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Marketplace Morning Report for Friday, May 23, 2008

Episode Description 
Marketplace Morning Report for Friday, May 23, 2008

The Gap between losses and profits

Gap reported sales were down for the 15th straight quarter, but profits are up 40 percent. Janet Babin reports why the company made money, why it's bleeding customers and what it could do to turn things around.
Posted In: Retail

Why aren't oil execs drilling in the U.S.?

This week, oil executives have been telling Congress they can't drill in the U.S. because their hands are tied. But Bob Moon reports the same execs have been making excuses not to use existing permits for domestic drilling.

Non-hybrid Axon takes on Prius

The makers of Britain's Axon claim the car can get over 80 mpg, it has lower carbon emissions and a cheaper price tag than Toyota's Prius. And it's not a hybrid. Stephen Beard explores the secrets to the car's efficiency.
Posted In: Auto

Car costs up, car sales down

A new study says one million fewer cars will be sold this year. Higher commodity prices are also making it more expensive for automakers to make cars. Jill Barshay reports the result could be vehicles made with less materials.
Posted In: Auto

The trouble with NBA's one-and-done

The NBA's one-and-done rule forbids drafting picks straight from high school before they do a year of college. Renita Jablonski talks to sports writer Donnell Alexander about problems arising from the rule.
Posted In: Education, Sports

Why not tap more oil fields?

Many of the world's oil fields are aging and need more investment, or we risk a global supply shortage. But why aren't those fields getting enough investment? Scott Jagow asks reporter Carola Hoyos, who covers the oil industry.
Posted In: Science

A degree in doing church business

Running a church can be like maintaining a small business. To keep clergy prepared, some universities have been offering MBA-like programs in church management. Jill Barshay has more.
Posted In: Education

Iran, Venezuela in joint bank venture

Iran and Venezuela are teaming up to launch a development bank, further cementing the countries' political alliance. Dan Grech reports what the two countries have in common despite different views.