Apr 27, 2012

Marketplace Morning Report for Friday, April 27, 2012

Billionaire businessman Sir Richard Branson, the chairman of Virgin Group, was in Washington yesterday for a forum hosted by
Secretary of State Hillary Clinton on how businesses can help solve the world's problems. But why has he been able to succeed on a platform of "screw business and usual." Samsung reported record quarterly profits today, driven in big part by sales of is smartphones. So should global smartphone leader Apple be worried? And later today, Marketplace's Kai Ryssdal sits down with Treasury Secretary Timothy Geithner to talk recession and recovery.

Segments From this episode

South L.A. 20 years later

Staying put in South L.A.

by Mitchell Hartman

Apr 27, 2012

Some middle-class blacks have left the area, but Bernadette Moore still lives and works there.

Mid-day Update

Sir Richard Branson: The full interview

by Jeremy Hobson

Apr 27, 2012

Jeremy Hobson talks with Sir Richard Branson about the airline industry, trains in the U.K and the U.S., and how business leaders can help to solve many of the world's problems.

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The Geithner Interviews

Geithner: 'Relatively comfortable' on Europe, China relationship improving

by Jeremy Hobson

Apr 27, 2012

In excerpts from Kai Ryssdal's interview with Timothy Geithner, the Treasury Secretary says the U.S. will withstand pressures from Europe's financial crisis, and that our economic relationship with China is "getting better."

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Mid-day Update

PODCAST: Richard Branson on business, a preview of Timothy Geithner on the economy

by Mary Dooe

Apr 27, 2012

Billionaire businessman Sir Richard Branson, the chairman of Virgin Group, was in Washington yesterday for a forum hosted by Secretary of State Hillary Clinton on how businesses can help solve the world's problems. But why has he been able to succeed on a platform of "screw business and usual." Samsung reported record quarterly profits today, driven in big part by sales of is smartphones. So should global smartphone leader Apple be worried? And later today, Marketplace's Kai Ryssdal sits down with Treasury Secretary Timothy Geithner to talk recession and recovery.

Sir Richard Branson poses to celebrate Virgin Money's Birthday in Australia on July 7, 2011 in Sydney, Australia.

Lisa Maree Williams/Getty Images

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New push for public banks

by John Dimsdale

Apr 27, 2012

They are already in North Dakota and Chicago. Now there's a move to get more state and local governments to use them instead of big private banks.

Sir Richard Branson on solving the world's tough problems

by Jeremy Hobson

Apr 27, 2012

Billionaire businessman Sir Richard Branson the chairman of Virgin Group was in Washington yesterday for a forum hosted by Secretary of State Hillary Clinton on how businesses can help solve the world's problems.

Being No. 2 could be Samsung's advantage

by Queena Kim

Apr 27, 2012

Samsung reports profits today, and while many people don’t know it, Samsung is Apple’s No. 1 competitor when it comes to the cell phone and tablet space. But the company approaches the business in a very different way than Apple.

Betsey Johnson files for bankruptcy

by Nancy Marshall-Genzer

Apr 27, 2012

The fashion designer Betsey Johnson has filed for bankruptcy protection. Dozens of the fashion designers' stores will close, and hundred of employees will be laid off.

Billionaire businessman Sir Richard Branson, the chairman of Virgin Group, was in Washington yesterday for a forum hosted by
Secretary of State Hillary Clinton on how businesses can help solve the world’s problems. But why has he been able to succeed on a platform of “screw business and usual.” Samsung reported record quarterly profits today, driven in big part by sales of is smartphones. So should global smartphone leader Apple be worried? And later today, Marketplace’s Kai Ryssdal sits down with Treasury Secretary Timothy Geithner to talk recession and recovery.