Marketplace Morning Report for Monday, February 6, 2012
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The company that owns KFC, Taco Bell and Pizza Hut reports earnings today, and it is planning on a boost from its stores in China in the year ahead. Missouri holds its presidential primary tomorrow, and it will cost the states millinos even though the votes won't actually count. Amazon is building five new warehouses in states across the U.S., and is also testing out a program that lets customers pick up their orders instead of having them delivered.
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Posted In: Housing, robosigning, foreclosure, mortgage settlement
Monday is the deadline for states to sign onto a settlement with the nation's largest banks over abusive foreclosure practices. The deal would reportedly force banks to pay billions of dollars to people who lost their homes.
Posted In: Dow, economic indicator
The Dow is now up almost 100 percent from its low in March 2009, and down just 9 percent from the highest point it ever reached in 2007.
Posted In: podcast
Weekend talks in Europe over a second bailout plan for Greece stumbled just as leaders in that country made progress on a deal to eliminate about half of the private debt it owes. Meanwhile, a bailout might be on the way for troubled homeowners if states sign onto a settlement with the nation's largest banks over abusive foreclosure practices. The New York Giants won the Super Bowl, and so did Madonna and her half-time performance. But Ford said it didn't after Chevy ran a commercial claiming its chief competitor's pick-ups couldn't survive the apocalypse. At least that means the auto industry is recovering, right?
Posted In: foreclosures, mortgage, homeowner, mortgage settlement
National State Attorneys General Program Director James Tierney discusses why it has taken so long to reach a multi-state settlement with big banks over shady foreclosure practices during the housing crisis.
Posted In: 2012 election, republican primaries, missouri
Missouri is holding its presidential primary tomorrow. Turnout is expected to be extremely low, mostly because the votes for GOP candidates won't count -- and it'll still cost taxpayers millions of dollars.