Marketplace Morning Report for Friday, May 10, 2013
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Finance ministers and central bankers from the Group of 7 big economic powers, including the U.S., gather in London today for informal talks about global economic recovery. Germany's finance chief is in for a roasting over the hot topic of austerity. Speaking of global economic indicators, Luxembourg's ArcelorMittal, the world's biggest steel company, reported profits were down in the first quarter of 2013. And, amid the debate over immigration, consider the following. People who were born in one country, but move somewhere else have an estimated $400 billion in savings -- putting them in the position to lend money to their motherlands.
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The federal government will post a surplus for April 2013. The CEO of online retail giant Alibaba says he's too old for the job at 48. And, Obamacare's PR push is gearing up for prime time.
Posted In: Economy, budget, surplus
Pinch yourself. You're not dreaming.
Posted In: ATM, Crime, cybercrime
A band of thieves working across two dozen countries has made off with $45 million. The caper reveals serious vulnerabilities in the banking system
Posted In: bonds, emigration, Immigration
Emigrants are estimated to have $400 billion in savings, and some are investing the money at home.
Posted In: NASA, space exploration
NASA engineer Adam Steltzner, who navigated the landing of the Mars Curiosity Rover, talks the future of human space exploration.
Posted In: steel, Europe
European steel giant ArcelorMittal announces its quarterly results today at a time when the global steel industry faces substantial challenges.