Marketplace for Wednesday, Dec. 3, 2008
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As Ford, General Motors and Chrysler go hat in hand to Congress asking for help, their CEOs now say they'll take just a dollar a year in salary if that'll make things better. But the bucks don't really stop there. Jeremy Hobson reports.
A couple of months ago the Wall Street powerhouse decided the investment banking wasn't such a good idea anymore. So it turned itself into a full-service operation. Now it reportedly is considering becoming an Internet banking start-up. Bob Moon reports.
Last month England's central bank dropped its interest rate to 3%, a 50-year low. Another half-point cut is expected Thursday to help hard-pressed borrowers. But that has hard-pressed savers upset. Stephen Beard reports.
There is big buzz about who's going to dress Michelle Obama for the inauguration. To help figure out what that might mean for clothing retailers, Kai Ryssdal talked with Kate Betts, editor-in-chief of Time's Style & Design.
Women probably aren't going to give up personal primping entirely. But they are taking a breather. And that has salons scrambling to adjust to beauty's new bottom line. Renita Jablonski reports.