Feb 9, 2007

Marketplace AM for February 9, 2007

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Segments From this episode

Alcatel-Lucent cutting 12,500 jobs

Feb 9, 2007
Growing pains at the world's largest maker of telecommunications equipment: Alcatel-Lucent announced today that it will lay off even more workers than anticipated. And don't look for a quick turnaround.

Cracking Britain's chewing gum market

Feb 9, 2007
Wrigley has a stranglehold on the U.K's chewing gum market, but Cadbury Schweppes has spent the past year formulating a plan — and gum — to win over British consumers.

Hedge fund regulation on the table

Feb 9, 2007
The G7 finance summit starts today and one item on the agenda is whether hedge funds should be regulated — or if that would just risk sending the global economy into a tailspin.

Getting into the ring over cockfighting

Feb 9, 2007
Amazon carries two cockfighting magazines on its site, so the Humane Society is suing the online retail giant. Amazon refuses to take them down as a matter of free speech.

New hope in Palestine

Feb 9, 2007
Rival Palestinian factions have signed a deal to form a national unity government after marathon talks aimed at ending deadly infighting — and the international boycott that's crippled its economy.

The voting tax is history

Feb 9, 2007
This week in 1964, the 24th Amendment was ratified to outlaw poll taxation. Good thing, especially considering its origins. . .
A Los Angeles resident inserts his ballot to vote in the November 2006 midterm elections. California was among the many states where voters approved bond measures.
Robyn Beck, AFP/Getty Images

Scam alert: Struggling homeowners beware

Feb 9, 2007
Con artists have found a new way to prey on nervous homeowners in danger of losing their properties. It's called a foreclosure release scam, and there are some sure danger signs to look for.

Three cheers for the bus owner

Feb 9, 2007
U.K. investors applauded news that a British company will buy Laidlaw, America's biggest private operator of school buses. But it already owns the No. 2 carrier so there could be regulatory roadblocks ahead.

Long wait for video download profits

Feb 9, 2007
Amazon, TiVo and Wal-Mart are among the companies jockeying for the lead in the movie download business, but Daily Variety's Mike Speier says it's going to be a long time before they're making money at it.

The team

Stephen Ryan Producer, BBC