Marketplace for Monday, Oct. 29, 2007
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Merrill Lynch CEO Stan O'Neal reportedly will be leaving the investment house following its announcement last week of $8 billion in subprime write-downs. Steve Henn reports O'Neal would be the highest profile casualty of the subprime mortgage debacle.
For years, consumer advocates have been petitioning the FCC to strike down a rule that lets cable providers sign exclusive contracts with apartment buildings. A report says they will soon get what they wanted -- and telephone companies couldn't be happier.
The Federal Reserve meets Tuesday to consider short-term interest rates. Six weeks ago Ben Bernanke and the gang obliged Wall Street with a half-point cut. John Dimsdale reports investors have their party hats ready once again.
French President Nicolas Sarkozy has declared war on the special privileges enjoyed by certain workers. Among others, he's promised to take an ax to the protectionist rules enjoyed by taxi drivers. John Laurenson reports.
After years of resistance from the public, the nuclear industry is attempting a comeback. It has already won $12 billion in taxpayer subsidies and is pushing for even more. Sarah Gardner reports.