Mar 15, 2007

Marketplace AM for March 15, 2007

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Digging for subprime gold

by Scott Jagow

Mar 15, 2007

As the subprime mortgage sector approaches a full-scale meltdown, investment bank Goldman Sachs is talking about getting deeper into subprime lending. Is it a fire sale or a fool's market?

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Putting drug profits to bed?

by Helen Palmer

Mar 15, 2007

The FDA has ordered drugmakers to issue strong new warnings about sleeping pills, citing risks of odd behaviors like sleep-eating and sleep-driving. That could cause complications for Big Pharma's bottom line.

March Madness profits on demand

by Marketplace Staff

Mar 15, 2007

The NCAA Tournament jumps into full swing today and big-time revenues are a slam dunk for partners like CBS — not to mention peripheral players like beer sellers.

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Microsoft bridges the voice gap

by Marketplace Staff

Mar 15, 2007

Microsoft has agreed to purchase voice recognition leader Tellme for something in the $800 million neighborhood. A pricey purchase, but one that gives it an instant edge in voice command search technology.

EU satellite plan loses its way

by Stephen Beard

Mar 15, 2007

Europe had wanted to launch its own satellite navigation system — one that would rival America's GPS — by 2010, but that timeline is drifting further out of orbit by the day.

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Barclays wants its money back

by Stephen Beard

Mar 15, 2007

The subprime mortgage crisis has rippled across the pond and now British banking giant Barclays is demanding the immediate repayment of $900 million from U.S. subprime lender New Century.

Green wheels turn record sales

by Sarah Gardner

Mar 15, 2007

Alternative fuel cars and trucks accounted for 9 percent of U.S. auto sales last year. That's way more than automakers expected — and you might be surprised which state led the pack.

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Bank of Wal-Mart?

by Hillary Wicai

Mar 15, 2007

Wal-Mart has a pending application to establish an industrial loan company, but the retail giant insists it's not interested in opening retail bank branches. Now there may be evidence that suggests otherwise. . .

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