May 22, 2006

Marketplace PM for May 22, 2006

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Segments From this episode

Cold, hard cash tied to congressman

May 22, 2006
FBI officials say they've caught Louisiana Rep. William Jefferson on tape accepting a $100,000 bribe. Agents later found the cash hidden in his freezer. Scott Tong reports.

FTC: No gas market manipulation

May 22, 2006
The Federal Trade Commission says it found some cases of gas price gouging after Hurricane Katrina, but no broad market manipulation by oil companies. It blamed "regional or local market trends" for high prices.

Wal-Mart fails in South Korea

May 22, 2006
Wal-Mart has announced it's selling its South Korean retail business for $882 million. Tess Vigeland looks at why the big box store is pulling out of the country.
A Wal-Mart store in Seoul, South Korea
Jung Yeon-Je (c) AFP/Getty Images

NYSE makes Euronext offer

May 22, 2006
The New York Stock Exchange has offered to buy European exchange operator Euronext for $10 billion. It's seeking to beat rival Nasdaq in the race to become the first transatlantic stock market. Bob Moon reports.

An end to commissions on Wall Street?

May 22, 2006
A major Wall Street brokerage house is expected to announce a settlement this week in a class-action suit that claims stockbrokers should get paid overtime. It's a fight that could transform the whole profession. Amy Scott reports.

German companies thrive in China

May 22, 2006
China's largest trading partner in the European Union is Germany, with bilateral trade reaching $63.2 billion last year. Ruth Kirchner reports on the cozy business relationship between the two countries.

No 'path to citizenship' for professionals

May 22, 2006
Congress is working on immigrantion reform, but commentator and Russian-born attorney Ilya Shapiro says even if current versions of the legislation pass, they won't help him become an American citizen.

1. Pick a mayor; 2. Rebuild the city

May 22, 2006
Marketplace's Sam Eaton tells host Kai Ryssdal that with their mayoral election behind them, New Orleans' residents are now keying on Mayor Ray Nagin to lead the city's recovery.