Mid-day Update - Most Recent
Jul 17, 2012
Yahoo has its fifth CEO in five years. This time around, the company has selected a woman named Marissa Mayer, who has spent the last 13 years as an executive at Google. The ailing tech company reports earnings today, as does another big tech company, Intel. And the Hue-Man bookstore, the largest African-American bookstore in the country, will be close its doors at the end of this month, citing rising rents and a changing industry as primary factors.
Jul 16, 2012
Grocery stores and merchants of all kinds will be sorting through the fine print this morning following a major credit card settlement that was announced late Friday. Visa, Mastercard and some big banks agreed to pay $6.6 billion to end a fight over fees they charge retailers. Microsoft has called a mystery news conference today. And the speculation is that the company will unveil new features for its software suite Office 15. And under the assumption that the Affordable Care Act will go into full effect, Northern Arizona's community health centers are anticipating a jump in demand.
Jul 13, 2012
It's second-quarter earnings day for JPMorgan Chase. Profit number aside, many are focused on how big a trading loss the bank suffered from the so-called 'whale' in its London office. Europe's economic crisis is hammering the euro's value, but bad news for Europe is great for American travelers. And this weekend, Santa Fe, New Mexico, hosts the world's largest folk art market. Artisans from Afghanistan to Peru come to sell their crafts -- but they can also get business training to take them to the next level.
Jul 12, 2012
There are new figures out this morning about the number of foreclosures in the U.S. in the first half of this year, and they may shed some light on the so-far elusive housing recovery. For the past few years, China has had a much higher economic growth rates than we're seeing in the U.S., but when it releases its latest GDP figures tomorrow, forecasters are expecting the worst growth in three years. And another big warship, the USS Iowa, has opened for tourists in San Pedro, California. It's one of dozens of decommissioned ships that operate as museums around the country.
Jul 11, 2012
In Ceder Falls, Iowa, the brokerage firm Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code amid accusations from federal regulators that Peregrine misused customer funds. In Washington today, the House Agriculture Committee is set to take up the Farm Bill -- which sounds like legislation that's all about farming, but in fact about three-quarters of it goes to fund food stamps and other nutrition programs. And in today's Money Matters segment, we focus on the financial decisions that families face when caring for an elderly relative.
Jul 10, 2012
Tomorrow in London, there will be a major conference organized by the British government and the Bill and Melinda Gates Foundation that aims to bring the focus back to family planning. We speak to Melinda Gates on why it is such an important cause for her and the foundation. The struggling maker of BlackBerry smartphones holds its annual shareholders meeting today in the Canadian town of Waterloo. Shareholders are hoping to hear some reassuring news. And Pepsi gets into the yogurt business.
Jul 9, 2012
A new earnings season begins today, and all eyes will be on Alcoa, the big aluminum producer that is also a big bellwether for the rest of the economy. About 45,000 people in the U.S. will be pretty disappointed this morning when they try to go online and don't have an internet connection because of a cybercrime called "click fraud." And we speak to the director of a new documentary airing tonight on HBO about unemployment in an unexpected place: Long Island.
Jul 6, 2012
The June employment report from the Labor Department comes out today. But while today's numbers offer us a snapshot they won't give us the long-term trends -- one of which is shaped like a "U." Following last week's big Supreme Court ruling on health care, states like Florida, Louisiana and South Carolina have said they won't expand Medicaid programs. And Cyndi Lauper explains how she hopes to end LGBT youth homelessness.
Jul 5, 2012
The latest focus for Congressional Republicans is what they call the "onerous burdens" of Wall Street reform, as in the Dodd Frank regulatory overhaul of the financial sector. They say the new regulations are hurting small community banks far from Wall Street. Europe's tallest skyscraper, the Shard, is opening today on the south bank of the Thames River. And as we all recover from a long day of beaches, barbeques and fireworks, Marketplace economics correspondent Chris Farrell gives us a snapshot of American economic dependence through the years.
Jul 4, 2012
Happy Fourth of July! Independence Day is a big day for sales of American flags, but when it comes to sales of red, white, and blue, -- we're actually in the red. The so-called "living wills" of the nine largest U.S. banks are now available for viewing. And on the day when we celebrate American independence from Britain, an American, former Barclays CEO Bob Diamond, is about to be hauled before a British parliamentary committee after allegations the bank rigged a key interest rate.