Jun 27, 2007
Marketplace PM for June 27, 2007
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Segments From this episode
Gordon Brown is Britain's new prime minister. As Tony Blair's finance chief he was highly praised for how he ran the economy. Now that he's moving into 10 Downing Street, how will he run the country? Stephen Beard reports.
A lot of the recent private-equity acquisitions have been paid for with borrowed money. But some of the people loaning the money for those kinds of deals are now saying there's too much debt involved. Amy Scott reports.
Because people are writing fewer checks, the Federal Reserve says it's going to close almost all of its 22 check-processing centers. ThPat Barron, head of the Fed's check processing operations, explains what's happening.
Guitar Center, which started almost a half century ago as a small appliance and organ shop in Hollywood, has been bought in a private-equity deal. How did the company get to being worth $2 billion? Rachel Dornhelm reports.
Hooters has shown strong growth nationally -- except in New England where the franchise known for its busty waitresses faces Chapter 7 bankruptcy and is liquidating. Curt Nickisch reports.
A report out today says that about a third of the world's 9.5 million millionaires live in the U.S. Robert Frank, who writes the Wealth Report column for the Wall Street Journal, discusses the report with Scott Jagow.
A flame retardant in most homes keeps appliances and electrical wiring from catching fire, but a lot of firefighters want to get rid of it anyway because of the fumes it gives off when it burns. Sasha Aslanian reports.
Cheers to trustworthy journalism!
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