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Marketplace Morning Report for Monday, April 9, 2012

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Episode Description 
China correspondent Rob Schmitz reveals what he found on his recent trip inside a Foxconn factory. Sony is reportedly set to cut 10,000 jobs; it's the first major move by its new CEO. Investors are urging British grocer Tesco to ditch its U.S. chain of Fresh & Easy stores. Stove Top stuffing is trying to woo consumers year-round. And Mike Huckabee launches his syndicated radio show today, bringing new competition to Rush Limbaugh.

British grocer Tesco urged to ditch Fresh & Easy

British supermarket company Tesco tried to expand into the U.S. under the Fresh & Easy brand. The effort has since proven fruitless. Investors are now pressuring Tesco to focus on the business back home.
Posted In: Tesco, Fresh & Easy, supermarket, grocery store

Sony to cut 10,000 jobs

The electronics company will be losing about 6 percent of its workforce. It's the first major move by Sony's new CEO.
Posted In: Sony

Low expectations for earnings season

Corporate earnings season is kicking off. Corporate profits have been the engine behind the stock market's recent rally, but there's worry on Wall Street that earnings are losing momentum.
Posted In: corporate profits

China sets up rare earths industry association

China -- which controls 90 percent of the rare earths market -- looks to finally consolidate and streamline the sector there.
Posted In: China, rare earths

Layoffs may not help Sony's bottom line

Sony is reportedly going to cut 10,000 jobs by the end of this year, but some say it may already be too late to save the company.
Posted In: Sony

PODCAST: Sony to cut jobs, a look inside Foxconn

China correspondent Rob Schmitz reveals what he found on his recent trip inside a Foxconn factory. Sony is reportedly set to cut 10,000 jobs; it's the first major move by its new CEO. Investors are urging British grocer Tesco to ditch its U.S. chain of Fresh & Easy stores. Stove Top stuffing is trying to woo consumers year-round. And Mike Huckabee launches his syndicated radio show today, bringing new competition to Rush Limbaugh.

March jobs report disappointing, but not a disaster

After news that Sony is cutting 6 percent of its workforce and that the U.S. economy only added 120,000 jobs last month, the future doesn't look bright -- but a bigger picture shows it's all just part of a slow recovery.
Posted In: Unemployment

Baby Boomers choosing to retire earlier

There was one tiny bright spot to March's unemployment report: 164,000 fewer people were looking for work. One particular demographic that has dropped out of the search -- Baby Boomers who are choosing to retire prematurely.
Posted In: Unemployment, baby boomers, Retirement

On the legacy of Mike Wallace and '60 Minutes'

Former head of NBC News, Richard Wald, reflects on the work of the late CBS newsman Mike Wallace and the program for which Wallace was most identified, "60 Minutes."
Posted In: journalism, 60 Minutes, Mike Wallace

Mike Huckabee's new show takes on Rush Limbaugh

Former Arkansas governor Mike Huckabee launches his syndicated radio show today, in the same timeslot as Rush Limbaugh. The new competition comes at a time when Limbaugh's ratings have been falling quickly.
Posted In: Rush Limbaugh, Mike Huckabee, radio

A look behind the gates of Foxconn

China correspondent Rob Schmitz is the second journalist to ever visit an Apple production line at Foxconn, where many of the world's electronics are manufactured. He describes what he saw and learned.
Posted In: Foxconn, apple, The People Behind Your iPad

How will the Fed respond to March's jobs numbers?

March's disappointing jobs report could push the Federal Reserve to do more to spur job growth. Chairman Ben Bernanke is expected to speak on the subject today in Atlanta.
Posted In: Federal Reserve

Stove Top woos year-round stuffing eaters

Stove Top stuffing launches new advertising campaign: Stuffing is not just for Thanksgiving any more.
Posted In: Stove Top, Hidden Valley, advertising

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Cannibal Courtship
Dengue Fever
Hood Pass Intact
Dâm Funk