Societe Generale is busy dealing with rumors of buyouts from bigger banks and the rogue trader speaking to the press about the scandal. Stephen Beard talks to Scott Jagow about what the bank is up against.
As smoking continues to decline each year in the U.S., Phillip Morris USA and parent company Altria are feeling pressure to expand their product line. Janet Babin reports what Altria is doing to be less dependent on cigarettes.
A provision in the economic stimulus bill calls for a tax deduction on the cost of new machinery. But commentator Robert Reich says businesses won't invest in production equipment when there's no demand for their product.
Exit polls for the Florida primary showed many voters were influenced by a faltering economy. John Dimsdale found out who voters liked in Hollywood, Florida and what made them choose their candidates.
Responding to subprime problems and the recent bank run from Northern Rock, the British government wants to allow the Bank of England to bail out failing banks in secret. Details would be public later. Stephen Beard reports.
Ghana's cocoa farmers are suffering from a poverty cycle, with the global price of cocoa struggling and production waning. But Cadbury wants to put money towards teaching farmers to yield more crops. Gretchen Wilson reports.
Whether or not the Federal Reserve announces another interest rate cut today, the effects of a cut wouldn't be seen for awhile. Steve Henn reports we haven't even begun to see the effects of past rate actions yet.
With warming polar regions endangering habitats for polar bears and penguins, scientists and others are experimenting with ways to protect the animals from extinction. Janet Babin reports.
Marketplace Morning Report for Wednesday, January 30, 2008
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