Oct 1, 2009

Marketplace Morning Report for Thursday, October 1, 2009

HTML EMBED:
COPY

Marketplace Morning Report for Thursday, October 1, 2009

Segments From this episode

Lewis to retire with over $50M pension

Oct 1, 2009
Bank of America CEO Kenneth Lewis surprised the bank's board with his retirement announcement yesterday. Though he won't get a severance package, he will get a pension valued at more than $50 million. Alisa Roth reports.

China still growing under communism

Oct 1, 2009
Today commemorates the 60th anniversary of the Communist Party's overtaking of China, and the country is still growing in the global economy. Steve Chiotakis discusses why with Marketplace's Scott Tong.

Designers look to fashion of recovery

Oct 1, 2009
With Fashion Week at full speed, we thought we'd get a handle of the industry from an expert. Steve Chiotakis talks to Project Runway's Tim Gunn about what designers are focusing on through the economic downturn.

A new era for domain name endings

Oct 1, 2009
The Internet Corporation for Assigned Names and Numbers, which is responsible for assigning domain names, will make more endings available beyond just dot-com, dot-net, and dot-biz. That has some U.S. companies reeling. Ashley Milne-Tyte reports.

Ag bill favors small dairy farmers

Oct 1, 2009
The House and Senate have agreed to reconcile different versions of an agriculture bill worth about $23 billion, which includes a bailout for dairy farmers. Joel Rose explores who the bill would help most.

U.K. defense firm accused of bribery

Oct 1, 2009
British fraud investigators are accusing BAE, the U.K.'s biggest defense firm, with bribery. The fourth-largest supplier to the Pentagon has been accused of paying millions in bribes to win contracts overseas. Stephen Beard reports.

Was your loan modification denied?

Oct 1, 2009
Mortgage holders who have been turned down for loan modifications can at least take solace in a bit of clarity. Starting today, the Treasury will require financial institutions to say why they reject requests. Danielle Karson reports.

Why the Saturn deal fell through

Oct 1, 2009
General Motors is getting rid of its Saturn brand after a deal to sell it to former race car driver Roger Penske fell through. Steve Chiotakis talks to Marketplace's Alisa Roth about why the deal flopped.

Congress eyes big overdraft fees

Oct 1, 2009
Some of America's biggest banks have announced changes to their overdraft policies, but that's not stopping Congress from considering a crackdown. Bill Radke talks to L.A. Times business columnist David Lazarus.

A sharp rise in consumer spending

Oct 1, 2009
Consumer spending, propelled by the wildly popular Cash for Clunkers auto sales program, shot up in August by the largest amount in nearly eight years. Steve Chiotakis gets more from Bill Stone of PNC Wealth Management.

The team

Stephen Ryan Producer, BBC