Marketplace for Friday, Oct. 26, 2007
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Despite Countrywide's $1.2 billion loss in the 3rd quarter, its CEO says the black ink is about to start flowing again. That word sent its shares soaring. Steve Tripoli reports on whether people bidding up those shares are drinking more than their share of the Kool-Aid.
Former Treasury Secy. John Snow says he doubts that a so-called superfund set up by big banks to cushion the mortgage meltdown is going to work. Kai Ryssdal talked with Reuters columnist James Saft to find out why not.
Have you noticed that all the big grocery chains seem to be going upscale? Which is why the Dutch conglomerate that owns the Giant Food chain here in the states is renovting 100 of its stores. Steve Henn reports the facelifts are long overdue.
Many towns and cities in the Southeast, including Atlanta, are months away from completely running out of water. Sam Eaton reports the economic fallout is only beginning.
At the World Series, advertisers aren't the only ones getting more savvy at making their products friendly to consumers. Commentator Glenn Rifkin says, just like Chevy, the Boston Red Sox have been polishing up their brand.
Fly-by-night costume shops land in empty storefronts about this time every year. They hawk their hats and their brooms. And by the time November rolls around they've disappeared. Caitlan Carroll reports the amount of cash they take with them is almost frightening.