Marketplace for Friday, Dec. 21, 2007
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Segments From this episode
The Swiss bank UBS has sold a slice of itself to Singapore and to Saudi Arabia. Its shareholders in Europe are making a big fuss about the Saudi investment. Jill Barshay reports.
Best Buy is going gangbusters. Circuit City's shares are down 75% so far this year, and things are expected to get worse. Stacey Vanek-Smith reports on how two companies selling similar stuff have wound up in such different places.
Washington Mutual, this country's biggest savings and loan, is the target of another investigation. This time it's the Securities and Exchange Commission that is looking into whether the S&L handled mortgages based on inflated home appraisals. Jeremy Hobson has more.
Twenty-five years ago, before the perfect pie crust, the signature series at K-Mart and the minimum-security prison, there was Martha Stewart's first book, "Entertaining." After all this time, says commentator Peter Hyman, the lifestyle queen's best creation remains herself.
Whatever weakness the economy's showing, luxury goods continue to sell. The top-end hotel market is booming with plush one-upsmanship. Alex Goldmark looked into reports of six- and even seven-star hotels.
The number of companies throwing bashes this holiday season has declined almost 10 percent from last year, according to one report. Chalk it up to general worries about the economy. Amy Scott takes a look at one industry in particular that is feeling the pinch.