Mid-day Update - Most Recent
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.
Jul 3, 2012
The London-based financial services giant Barclays is accused of rigging the level of a key interest rate; now both is chairman of the board and CEO Bob Diamond are stepping down. A group of former bank regulators, company CEOs and U.S. senators is trying to make some waves in Washington this election year. GlaxoSmithKline, the huge British drug-maker, will pay $3 billion in fines and compensation to the U.S. government and the states for pushing doctors to prescribe drugs for uses that weren't approved by the FDA. And in many towns in America this Fourth of July, fear of forest fires is leading to cancelled fireworks displays.
Jul 2, 2012
In Mexico, Enrique Pena Nieto of Institutional Revolutionary Party has taken the presidency. He inherits an economy that's on the upswing, and there are even indications that more of those "Made in China" items Americans buy may soon say "Made in Mexico" instead. Wild storms across much of the U.S. have left sweltering heat and massive power outages in their wake, and one of the casualties has been the Internet. And now that it's July, new regulations are in for for-profit colleges and other vocational programs.
Jun 29, 2012
Yesterday's health care ruling is being hailed as good news for people without health insurance. But more than 80 percent of Americans do have health insurance, and more than 55 percent of us get it through our employer. On Sunday, voters in Mexico will go to the polls to elect a new president and a lot of U.S. companies that do business south of the border will be watching very closely. And there's a big EU summit going on in Brussels and it appears leaders have come up with an agreement that may help ease the debt crisis -- at least somewhat.
Jun 28, 2012
Today, the U.S. Supreme Court ruled on health care. We speak to former U.S. Senate Majority Leader Tom Daschle on how the decision will change the course of the country -- one way or another. Thirty million uninsured Americans have a stake in the ruling, and so do all 50 states. And in tonight's NBA draft, potential draftees have been learning how to present themselves in the business world to help their chances.
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.