Marketplace Morning Report for Friday August 8, 2014
Malaysia Airlines has lost two airliners this year with 537 people gone. The company's been burning through its cash and now the Malaysian government is stepping in ahead of some kind of restructuring. Plus, the broadcast TV network with the most viewers these days is CBS, which revealed better than expected profits after the market closed yesterday. CBS has the NCIS franchise, Big Bang Theory and all of the Showtime cable channels. We're now most-of-the-way through corporate-earnings season for the second quarter now, with Bloomberg News calculating that profits at S&P 500 companies will be up around 9-and-a-half percent. More on what this growth means. Also, the Obama Administration is forcing states to cut greenhouse-gas emissions from power plants. The rules, which came out in June, leave some states with tougher assignments than others. For instance, Kentucky's targets for cutting emissions seem comparatively lenient. But Kentucky relies almost exclusively on coal to make electricity, and that presents a special challenge.
Malaysia Airlines has lost two airliners this year with 537 people gone. The company’s been burning through its cash and now the Malaysian government is stepping in ahead of some kind of restructuring. Plus, the broadcast TV network with the most viewers these days is CBS, which revealed better than expected profits after the market closed yesterday. CBS has the NCIS franchise, Big Bang Theory and all of the Showtime cable channels. We’re now most-of-the-way through corporate-earnings season for the second quarter now, with Bloomberg News calculating that profits at S&P 500 companies will be up around 9-and-a-half percent. More on what this growth means. Also, the Obama Administration is forcing states to cut greenhouse-gas emissions from power plants. The rules, which came out in June, leave some states with tougher assignments than others. For instance, Kentucky’s targets for cutting emissions seem comparatively lenient. But Kentucky relies almost exclusively on coal to make electricity, and that presents a special challenge.
