Audible

Marketplace: Wednesday, July 7, 2004

Listen (entire show) | how to listen | sign up for newsletter | order transcript

A look at today's markets (closing numbers)
DOW 20.95 (.21%) ; NASDAQ 2.65 (.13%) ; S&P 500 2.12 (.19%)

Newscast

  • The former chairman of Enron has been indicted on charges related to the 2001 collapse of the U.S. energy company. We should note that the indictment has been sealed...we don't yet have specifics..but published reports say it could be insealed tomorrow. The Wall Street Journal online reports the Securites and Exchange commission will file civil charges tomorrow accusing Kenneth Lay of, among other things, fraud and insider trading.

    Listen to all newscast items

  • Features
    Pfizer Discounts its Drugs
    The big pharmaceutical companies have taken a lot of heat for the high prices they command for drugs here in the U.S. Today, the world's largest drug company announced it would sharply cut the cost of its meds for the uninsured. Pfizer says some low-income patients and seniors will pay as little as $15 per prescription for drugs like Lipitor, and even Viagra.
    Reporter: Helen Palmer
    Related Story: Governor applauds Pfizer, urges other companies to follow suit
    Clocks - Coldplay
    Support Marketplace: Purchase this music from Public Radio MusicSource
    Did Shell Oil Play a Shell Game with Fuel?
    A quick check of the law of supply and demand suggests that if demand is constant, but supply is cut, prices go up. Armed with knowledge of this law, and a few antitrust laws on the books, federal investigators today announced a formal investigation of Shell Oil. The Feds want to know whether it closed a refinery to keep supplies tight and prices high.
    Reporter: Lisa Napoli
    Related Story: U.S. Probing Plan to Shut Shell California Refinery
    Use Your Brain - The Dirty Dozen Brass Band
    Remind me ... What is a 527?
    You've heard of the McCain-Feingold campaign finance reforms. They went into effect this election cycle, and they were supposed to crack down on so-called "soft money." Broadly speaking were talking about unregulated campaign contributions. Some say the reforms didn't make the soft money go away - the money's just been shuffled around... Take the recent decision by the Federal Election Commission. It allowed independent political groups known as "five-twenty-sevens" to keep raising and spending unlimited funds, right on up to the election. Since the ruling, Republicans have been playing catch-up. Many of the more established 527's were liberal groups like Move On.org. There's an exception--a conservative 527 that's been around for years.
    Reporter: Amy Scott
    Related Story: `527' Groups Gain Political Clout
    The Shy Retirer - Arab Strap
    Support Marketplace: Purchase this music from Public Radio MusicSource
    SEC Probing Mutual Funds
    The Securities and Exchange Commission has widened its investigation into mutual funds to include those held by millions of Americans in retirement accounts. The SEC said that it had asked two dozen mutual fund companies to provide details about payments they may make to ensure that their funds are included in corporate 401(k) plans.
    Q + A: David Brown with Bob Moon
    Related Story: SEC Probes How Mutual Funds Offer Retirement Plans
    Go! - Tones on Tail
    Support Marketplace: Purchase this music from Public Radio MusicSource
    Tourism and Terror - A Winning Combination?
    Iraq's interim prime minister signed a tough new law today. It allows him to declare emergency rule, impose curfews and freeze assets of suspected insurgents. As if to underscore Iraq's security problems, a gunfight erupted today in central Baghdad. Iraq has become synonymous with danger and violence. Which makes the emergence of one new industry all the more surprising.
    Reporter: Adam Davidson
    Related Story: War tourism booming
    Coming up on Marketplace...
    Technology for the typical luddite.

    << - Back to 07/06 Newscast

     

    American Public Media