Oct 1, 2007

Marketplace AM for October 1, 2007

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Segments From this episode

Even Swiss banks hurt by subprime

Oct 1, 2007
Swiss bank UBS today reported substantial losses and announced 1,500 job cuts -- including the CEO. Scott Jagow asks Stephen Beard in London whether similar statements are on their way from other European banks.

Some still pass on passport

Oct 1, 2007
A new passport rule goes into effect today for Americans -- they'll need a passport from now on to travel to Canada or Mexico. But Jeremy Hobson reports that some people still need to get their hands on one.

High-definition purgatory

Oct 1, 2007
For your DVD-viewing pleasure, should you pick up Sony's Blu-Ray, or an HD-DVD? It's a tough call for some, but commentator Bill Hammack says he's not choosing either.

Congress trying to lighten up

Oct 1, 2007
Congress is expected to vote on a broad energy package this month, which will also favor more energy-efficent lighting. Sam Eaton has more.

Conservation inspired by debt

Oct 1, 2007
This week, Congress will consider forgiving the debt of developing countries in exchange for safeguarding their natural resources. Dan Grech reports that these "debt-for-nature" swaps have worked well before.

Myanmar sanctions missing a few gems

Oct 1, 2007
In response to the events in Myanmar last week, the U.S. imposed new economic sanctions. But critics say they're not strong enough -- particularly regarding the country's lucrative gem trade. Amy Scott reports.

U.S. private equity eyes Northern Rock

Oct 1, 2007
Reports out say private equity firms Cerberus and JC Flowers are considering taking over some of the assets of London's Northern Rock, which recently faced trouble from the subprime mortgage crisis. Stephen Beard reports.

Bad news from Citigroup, too

Oct 1, 2007
Citigroup reported that third-quarter profits will probably drop 60 percent. Amy Scott explains what got them there, and reports that the worst might not be over.

The team

Stephen Ryan Producer, BBC