp reports.
Posted In: Wall Street

General Motors and a bumpy road

Mar 14, 2005
Last year General Motors made media buys worth $2.8 billion. Mostly through the Interpublic Group. Today the world's largest car company put that action up for bid. GM says it's trying to respond to a changing media landscape. And cut costs too. GM's been losing market share in the U.S. to rivals like Toyota. Put that together with the falling dollar and what do you get? Some surprises at one of the world's most prestigious auto shows. Dan Neil of the LA Times is our transportation commentator. And he's just back from Geneva...
Posted In: Wall Street

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