Thursday, October 1, 2009
In this show. . .
Why the Saturn deal fell through
General Motors is getting rid of its Saturn brand after a deal to sell it to former race car driver Roger Penske fell through. Steve Chiotakis talks to Marketplace's Alisa Roth about why the deal flopped.
Lewis to retire with over $50M pension
Bank of America CEO Kenneth Lewis surprised the bank's board with his retirement announcement yesterday. Though he won't get a severance package, he will get a pension valued at more than $50 million. Alisa Roth reports.
China still growing under communism
Today commemorates the 60th anniversary of the Communist Party's overtaking of China, and the country is still growing in the global economy. Steve Chiotakis discusses why with Marketplace's Scott Tong.
Designers look to fashion of recovery
With Fashion Week at full speed, we thought we'd get a handle of the industry from an expert. Steve Chiotakis talks to Project Runway's Tim Gunn about what designers are focusing on through the economic downturn.
A new era for domain name endings
The Internet Corporation for Assigned Names and Numbers, which is responsible for assigning domain names, will make more endings available beyond just dot-com, dot-net, and dot-biz. That has some U.S. companies reeling. Ashley Milne-Tyte reports.
Congress eyes big overdraft fees
Some of America's biggest banks have announced changes to their overdraft policies, but that's not stopping Congress from considering a crackdown. Bill Radke talks to L.A. Times business columnist David Lazarus.
Ag bill favors small dairy farmers
The House and Senate have agreed to reconcile different versions of an agriculture bill worth about $23 billion, which includes a bailout for dairy farmers. Joel Rose explores who the bill would help most.
U.K. defense firm accused of bribery
British fraud investigators are accusing BAE, the U.K.'s biggest defense firm, with bribery. The fourth-largest supplier to the Pentagon has been accused of paying millions in bribes to win contracts overseas. Stephen Beard reports.
Was your loan modification denied?
Mortgage holders who have been turned down for loan modifications can at least take solace in a bit of clarity. Starting today, the Treasury will require financial institutions to say why they reject requests. Danielle Karson reports.
A sharp rise in consumer spending
Consumer spending, propelled by the wildly popular Cash for Clunkers auto sales program, shot up in August by the largest amount in nearly eight years. Steve Chiotakis gets more from Bill Stone of PNC Wealth Management.
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College Confessions
If you made money mistakes during your college career, you're not alone. Hear Marketplace staffers confess to how they handled their finances.
Music From This Show
- Seventeen Years Ratatat
- Space Oddity David Bowie
- In The Stone Earth, Wind and Fire
- Heroes and Villains Brian Wilson
- The Modern Age The Strokes
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Listen to 'After the Bell'
In his weekly podcast, Scott Jagow makes sense of the week in business and the economy. Subscribe now.
- The Whiteboard »
Hostile takeovers
Watch the videoWe all know what a takeover is. That's when one company agrees to be bought by another. But what happens when companies don't agree and the takeover goes hostile? Senior Editor Paddy Hirsch explains. Watch the video.
- Special Reports and Series
Built on Belief »
One year after the fall of Lehman Brothers, Americans' have lost faith in the financial system and learned some hard lessons. Get more.
The Big Shift »
The recession has changed our financial lives. A look at wealth and prosperity in the middle class and how we live now. Get more.
The Borrowers »
How living beyond our means helped bring down the economy. The role of personal debt in the financial crisis, and where we go from here. Get more.
The Next American Dream »
How four pillars of the American Dream are changing. What's in your future?
Taking Stock »
Conversations with individuals who can give us the long view of our economic situation. Get their views.
- Getting Personal »
Q: Income-based student loans
You recently reported on a student loan option that was being offered as part of the government stimulus package, which is based on a person's income.... I was wondering if you could please let me know where to find this information. Thanks. Ethan, Minneapolis, MN Read Chris Farrell's answer »
