MarketplaceĀ®

Daily business news and economic stories
  • Wells Fargo would get Wachovia for $15 billion, knocking Citigroup and the FDIC out of the picture. Renita Jablonski talks to Chris Whalen of Institutional Risk Analytics about why the banks may be a good fit.

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  • The House vote today will determine the future of the rescue package, but some on the floor are still trying to decide where they stand. Scott Jagow talks to Republican Congressman Mike Conaway, who's still on the fence.

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  • For a group of seniors at a Panera in Charlotte, North Carolina, the financial bailout is hot on the talk menu. Amy Scott sat in on one of their discussions and got an earful for the latest in our Road to Ruin series.

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  • In the early 90's, Sweden was facing a financial crisis that sounds a lot similar to what the U.S. is going through right now. Alisa Roth explores what the country did to get back on its feet and why it worked out well in the end.

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  • Lobbying groups are telling small businesses, manufacturers to call their members of Congress and urge them to pass the financial rescue bill. Scott Jagow hears more from Nancy Marshall Genzer in Washington.

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  • Many Wall Street banks and financial services moved parts of their operations across the Hudson River, earning Jersey City the name "Wall Street West." Sally Herships learns that might not be such a good thing now.

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  • Logo for the Hope for Housing program
    hopeforhousing.org

    Hope for Housing, is a new $300 million program to help homeowners facing foreclosure get new loans. It was part of the Fannie Mae-Freddie Mack deal. Stacey Vanek-Smith talks to some who want to see more.

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  • The credit crisis is spreading like a bad flu. It's affecting construction, automakers and retail outlets. And, as reporter Steve Henn learns, more layoffs are on the way.

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  • Inflation is running about 3 percent across the euro zone, well above the European Central Bank target of 2 percent, says European Bureau Chief Stephen Beard. He tells Kai Ryssdal that the level of fear is rising, as well.

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  • Republican Congressman John Campbell voted yes for the $700 billion rescue plan the first time around and tells Kai Ryssdal that he intends to do so again when it comes back to the House floor.

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