08/20/12
Marketplace Morning Report for Monday, August 20, 2012
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Struggling electronics retailer Best Buy has named a new chief executive: Frenchman Hubert Joly will likely take the helm in early September. It's back-to-school time -- which means it's back-to-school lunch time. This year, kids lunch choices are going to be a little different. And beyond Beale Street, the blues and Elvis Presley, Memphis is dealing with some major urban challenges. So the city is launching a PR campaign, aimed in part at bringing former residents back to th city.
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PODCAST: Best Buy loses a CEO, Aetna gains a company
Struggling electronics retailer Best Buy has named a new chief executive: Frenchman Hubert Joly will likely take the helm in early September. It's back-to-school time -- which means it's back-to-school lunch time. This year, kids lunch choices are going to be a little different. And beyond Beale Street, the blues and Elvis Presley, Memphis is dealing with some major urban challenges. So the city is launching a PR campaign, aimed in part at bringing former residents back to th city.
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Aetna to buy Coventry Health Care for over $5.5 billion
Shares of the insurance giant Aetna are looking awfully healthy this morning. Acquiring another insurer is likely providing a bit of a shot in the arm. It's the latest in a stream of health insurance mergers we've been charting -- many of them happening for the same reasons.
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Super PACs backing Romney far outraise Obama's
Tallies from the first two weeks of August show the super PACs and outside groups backing Mitt Romney are vastly out-spending the president's main political action committee.
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Greek prime minister meets with French, German officials
This week, all eyes are on Greece. The country's prime minister is meeting with German and French officials. He's expected to officially ask for extension in meeting the country's fiscal targets.
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Tensions grow between China and Japan over islands
In China over the weekend, activists smashed shop windows and overturned cars in a wave of anti-Japanese protests. The protests center around a couple of uninhabited, rocky islands in the East China Sea.
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'Shark Tank' star on how to succeed as an entrepreneur
As the politicians tell it, many of our hopes in this economic recovery rest with the American entrepreneur. "Shark Tank," on ABC, is the reality show that lets you root for 'em.
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Best Buy brings in a new CEO
Struggling electronics retailer Best Buy has named a new chief executive: Frenchman Hubert Joly will likely take the helm in early September.
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Wife of fallen Chinese politician Bo Xilai spared
Gu Kailai, wife of fallen Communist Party politician Bo Xilai, was sentenced to death for murder of a British businessman but the sentence was commuted.
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As school year starts, more veggies on the menu
Changes in the federal school lunch program will put more fruits and vegetables on pupils' trays. Will they eat them?
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New campaign highlights apparel 'Made in Los Angeles'
Los Angeles' mayor visits trade show to promote L.A. fashion industry.
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Memphis tries to lure its natives home
Memphis -- a city that has struggled with population decline and high unemployment -- wants its native sons and daughters to help fuel a comeback.
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