Marketplace for Friday, Nov. 16, 2007
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Segments From this episode
Three members of the Federal Reserve committee that sets interest rates have said another rate cut isn't necessary. That news was a bit of a surprise for Wall Streeters. And, as John Dimsdale reports, some economists are still expecting rate reductions in the near future.
Beleaguered British oil giant BP announced it's selling off its convenience stores and gas stations and laying off about 10,000 people in the process. Stacey Vanek-Smith reports others in the oil business are doing the same thing.
King Juan Carlos of Spain has responded to more name-calling from Venezuelan President Hugo Chavez by telling the South American leader to shut up. Chavez has fired back by threatening Spanish businesses. Dan Grech reports on this escalating and heated exchange.