Marketplace Morning Report for Friday, July 17, 2011

Episode Description 
Marketplace Morning Report for Friday, July 17, 2011

Clorox, meet your activist investor

Billionaire investor Carl Icahn has offered to buy Clorox for $10 billion, which would give him a major say in the company's fiscal operations.
Posted In: Retail

Wall Street's counter intuitive reaction to the debt talks

Chris Low, chief economist with FTN Financial, explains why investors aren't scared of U.S. debt despite real worries of a default.
Posted In: Wall Street

Wall Street versus Main Street reaction to debt ceiling debate

Jill Schlesinger, editor-at-large at CBS/MoneyWatch, says people are reacting differently to this week's debt talks, and looks ahead to what could happen should politicians fail to settle the debates.

Italy to approve budget cuts in record time

The Italian parliament is set to approve a slew of budget cuts totaling tens of billions of dollars today, just as lenders started panicking about a possible debt crisis. Economist John Wyse explains.

Rebekah Brooks resigns from Murdoch empire

Embattled News International executive and former News of the World editor Rebekah Brooks has resigned today, as the phone hacking scandal continues.
Posted In: Entertainment

Some American companies do better than others in China

Ford Motors and Yum! Brands are posting banner years in China, a sign that those American companies are delivering products that the Chinese people want.
Posted In: China

Debt talks: Are we ready for Plan C?

President Obama told lawmakers that "it's decision time" for the ongoing debt talks. But is there an actual deal within reach?

Orange juice prices near two-year high

Pestilence and mother nature damage orange crops in Florida and Brazil, raising juice prices to near their historic high.
Posted In: Agriculture

Harry Potter brand continues to conjure up money

The brand is reportedly worth $15 billion. But can it survive with no new books or movies planned?
Posted In: Entertainment

Congress to discuss oil pipeline rules

In the wake of the recent Exxon oil spill in the Yellowstone River and last year's BP spill, lawmakers will meet to dissect rules and decide on approving a new pipeline.
Posted In: Oil

Lufthansa to be first to use biofuel for daily flights

The airline will be testing using a bio-blend on one short route in Germany.
Posted In: Airlines

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The Airborne Toxic Event

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