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Marketplace Morning Report for Friday, July 26, 2013

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Episode Description 
It's the end of an era at Ford today. After 100 years of production in the U.K., the U.S. auto giant is closing its last vehicle assembly operation in Britain. Smartphone sales disappoint today at Samsung. And French workers strike for the right to work on Sundays.

PODCAST: The fine Halliburton can probably survive

Halliburton admits to destroying oil spill evidence. Second Avenue subway construction undermines NYC small businesses. And what's up with the sell-off of municipal bonds?

Halliburton admits to destroying oil spill evidence

Halliburton will pay a $200,000 penalty, but says it will not face any criminal prosecution for the act.
Posted In: Gulf oil spill, Halliburton, deepwater horizon

Is Samsung treading water until the Galaxy S5?

Even though Samsung is still growing , its profits likely won’t ease concerns the company is in a bit of trouble.
Posted In: samsung, apple, smartphones, mobile

How Facebook plans to takeover the developing world

Facebook wants to be the Internet portal for mobile users. Those users won't likely have smartphones -- instead flip phones and text messages will connect them to the web.
Posted In: Facebook, developing countries, mobile, mobile apps

Channeling Nikola Tesla's electric currents today

The inventor has been cast as Thomas Edison's more magical nemesis and contemporary -- and he's currently being celebrated at the New York Hall of Science.
Posted In: inventions, electricity, New York City

Ford shuts down last UK assembly plant

After a hundred years of production in the U.K., the U.S. auto giant is closing its last vehicle assembly operation in Britain.
Posted In: Ford, Britain, Auto, Europe, manufacturing

French workers strike for the right to work on Sundays

As France is weighed down with economic trouble, a new group of employees from two large hardware store chains is demanding to work more.
Posted In: France, strike, labor

Second Avenue subway construction undermines NYC small businesses

New York has waited nearly a hundred years for a second subway line on the east side of Manhattan. But protracted construction is hard on small businesses along the route.
Posted In: New York City, New York, subway, manhattan

Student loan interest rate capped at 8.25%

The compromise approved by the Senate puts a ceiling on the interest rates for undergraduate student loans.
Posted In: student loans, interest rates, higher education, student debt