Marketplace Morning Report for Monday, July 30, 2012

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Lawyers from the two biggest smartphone producers in the world will be in federal court in San Jose, Calif. today. Samsung is being sued by Apple for more than $2 billion in damages, as well as an injunction to stop the sale of Samsung's smartphones and tablets. And we are now 99 days away from the election. One of the key themes of the campaign up to this point has been income inequality, but President Obama's former top economic advisor Larry Summers says that's not the debate we should be having. Instead, we should focus on inequality of opportunity.

PODCAST: Apple sues Samsung, Geithner in Germany

Lawyers from the two biggest smartphone producers in the world will be in federal court in San Jose, Calif., today. Samsung is being sued by Apple for more than $2 billion in damages, as well as an injunction to stop the sale of Samsung's smartphones and tablets. And we are now 99 days away from the election. One of the key themes of the campaign up to this point has been income inequality, but President Obama's former top economic adviser Larry Summers says that's not the debate we should be having. Instead, we should focus on inequality of opportunity.

The implications of Apple v. Samsung

After years of legal skirmishes around the world, the smartphone battle royale finally comes home today to Silicon Valley. Samsug and Apple are going to court over charges of stolen design and functionality features.
Posted In: samsung, apple, smartphone

More concerns for Boeing after Dreamliner engine malfunction

Near Boeing's Charleston, S.C., assembly plant on Saturday, something got sucked into a 787 Dreamliner's engine and sparked a grass fire on the runway. It's just another problem that's faced the Dreamliner line of planes recently.
Posted In: Boeing, airline industry, Dreamliner 787

Report: For profit colleges not worth the cost

Senator Tom Harkin is out today with a scathing report on for-profit colleges. The report says taxpayers spend billions of dollars a year on those schools. But students often leave deep in debt.
Posted In: for profit, college

Economic sentiment in Europe at three-year low

To Europe, where economic sentiment is at a three year low, according to new figures out today. Though global markets seem to be putting that aside and focusing instead on a statement that came last week from the head of the European Central Bank.
Posted In: Europe

The Fed's new tool: Negative interest rates?

The Federal Reserve meets again this week, and the buzz is that Chairman Ben Bernanke could be considering some "new tools," for stimulating growth -- perhaps using interest rates to encourage banks to take some risks with their money.
Posted In: Federal Reserve, Ben Bernanke, negative interest rate

The problems with big banking, from back in the '90s

Last week we spent plenty of breath on Sandy Weill, the former head of Citigroup. Back in the '90s, he fought for his and other banks to grow huge and complex. Then last week Weill goes on TV and says: "It's time to break up the big banks."
Posted In: Sandy Weill, Banks, Citigroup

Tim Geithner heads to Germany to push for change

U.S. Treasury Secretary Tim Geithner is in Europe today. He's got meetings with Mario Draghi, the ECB president, and Germany's finance minister.
Posted In: Timothy Geithner

Samsung faces Apple in court today

Samsung is being sued by Apple for more than $2 billion in damages, as well as an injunction to stop the sale of Samsung's smartphones and tablets.
Posted In: apple, samsung, legal

Larry Summers on income inequality

Former Treasury Secretary and top economic advisor to President Barack Obama Lawrence Summers talks about education and income inequality in the U.S., and the state of the world economy.
Posted In: Larry Summers, income inequality

Keeping young people out of prison

New Orleans group trains and mentors youth released from juvenile detention

Music from this show

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Family of Love
Dom
Clutter
Ronald Jenkees
To All Of You
RJD2
A Little Soul
Pete Rock