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Marketplace: Friday, July 16, 2004
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A look at today's markets (closing numbers)
DOW 23.38 (.23%) ;
NASDAQ 29.56 (1.55%) ;
S&P 500 5.30 (.48%)
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Newscast
On this July 16th, Martha Stewart was sentenced to 5 months in prison for lying about a stock sale. She'll do an additional 5 months in home confinement. And pay a $30,000 fine. But for the time being she's free as she appeals the sentence. Stewart asked for leniency, and in the view of prosecutors, she got it.
Wall Street's reaction seems to affirm the results of a new survey. Harris Interactive polled more than 400 executives at some of the world's most prominent multinational corporations. Only three percent believe corporate malfeasance is a serious threat to revenues. After a season of scandal in which corporate captains were demonized for their cheatin' ways.
Pittsburgh based PNC announced it is buying Washington DC's Riggs Bank. The price: about $780 million in stock and cash. We wouldn't ordinarily take the time to note a transaction of that size. Then again, Riggs is no ordinary bank.
Listen to all newscast items
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| Features
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"Truckin', I'm a goin' home..."
How long can a trucker keep on trucking? The answer to that riddle is up to the Department of Transportation. Just last December, the DOT changed the rules. It said commercial truck drivers could stay on the road for up to 11 straight hours. Today, a federal court put the brakes on. It looks like both truckers and safety advocates are pleased with the ruling -- but for very different reasons. Editor's Correction: One of the experts in this report was mistakenly identified as Judy Claybrook. Her name is Joan Claybrook.
Reporter: Rachel Dornhelm
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 Christmas Eve - Gorky's Zygotic Mynci
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The Week on Wall Street....
Marketplace talks with our business analyst David Johnson, about the week on Wall Street, and what is expected in the week ahead...
Q + A: David Brown, with David Johnson
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White Freight Liner Blues - Steve Earle
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Mongolia, U.S. to Strengthen Ties and Trade
Against the backdrop of news that the Philippines would pull its troops out of Iraq, President Bush met with the President of Mongolia this week. Mr. Bush thanked his Mongolian counterpart for sending 90 peacekeepers to Iraq -that's almost twice the number the Philippines plans to withdraw to obtain the release of a hostage. But this is a very small prism through which to view this relationship. After years under communism, Mongolia has gone 'free market.' Now its President is lobbying Washington for a free trade deal.
Reporter: Jocelyn Ford
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Xpander - Sasha
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Tattoos and the Mainstream
Driving around L.A. this week, the signs have been hard to miss. "Tattoo Expo"... Organizers expect 50,000 Angelenos to head out to the county fairgrounds this weekend. For twenty bucks a pop they can watch other people get tattoos, or pay a little more to add to their own personal collections. It's a business that's grown from a fad into something that's as permanent as ... a tattoo.
Reporter: Lisa Napoli
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Tattoo - Faster Pussycat
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Coming up on Marketplace...
Vegas goes to Beijing
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