Marketplace for Friday, July 10, 2009

Segments From This Episode

• New GM emerges from bankruptcy

  by Alisa Roth

  The revamped General Motors is supposed to be all new, including its board of directors. The government owns half of the company, but will it also have a role in day-to-day operations? Alisa Roth reports.

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• Poor demand pushes down price of oil

  by Bob Moon

  Oil prices dipped below $60 a barrel today, and some forecasters predict that gasoline prices will likely fall below $2.50 a gallon by the end of July. Bob Moon reports.

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• Banks must improve loan modifications

  by Tamara Keith

  Treasury Secretary Timothy Geithner and HUD secretary Shaun Donovan are urging some of the country's largest banks to step up their efforts to help homeowners modify their mortgages. Tamara Keith reports.

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• ‘Big Pharma’ may lose ad tax breaks

  by Marketplace Staff

  To help pay for the health care overhaul bill, the Obama administration may cut a tax deduction drug companies get for television advertising. Sally Herships reports.

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• Businesses should let go of health care

  by Marketplace Staff

  President Obama is hoping for a vote on the health care overhaul bill before Congress goes on its August recess. Commentator Matt Miller says business owners must also rethink their approach to health care.

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• Weekly Wrap: End of the market rally

  by Kai Ryssdal

  Fortune magazine's Leigh Gallagher and T. Rowe Price's Andy Brooks talk with Kai Ryssdal about President Obama's efforts at the G8 summit in Italy and what's to blame for the end of the recent bull market rally.

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• Retailers welcome Christmas in July

  by Kai Ryssdal

  Sears and Kmart are already rolling out their Christmas merchandise, some 165 days before the holiday. Kai Ryssdal speaks with Marshal Cohen, chief industry analyst at the NPD Group, about the chains' strategy.

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• Ghana blacksmiths fuel gun crime

  by Marketplace Staff

  People in the West African nation of Ghana have been working with metal for generations — making jewelry, musical instruments and even guns. The government has cracked down on the local weapons industry, but many blacksmiths find it difficult to leave the trade. Anna Boiko-Weyrauch reports.

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