Marketplace for Friday, April 25, 2008
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Microsoft CEO Steve Ballmer has a big decision to make this weekend -- how hostile he wants his bid for Yahoo to be. Microsoft set Saturday as a deadline for Yahoo to accept its $44 billion offer. Or else...? Alisa Roth reports.
Luxury brands usually don't suffer much when the economy tanks. But Gucci is struggling and making a big shift to cheaper down-market goods. Meanwhile, Louis Vuitton is growing like gangbusters. Jill Barshay reports.
Texas Gov. Rick Perry is asking the Bush administration to waive some federal requirements for renewable fuels that he says are hurting his state and adding to rising food prices. Kai Ryssdal gets reaction from Joseph Romm of the Center for American Progress.
Fortune Magazine's recent list of 10 businesses facing extinction includes record stores, crop dusting, telemarketing and . . . gay bars? That one caught our eye because gay business in general is booming. Stacey Vanek-Smith checked it out.
Billboard and other outdoor advertising is the fastest growing division at CBS. And just this week the company spent $100 million to expand in South America. Dan Grech reports.