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Marketplace: Monday, June 21, 2004
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A look at today's markets (closing numbers)
DOW 44.94 (.43%) ;
NASDAQ 12.35 (.62%) ;
S&P 500 4.72 (.42%)
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Newscast
Millions of Americans are insured by Health Maintenance Organizations, or HMOs. On June 21, an important decision from the Supreme Court. It says patients who claim their insurers wouldn't pay for recommended medical care cannot sue their HMOs for big malpractice awards.
Millions of state and local government employees--from teachers to police officers to tax collectors--could be facing a threat to their long term health insurance. That's the assessment of many public employee unions.
Wachovia's set to buy Southtrust. A bank deal priced at more than $14 billion. What more is there to say? Just a couple of things: this gives Wachovia a big jump start on the next wave of bank acquisitions, deep in the heart of fast-growing Texas.
Bet you'd never thought you be paying your phone bill to the cable TV company. The Baby Bells are having a tough time with the concept too--and they're prepared to fight over it. If you haven't already been bombarded by competing offers from telephone companies and cable providers, then brace yourself. After today's news, the bid for your loyalty is bound to become even more fierce.
Also in heated competition: Google and Yahoo. Today the latter unveiled a new web site for internet users in China. It's called Yisou, which translates as "number one search".
Listen to all newscast items
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The Commercial Space Race
If you were a kid in the 1960's, then you remember the thrill of the government's early attempts to put an American in space. Today, another milestone. This time, above California's Mojave desert. A rocket-plane called SpaceShip One - a project organized by aviation innovator Burt Rutan - soared above the earth's atmosphere with a civilian at the controls.
Q + A: Host David Brown with Mike Dornheim
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 Disco Science - Mirwais
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Giving to Charity on the Rise
Another sign Americans have more discretionary income: a study out today shows that in 2003, charitable giving jumped by the highest rate in three years.
Reporter: Rachel Dornhelm
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Tears from the Moon (Robbie Rivera Mix) - Conjure One
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...But so are Charity Investigations
Despite the jump in donations, there's a good bit of lost time to make up for. Scandals involving the United Way, the Red Cross, and the Nature Conservancy have shaken many donors' confidence in some of the best known charities in the country.
Reporter: Steve Henn
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When I Come Around - The Coctails
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Russian Capitalism at Risk?
The Russian Government's long battle with the Yukos oil company took another turn today. The Finance Minister offered what looked like an olive branch. He said the Kremlin did not want to drive Yukos into bankruptcy. Could have fooled a lot of folks. Russia's biggest oil company still faces a multi-billion dollar tax bill.
Reporter: Stephen Beard
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Deja Vu - Yesterday's New Quintet
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Did You Say Knitting? No, Really, Knitting?
For many people, a hobby can become a sort of obsession. You think about it while you're at work, you fill a bookshelf with instructional tomes, you shop for the latest, most expensive, absolute best accessories. Our commentator has an obsession like that. It's knitting.
Commentator: Sandra Tsing Loh
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Coming up on Marketplace...
How do you go about selling a state of mind?
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<< - Back to 06/18 Newscast
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