Marketplace Morning Report for Friday, June 22, 2012

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The credit rating agency Moody's slashed the ratings of 15 of the world's biggest financial institutions yesterday -- including Citigroup, Bank of America, Barclay's and Credit Suisse. Mitt Romney is in Park City, Utah this weekend hosting an event for some of his biggest donors. The presidential hopeful is reportedly on track to raise $100 million this month, which could be more than President Obama raises. And Congressman Howard Berman explains why he is trying to change federal law to limit helicopter noise in residential neighborhoods of Southern California.

Putting limits on helicopter noise

According to Democratic Congressman Howard Berman, helicopter noise in Southern California is getting way too loud and frequent, and that's why he's pushing for new federal regulations.
Posted In: california, helicopter, legislation

Moody's cuts ratings of major international banks

Moody's has downgraded the credit ratings of 15 banks in Europe and North America -- that continues to rattle markets in Asia and Europe today so far.
Posted In: Moody's, downgrade, banking

Dishonesty in the financial world

From Rajat Gupta to Greek taxpayers, it seems dishonesty is increasingly a problem in the economic world. We hear from psychologist Dan Ariely as to why that is, and what can be done about it.
Posted In: Rajat Gupta, Greece

Taxing the use of Internet Explorer 7

Do you constantly ignore that pop up message telling you to update your web browser? An online retailer in Australia plans to put a kind of tax on customers who shop using outdated browsers.
Posted In: Australia, technology, browsers, internet explorer

Grammar deteriorating in the workplace

The most popular item this week on the Wall Street Journal's web site: a column on our deteriorating grammar at the office.
Posted In: workplace

Moody's downgrades: European or global problem?

Global markets are down about a percent this morning after the rating agency Moody's downgraded the credit ratings of 15 of the largest banks in the world. Among them, European institutions -- but also big American banks like JP Morgan Chase and Bank of America.
Posted In: JP Morgan, banking, Moody's, downgrades

After Moody's downgrade, will banks need bailouts?

After U.S. markets closed yesterday, the rating agency Moody's delivered more bad news -- this time to 15 of the world's largest banks, including the biggest American banks. The fine print of the downgrade hints at more bank bailouts down the road.
Posted In: Moody's, banking, bailout

Moody's downgrade 'for the banks' own good'

The credit rating agency Moody's slashed the ratings of 15 of the world's biggest banks, including most of the big guys here in the U.S.
Posted In: markets, banking, downgrades

After NBA finals, will Heat do a cooldown?

The Miami Heat, in five games, won the NBA championship last night by... a lot. From a strictly business point of view -- what now?
Posted In: basketball, Heat, NBA, Miami

PODCAST: Major banks downgraded, the Heat take it home

The credit rating agency Moody's slashed the ratings of 15 of the world's biggest financial institutions yesterday -- including Citigroup, Bank of America, Barclay's and Credit Suisse. Mitt Romney is in Park City, Utah this weekend hosting an event for some of his biggest donors. The presidential hopeful is reportedly on track to raise $100 million this month, which could be more than President Obama raises. And Congressman Howard Berman explains why he is trying to change federal law to limit helicopter noise in residential neighborhoods of Southern California.

China, Brazil forge currency swap deal

With consumer demand still sluggish in the U.S. and Europe, China is looking elsewhere for new customers to places like Brazil. In fact, this week China and Brazil agreed to a landmark deal that avoids using the U.S. dollar.
Posted In: reserve currency, China, brazil, yuan

Romney hosts mega donors at Utah retreat

More than 100 of presumptive Republican presidential nominee Mitt Romney's top donors will join him this weekend, a sign that big-money donors -- not the small donors that propelled Barack Obama to victory in 2008 -- may be the difference-makers in this election.
Posted In: presidential candidates, fundraising, Mitt Romney, Barack Obama

More capacity, more extra fees lift cruise industry

The cruise business is emerging from the down economy thanks to lower fuel prices, bigger boats and more fees for perks like alcohol and excursions.
Posted In: vacation, cruise, Travel

Tesla Motors introduces all-electric sedan

Sales of the new Model S sedan could make or break the electric car company.
Posted In: tesla, electric cars

Defining 'pre-existing conditions'

The Supreme Court is about to announces its decision on the health care reform law, which includes guaranteed coverage for people with pre-existing medical conditions. But what exactly counts as one?
Posted In: health care reform law, pre-existing conditions

Moody's downgrades 15 major banks

The credit rating agency Moody's slashed the ratings of 15 of the world's biggest financial institutions, including Citigroup and Bank of America here in the U.S. and Barclays and Credit Suisse in Europe.
Posted In: banking, Moody's, downgrade

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The Sparrow Looks Up At The Machine
The Flaming Lips
Run, Alive, Run
Felix Laband
Pleasuretime
Afrolicious