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Marketplace for Thursday, Jan. 10, 2008
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Several reports out today say Bank of America is in "advanced talks" to buy Countrywide Financial -- the nation's largest mortgage lender, which lost $1.2 billion in the 3rd quarter of last year. Host Tess Vigeland has more.
The Standard & Poor's 500 is down 3% for the year. But today, stock analysts predicted that the index of the nation's largest companies would show double-digit profit growth this year. Who do you trust? Jill Barshay reports.
New York City is requiring new measures to increase the recyling of plastic shopping bags. China has announced it's banning them. Such measures are making reusable bags a big business. Host Tess Vigeland talks with Vincent Cobb, president of Reusablebags.com.
An upstart trading network in Kansas City equipped with the latest technology is gaining ground on the big players. In just a year it's become the third-largest market center in the U.S. This week, Deutsche Bank and JP Morgan said they're buying in. Sylvia Maria Gross reports.
Several universities recently announced big increases in financial aid. Commentator Kim Clark says it looks like things may be starting to turn in students' favor.
Once the gunfire stops in Iraq, military officials move in to make some kind of restitution for accidental property damage and civilian deaths. It can be a tough call. Adam Allington reports from Ramadi.