Marketplace Morning Report for Friday, January 13, 2012

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Apple tries to launch its latest iPhone 4S in mainland China to disastrous results. As cash-strapped local and state governments look to raise more money, many are moving toward privatizing things that used to be public -- but is that a good thing? And the University of Connecticut said this week that one of its scientists falsified data in a new study about red wine that claimed the drink slows the aging process.

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Apple store egged in China after iPhone 4S release delay

Does the chaos surrounding today's release mean that Apple is underestimating its popularity in China?
Posted In: China, iphone 4S, apple

ECB lending plan helping Europe so far

In Italy, the government was easily able to borrow $4 billion to pay for spending over the next three years. And the head of the European Central Bank says it is evidence that the new European bailout is paying off.
Posted In: Europe debt crisis, Eurozone

Penn State alumni speak out at meetings

In many ways, the former Penn State students who attend town hall meetings regarding the sex abuse scandal that erupted there resemble unhappy shareholders.
Posted In: Penn State, football

Chase earnings signal downturn for financial services

J.P. Morgan Chase reported its earnings were down 23 percent today. What does this mean for the rest of the big banks?
Posted In: bank, Earnings, J.P. Morgan Chase

Do private equity firms go too far?

Mitt Romney has received criticism for his time at Bain Capital. What does Bain, and similar private equity firms, really do?
Posted In: private equity, Mitt Romney

PODCAST: A government slim down

Apple tries to launch its latest iPhone 4S in mainland China to disastrous results. As cash-strapped local and state governments look to raise more money, many are moving toward privatizing things that used to be public -- but is that a good thing? And the University of Connecticut said this week that one of its scientists falsified data in a new study about red wine that claimed the drink slows the aging process.

Obama to propose plan for leaner government

Later this morning President Obama is expected to outline a new plan to shrink government. He's going to ask Congress to give him the authority to merge some departments and agencies.
Posted In: politics, Washington D.C., Barack Obama, government spending

Obama seeks power from Congress to merge agencies

This morning, President Obama will announce that he plans to cut back on government spending by merging a number of government agencies. Will Congress agree to fork over the power?
Posted In: politics, Washington D.C., Barack Obama

Banks drive customers away

Consumers are hit with new fees at the same time banks reach out to attract new customers.
Posted In: Banks

Is wine actually good for your health?

The unmasking of fraud by a leading researcher on the health benefits of wine has called into question the entire body of knowledge about the fermented grape.
Posted In: wine, Health

The move towards privatization

As cash-strapped local and state governments look to raise more money, many are moving toward privatizing things that used to be public. Is it a good decision?
Posted In: privatization, state government, local government

Apple's iPhone 4S release postponed in China

Stores in Beijing and Shanghai were supposed to release the Apple iPhone 4S today, but crowds swelled to unmanageable levels.
Posted In: China, apple, iphone 4S

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Above The Clouds
Little People
Selector
Mark Ronson & The Business Intl
Artists' Valley
Bibio