Marketplace®

Daily business news and economic stories
  • Food contaminations like the China milk scare are not a new phenomenon. Marketplace host Tess Vigeland chats with author Bee Wilson, who chronicled the history of "food fraud' in her book "Swindled."

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  • Many local bank managers say they aren't seeing the level of financial disruption or the liquidity crisis plaguing the upper echelon institutions on Wall Street. Kate Archer Kent visits a local bank in Shreveport, La.

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  • Christie's employee looks at a portrait  by British artist Francis Bacon, at Christie's auction house, in London, on October 14, 2008.
    Carl de Souza/AFP/Getty Images

    The credit crisis is behaving as if it were a vampire searching around for fresh blood. This time it's the supposedly "recession proof" tech, entertainment and art sectors. Stacey Vanek-Smith has the story.

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  • Treasury Secretary Henry Paulson said the $250 billion bank rescue plan isn't just for the big guys. It's come one, come all — big, medium or small. Ashley Milne-Tyte has more from New York on what Paulson had to say.

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  • Federal Reserve Chairman Ben Bernanke told Congress that the economy is badly in need of a boost and said it's time for a significant stimulus package. Washington Bureau Chief John Dimsdale has more.

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  • Two rival government agencies are reportedly teaming up to investigate trading in credit default swaps. At issue is whether traders manipulated this unregulated market to drive down stock prices. Dan Grech reports.

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  • Congress is holding hearings this week on the U.S. banking industry. Steve Henn reports while many members of Congress would like to be back home campaigning, they want to come up with a post-election plan.

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  • The Dutch government announced it will be buying a $13 billion stake into ING and will also take seats on the bank's supervisory board. Stephen Beard reports why the move has astounded analysts.

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  • South Korea initiated its own multibillion-dollar rescue package for its banking system today. The problem: leaning too much on U.S. credit. Scott Tong looks deeper into Seoul's new loan guarantees.

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  • Bank of America reported bleak results a few weeks ago, but the government rescue plan can mean good things for the bank's future. Janet Babin reports why B of A may be a safer investment now despite its current trauma.

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Fallout: The Financial Crisis