Mid-day Update - Most Commented
Jun 27, 2012
Carmakers, power plants and oil companies are "considering their options" -- as they say -- after a Federal appeals court ruled yesterday that the Environmental Protection Agency can regulate greenhouse gas emissions. Best Buy's founder and largest shareholder, Richard Schulze, is reportedly talking to Wall Street banks about potentially turning it private. And today, thousands of would-be app entrepreneurs are descending on the developers' conference known as Google I/O in San Francisco to learn how to create a hit app on Google's Android operating system.
Jun 26, 2012
It's the anniversary of George H.W. Bush famous tax quote. The tiny island of Cyprus is the latest eurozone nation seeking a bailout. And News Corps is on the splits, according to The Wall Street Journal. All that and more in today's Mid-Day Update Podcast.
Jun 25, 2012
Egypt has a new president-elect, Mohamed Morsi, whose political party -- the Muslim Brotherhood -- was banned while former President Hosni Mubarak was in office. The board of the University of Virginia meets tomorrow to consider reinstating Teresa Sullivan to the presidency, after she was ousted a couple of weeks ago. And in the spirit of environmental conservation, the British government wants to put a price on nature.
Jun 22, 2012
The credit rating agency Moody's slashed the ratings of 15 of the world's biggest financial institutions yesterday -- including Citigroup, Bank of America, Barclay's and Credit Suisse. Mitt Romney is in Park City, Utah this weekend hosting an event for some of his biggest donors. The presidential hopeful is reportedly on track to raise $100 million this month, which could be more than President Obama raises. And Congressman Howard Berman explains why he is trying to change federal law to limit helicopter noise in residential neighborhoods of Southern California.
Jun 21, 2012
Chairman Ben Bernanke's announcement yesterday that the Federal Reserve will expand the Operation Twist monetary stimulus program has left markets and economists unimpressed. As our country still continues to recover from the recession, Marketplace's economics correspondent Chris Farrell comapres where we are now to previous economic low points. And at tonight's perfect storm -- the NBA finals matchup of the Heat and Thunder -- ticket prices are going through the roof.
Jun 20, 2012
The Fed will wrap up a meeting today in Washington, and experts are guessing that policymakers will launch more monetary stimulus to boost the economy. With austerity still the hot button word in Europe, here in the U.S., the Postal Service could be going the way of Greece if Congress doesn't pass a restructuring plan to close a multi-billion dollar budget gap. And why public transit riders aren't so happy about Apple's new operating system for iPhones and iPads.
Jun 19, 2012
Microsoft has unveiled its new tablet, called Surface. But will it be enough to compete with Apple and other tech giants? In a New York courtroom today, a famous Oklahoma City company called Kerr-McGee is being sued for $25 billion for environmental pollution. And speaking of the environment, tomorrow in Rio de Janeiro, the United Nations is holding a big conference on sustainable development.
Jun 18, 2012
After weeks of uncertainty, it appears as though Greece will be staying in the eurozone... at least for now: the pro-bailout, pro-austerity New Democracy party narrowly beat the anti-bailout Syriza party in yesterday's elections. Critics say President Obama's decision to allow undocumented immigrants to work legally will make the job market here in the U.S. even tougher. Look out for sunburns today, as some new federal rules for sunscreen products that were supposed to take effect won't actually be enforced until December. And what Microsoft is up against when it finally releases its new tablet.
Jun 15, 2012
This weekend Greece will hold crucial elections that may determine its future in the eurozone, we lay out the possible Monday morning scenarios. A barbershop quartet and the countries of the eurozone have much more in common than you think. Nokia puts giveaways to the test with free smartphones for first-year students at Seton Hall University. With few regulatory teeth, the new Consumer Financial Protection Bureau continues to carve out a role as the place people go to air financial grievances.
Jun 14, 2012
The World Bank's outgoing president, Robert Zoellick, says that four years after eurozone debt became a problem, the world is entering a new and more precarious phase of the crisis. Starboard Venture has a 5 percent stake in AOL and now it wants three seats on the board of directors. Ahead of what's billed as a major speech by Barack Obama in Cleveland, Democratic strategists want the president to change his message to acknowledge slow growth.