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MID-DAY UPDATE: Gold prices glitter and investors go "green"

Shelly Moulton Nov 9, 2010

Gold hit records highs today, topping more than $1,412.75 an ounce. Why are investors putting their faith in gold? Will the Republicans take aim at the Dodd-Frank law, which puts a limit on banks’ ability to use their customers’ money to buy and sell risky investments? And in what some may consider an oxymoron, investors seek to become socially responsible through “green” investing.

In London, Tony Hayward, former chief executive of BP, tells the BBC that the oil company was unprepared to deal with the scale of the spill in the Gulf of Mexico. The European Commission is expected to levy fines totaling more than a billion dollars on 10 air cargo carriers, for price fixing their cargo operations. Also, learn about the economic impact that the Dalai Lama has on countries that he visits.

Houston, Texas, best known for oil, may be taking the lead in the electric car race. Host Jeremy Hobson talks with Daniel Boulud, an award winning restauranteur and chef — part of our “Welcome to New York Week.” And finally, has Mr. Goodwrench slipped out of our grip?

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