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Marketplace Morning Report for Friday, July 20, 2012

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Episode Description 
Two years after the Dodd-Frank Law was enacted, many in the banking sector are still grumbling about the change in regulation. How does that compare to when the rules change in another American pastime: Baseball? Schlumberger and Baker Hughes help big oil drill. But their business is softening as some drillers pull back due to the economic slowdown.

PODCAST: Baseball vs. banking, beer boom

Two years after the Dodd-Frank Law was enacted, many in the banking sector are still grumbling about the change in regulation. How does that compare to when the rules change in another American pastime: Baseball? Schlumberger and Baker Hughes help big oil drill. But their business is softening as some drillers pull back due to the economic slowdown.

Heineken bids on Southeast Asian brewer

Heineken has offered $6 billion to buy Asia Pacific Breweries, which makes Tiger beer. Their giant bid was meant to elbow out a play by a billionaire from Thailand and get a stronger hold on the Southeast Asian market.
Posted In: beverages, beer, emerging markets

U.S. drought could have global impact on food prices

As one of the world's biggest agricultural exporter, the drought in the U.S. could impact food prices worldwide. In recent years, high food prices have initiated destabilization of the Middle East as well as Haiti.
Posted In: drought, wheat prices, food costs

Viacom reaches deal with DirecTV

Jon Stewart, Spongebob and Jersey Shore are back on for DirectTV subscribers. Viacom had blacked out Comedy Central, Nickelodeon and 16 other channels during a contract dispute. So who lost, and who won?
Posted In: viacom, directv, cable, tv

Layoffs down despite tepid earnings growth

Several big American companies -- General Electric, Schlumberger, Microsoft -- reported weak earnings and quarterly losses today. The question is, are we due for another round of major layoffs?
Posted In: quarterly report, Earnings, layoffs

Heathrow border agents to strike day before Olympics

Fears are growing in London that the Olympics may not start smoothly. The union representing border agents at Heathrow airport is planning to go on strike a day before the ceremonies begin.
Posted In: Olympics 2012, London, Heathrow

The latest (old) scent for sale

You've of course heard of Old Spice. Well, here comes "Old Book."
Posted In: perfume

Microsoft vs. Google: A tale of two earnings reports

After the close on Wall Street yesterday, Microsoft announced its first quarterly loss ever. And Google announced a $2.8 billion profit for the quarter. Two very different situations -- but they might just share a theme.
Posted In: Microsoft, Google, mobile, Mergers and Acquisitions

Santa Monica business hurt by British expats departing

The Los Angeles suburb of Santa Monica is sometimes called "Little Britain." That's because of the number of British expats living there. But "Little Britain" is changing.
Posted In: British, expats, Santa Monica

Indian factory experiences dangerous worker riots

Employee riots at India's largest car-maker -- Maruti -- have burned down part of the factory, shut down the plant and killed a human resources manager.
Posted In: India, riots, carmakers, labor

When regulations change: From baseball to banking

Two years after the Dodd-Frank Law was enacted, many in the banking sector are still grumbling about the change in regulation. How does that compare to when the rules change in another American pastime: Baseball?
Posted In: baseball, regulation, Banks, Dodd-Frank law

Oil services firms get squeezed by slowdown

Schlumberger and Baker Hughes help big oil drill. But their business is softening as some drillers pull back due to the economic slowdown.
Posted In: Oil

Small business creating few jobs

Small businesses find it harder to get credit, so they create fewer jobs.
Posted In: Jobs, Unemployment, Small Business

Music from this show

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Changing
The Airborne Toxic Event
When the Robo B-Boys Just Kill It
The Polish Ambassador
Leave House
Caribou
Fast As You Can (Album Version)
Fiona Apple