Marketplace Morning Report for Friday, July 27, 2012

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Episode Description 
The London Olympics begin today, and the eleven big corporate sponsors of the event will begin to bask in the global limelight. All that basking doesn't come cheap: All together, the sponsors have shelled out more than a billion dollars. Computer Hackers took over Las Vegas this week, as part of the Black Hat conference -- a gathering of hackers where they talk about the latest in security and security breaches. And after several years of sluggish advertising, the glossies have just posted ad sales for their all important September issues and the numbers are looking fat. With 658 pages of ads, it will be Vogue's thickest September issue since the financial crisis.

GDP growth beats expectations, still slow

Four times a year, the U.S. Department of Commerce serves up the big number that tells us how much we are producing as a country. U.S. second quarter GDP grew more than economists had expected. That doesn't make it good.
Posted In: GDP, growth, construction

PODCAST: London Olympics takes off, GDP growth slows

The London Olympics begin today, and the eleven big corporate sponsors of the event will begin to bask in the global limelight. All that basking doesn't come cheap: All together, the sponsors have shelled out more than a billion dollars. Computer Hackers took over Las Vegas this week, as part of the Black Hat conference -- a gathering of hackers where they talk about the latest in security and security breaches. And after several years of sluggish advertising, the glossies have just posted ad sales for their all important September issues and the numbers are looking fat. With 658 pages of ads, it will be Vogue's thickest September issue since the financial crisis.

Why companies take political, social stands

There's a lot of buzz this morning about Amazon.com CEO Jeff Bezos's decision to give $2.5 million to support a referendum that would legalize same-sex marriage. Meanwhile, Southern politicians have declared next Wednesday "Chick-Fil-A Appreciation Day" after the fast-food chain's president emphatically declared his opposition to gay marriage.
Posted In: Chick-fil-A, gay marriage, Amazon

GDP growth slows to 1.5%

The Commerce Department announced Gross Domestic Product ticked up 1.5 percent in the second quarter. That's down from a growth rate of 2 percent in the first part of the year.
Posted In: GDP, Earnings

Commerce Department releases GDP numbers

The Commerce Department just announced Gross Domestic Product ticked up 1.5 percent in the second quarter -- that down from a growth rate of 2 percent in the first part of the year.
Posted In: GDP

Airlines report profits as airfares remain high

If you are one of the brave souls traveling this summer you've surely noticed that airfares are soaring. And most of the major airlines are reporting healthy profits.
Posted In: airline prices, airline industry

Facebook reports slowdown in revenue growth

A lot of the earnings reports we've seen so far this week have been disappointing, including Facebook.
Posted In: Facebook, Earnings, revenue

Vogue weighs in, literally, with September issue

Vogue's September issue has 658 pages of advertisements. What makes this fashion staple the Super Bowl of magazine editions?
Posted In: Vogue, fashion, magazine, advertising

Computer hackers gather at Las Vegas convention

Computer hackers took over Las Vegas this week as part of the Black Hat conference. Black Hat is a gathering of hackers where they talk about the latest in security and security breaches.
Posted In: hackers, hacking, conventions, cybersecurity

Violence shakes Anaheim -- and its image

Police shooting, protests highlight poverty in Disneyland's hometown.
Posted In: Anaheim, disney, violence

Kevin Smith: A new kind of digital media mogul

Filmmaker Kevin Smith discusses his new Hulu podcast, "Spoilers," and how he found success in his new career of podcasting online.
Posted In: Kevin Smith, podcast, podcasting

Sponsors-only zone at London Olympic zone irks some

Only sponsoring companies may advertise within 1 kilometer of London’s Olympic Park. Strict policing of the restriction is angering some local firms.
Posted In: London Olympics, Olympics 2012

California Gov. Jerry Brown advocates for high-speed rail

The governor of the cash-strapped state recently signed a $8 million transportation bill. Watchers say it'll be a way for him to leave a lasting legacy.
Posted In: Jerry Brown, high speed rail, california

Music from this show

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Shoots
Copy
Cannibal Courtship
Cannibal Courtship
Dengue Fever
Radiance/Who's Really Listening?
Edgar
Modeselektor

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