Marketplace for Monday, April 28, 2008
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Segments From this episode
The Mars candy company is teaming up with Warren Buffet to buy Wrigleys for $23 billion. Meanwhile, Kirk Kerkorian is buying more shares in Ford Motor Co. If you've got billions, is now the time for bargains? Jill Barshay reports.
The Federal Reserve is holding hearings in L.A. on Bank of America's planned acquisition of troubled mortgage company Countrywide. Fair-lending advocates say the acquisition should include an obligation to help clients avoid foreclosure. Jeff Tyler reports.
Two weeks from today the cost of mailing a first-class letter goes up a penny, from 41 to 42 cents. Unless you've bought some of theose "forever" stamps, which are being bought at a rate of 30 million a day. Jeremy Hobson reports.
Almost a year ago the United States Postal Service stopped sending letters and packages by sea. It's airmail only now for most international postage. Commentator Robert Lyle wonders whether the change has been worth it.
IBM employees on Tuesday plan to protest the company's practice of "reclassification," or changing salaried workers to hourly ones. It's a word that's getting a lot of play in corporate America these days. Lisa Napoli reports.
In big cities in China, single women may still be looking for men with charm, wit, intelligence and good looks. But what really makes them swoon is a man who owns a home. Lisa Chow reports.