07/02/12
Marketplace Morning Report for Monday, July 2, 2012
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In Mexico, Enrique Pena Nieto of Institutional Revolutionary Party has taken the presidency. He inherits an economy that's on the upswing, and there are even indications that more of those "Made in China" items Americans buy may soon say "Made in Mexico" instead. Wild storms across much of the U.S. have left sweltering heat and massive power outages in their wake, and one of the casualties has been the Internet. And now that it's July, new regulations are in for for-profit colleges and other vocational programs.
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Barclays chairman resigns, but fingers point at CEO
The chairman of Barclays Bank in London resigned today. Last week, Barclays agreed to pay $450 million to settle allegations that it conspired to manipulate a key interest rate, and some say CEO Bob Diamond should step down as well.
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The newest location of a Mitt Romney ad
Much of the coverage of campaign spending and ads in the last few years has centered around big donors, and money coming in from super PACS. But one Romney supporter has used his money in a slightly different arena: The soccer field.
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New rules on for-profit colleges overturned
Judge says requirement that graduates must be able to repay student loans is arbitrary
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PODCAST: More 'made in Mexico,' Airbus to build plant in Alabama
In Mexico, Enrique Pena Nieto of Institutional Revolutionary Party has taken the presidency. He inherits an economy that's on the upswing, and there are even indications that more of those "Made in China" items Americans buy may soon say "Made in Mexico" instead. Wild storms across much of the U.S. have left sweltering heat and massive power outages in their wake, and one of the casualties has been the Internet. And now that it's July, new regulations are in for for-profit colleges and other vocational programs.
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Airbus to build assembly plant in Alabama
The European airplane maker plans to build its first U.S. assembly plant in Alabama. Why and what does this mean for rival Boeing?
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Some economic slowdown in the U.S., gas prices remain stable
There's news this morning that folks who do the ordering at factories are increasingly wary. The Markit U.S. Purchasing Managers Index was a disappointment, its worst showing since late 2010.
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European contraction impacts U.S. exports
Exports have been one of the few bright spots in the U.S. recovery, but they're slowing down.
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Storms hit Amazon data center, Netflix and Instagram
Amazon's servers were hit by a storm in Virginia. Those data centers are also home to storage for other major websites like Netflix, Pinterest and Instagram.
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Why insider traders are big targets for prosecution
The brother of Bernie Madoff pleaded guilty on Friday and he's looking at 10 years in prison. But why are there so many insider trading prosecutions, but hardly any other prosecutions of the big fish on Wall Street?
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Mexicans hope new leader will help create jobs
Mexicans have picked a new president: Enrique Peña Nieto, with the Institutional Revolutionary Party -- known as the PRI. Voters tossed the party out 2000 after years of corruption and economic crisis, so why are they back?
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Mexican economy poised to grow after election
In Mexico, Enrique Peña Nieto of Institutional Revolutionary Party has taken the presidency. He inherits an economy that's on the upswing, and Americans may soon be buying a lot more "Made in Mexico" goods.
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Walmart pilots small 'Express' stores
Walmart may decide to compete with dollar stores in rural areas.
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Japan subsidizes solar power industry
The new government initiative could lift the land of the rising sun to second place among the world's solar energy markets.
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