Marketplace Morning Report for Friday, November 23, 2012
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While you were eating that Turkey, two giant companies were inching ever closer to a $33 billion marriage. Glencore, the Swiss commodities trading firm, is trying to takeover a mining company called Xstrata. If you head out for some Black Friday shopping today, take a moment to think about where those products are made: Probably in a big warehouse somewhere. But the way that warehouse operates may be changing, with a greater focus on skilled workers and technology. Plus, why holiday food prices may be a bit higher than normal this December.
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Why Black Friday is shaping up to be a bit more lackluster than last year, your Christmas dinner could be a bit more expensive, and Mexico could soon be renaming itself.
Posted In: mortgage, underwater mortgage
The national foreclosure rate increased by more than 3 percent in October compared to the previous month. Some groups across the country are trying to change that by buying underwater mortgages and keeping families in their homes.
Posted In: Argentina, hedge funds
Argentina is probably not feeling very thankful this morning. It's still digesting a U.S. court ruling involving a decade-long debt fight.
Posted In: skechers, Walmart, low-wage workers, warehouse
Jobs are better, but fewer, as high-tech machines replace lower-skilled warehouse loaders and handlers
Posted In: fiscal cliff, Education, lobbyist
Education lobbyists make up the lion's share of groups pushing to avert the 'fiscal cliff.'