Marketplace Morning Report for Monday, July 9, 2012

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A new earnings season begins today, and all eyes will be on Alcoa, the big aluminum producer that is also a big bellwether for the rest of the economy. About 45,000 people in the U.S. will be pretty disappointed this morning when they try to go online and don't have an internet connection because of a cybercrime called "click fraud." And we speak to the director of a new documentary airing tonight on HBO about unemployment in an unexpected place: Long Island.

Wireless providers have doubts about texting campaign donations

About a month back, the Federal Election Commission approved a proposal to allow campaign contributions via text message. Both Obama and Romney camps have showed their support for the plan. But now Reuters is reporting that wireless carriers in the country might not be so easy to convince.
Posted In: campaign contributions, text messages, 2012 election, mid-day extra

PODCAST: Olympic controversies, dropping temperatures

A new earnings season begins today, and all eyes will be on Alcoa, the big aluminum producer that is also a big bellwether for the rest of the economy. About 45,000 people in the U.S. will be pretty disappointed this morning when they try to go online and don't have an internet connection because of a cybercrime called "click fraud." And we speak to the director of a new documentary airing tonight on HBO about unemployment in an unexpected place: Long Island.

Tenants angry over Olympic plans for missiles

Residents of some apartment buildings in London are upset that the British military plans to put anti-aircraft weapons on their roofs during the Olympic games.
Posted In: London, Olympics 2012

Analysts expect dismal earnings season ahead

Today the aluminum company Alcoa kicks off America's quarterly corporate earnings season. Markets are bracing for disappointing numbers which may last through the Summer and Fall.
Posted In: Earnings, fiscal cliff

How the heat wave could impact the U.S. economy

Temperatures may finally be cooling off, but hot temperatures and corresponding droughts are hurting farmers -- and that could trickle down to your own wallet soon.
Posted In: farming, commodities, corn

As temperatures fall, farmers still worried about crops

The heat wave is cooling off. But in parts of the Midwest, that is little consolation to farmers whose crops have been badly damaged by the heat, as well as a drought that's being called the worst in decades.
Posted In: Agriculture, farming, drought

IOC head questions McDonald's, Coke sponsorship

International Olympic Committee president Jacque Rogge is in a sticky spot. Asked whether he sees any problem with having McDonald's and Coke sponsor the world's biggest exposition of physical fitness, he admitted there could be issues with it.
Posted In: London Olympics, Coca-cola, McDonald's, obesity

Wall Street awaits Alcoa earnings

After the markets close today, everybody on Wall Street will be waiting to hear from the big aluminum producer Alcoa. The company's earnings are likely to give us clues about a lot more than metal.
Posted In: Alcoa, Earnings, bellwether

Cambodian Stock Exchange is popular, but has only one stock

Cambodia has opened its first stock exchange in decades, but as of now, it only has one stock.
Posted In: cambodia, asia, stock exchange

Largest maker of gas cans going out of business

What did in the maker of the ubiquitous red containers? A failure to heed the warning printed on them.
Posted In: Blitz USA, gas

'Hard Times' seen from post-war suburbia

The new HBO documentary, "Hard Times: Lost on Long Island," takes a look at unemployment in the U.S. from the birthplace of post-war suburbia.
Posted In: HBO, documentary, film, Unemployment, Long Island, New York

Virus shines light on 'click fraud'

An estimated 45,000 people in the U.S. may have trouble getting online Monday because of a computer virus. Hackers replaced real ads with fake ones, a crime known as "click fraud."
Posted In: hacking, online advertising, cybercrime

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