Marketplace: Monday, July 12, 2004

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A look at today's markets (closing numbers)
DOW 25.00 (.24%) ; NASDAQ 9.41 (.48%) ; S&P 500 1.54 (.14%)

Newscast It's over. Just as the sex discrimination suit against Morgan Stanley was set to get underway in earnest on this July 12th, the investment bank cried uncle. The deal is for $54 million - plus a promise to shape things up. Advanced Micro Devices. Texas Instruments. Applied Materials. Intel. These companies were among the most actively traded today. And why? It has more than a little to do with a major investment bank revising its recommendation on the global semiconductor business - including a downgrade for the world's largest chipmaker. It's a noun! It's a verb! It's listed on the Nasdaq!...or it will be soon. Today word that Google has applied to list its stock on the tech-heavy Nasdaq, once Google goes public. Today the Agriculture Secretary announced a plan to get rid of Clinton-era regulations against logging in national forests. Under the proposal to be published in the federal register this week, millions of acres would be opened up to logging -- unless state governors petition the federal government to block the construction of roads needed for logging operations. Listen to all newscast items

Features Enron, Politics, and Tom DeLay As the Enron CFO's wife, Lea Fastow enters prison today, another inquiry has opened into the failed energy giant. Newly revealed documents show that Enron made significant contributions to a campaign to redistrict Texas congressional seats orchestrated by House Majority Leader Tom DeLay – possibly against Texas campaign laws. Host David Brown talks to Washington Post reporter R. Jeffrey Smith about the story. Q + A: David Brown, with R. Jeffrey Smith Related Story: Enron papers detail DeLay’s fundraising Soldier Girl - Polyphonic Spree Support Marketplace: Purchase this music from Public Radio MusicSource The Outfoxing ... of Fox News? A documentary fashioned in the spirit of Michael Moore and funded by two liberal groups is ready for the big screen. Only the big screen may not be ready for the film. Despite the commercial success of Fahrenheit 911, even the director of this new movie doubts it will get a big theatrical release. Reporter: Lisa Napoli Related Story: Film accuses Fox of slanting the news Paper in My Shoe - Michelle Shocked Support Marketplace: Purchase this music from Public Radio MusicSource Looking for Work? Go East. Actually, Go to India. Sure, the summer brings temperatures in the hundred degree range, but that's not what they mean when they say India is getting hot. U.S. corporations outsourcing business have made India a prime destination for jobs...and, as it turns out-- for many American students looking for a job. Reporter: Jessica Smith Related Story: India Woos U.S. Biotech Companies Rollout - Ludacris Support Marketplace: Purchase this music from Public Radio MusicSource "Do I have to go to the Convention? It's in Boston..." The Democratic National Convention is just two weeks away. We read today that Boston city officials are denying requests from Boston bar and nightclub owners to keep the taps flowing past their typical 2:00 A.M. curfew. Looks like the 5000 delegates and some 30,000 journalists, pundits, foreign dignitaries, and other hangers-on expected to flood into town will be getting to bed relatively early. That is, if they can find a bed. Reporter: Helen Palmer Related Story: City eyes DNC refugees Seventh Heaven - L. Subramaniam Support Marketplace: Purchase this music from Public Radio MusicSource ... Will Boston Lose Big with the DNC? Boston's gridlock during the Democratic Convention is expected to be epic and costly. It's a lot more than Bostonians bargained for - namely a pot of gold. Our commentator says, "Let's call the whole thing off." Commentator: Beth Teitell Related Story: Police Prepare For DNC Protesters The Great London Traffic Warden Massacre - Morcheeba Support Marketplace: Purchase this music from Public Radio MusicSource

Coming up on Marketplace... A Policeman's Salary ...