06/11/12
Marketplace Morning Report for Monday, June 11, 2012
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Global markets are up -- for now -- on news this weekend that European leaders agreed to bail out Spain's banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? The Apple Worldwide Developers conference kicks off in San Francisco today where CEO Tim Cook will unveil the company's newest products. And a Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.
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In Turkey, a Syrian doctor aids his countrymen
A Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.
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What went wrong with California's budget
With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? Do other states have to fear the same thing?
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Spain gets a short term fix in euro bailout
European leaders agreed to bail out Spain's banks to the tune of $125 billion over the weekend. Spanish banks were hemorrhaging cash ahead of this weekend's crucial election in Greece -- that could lead to a Greek exit from the euro.
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App developers vie for Apple customers
The Apple Worldwide Developers Conference kicks off in San Francisco today, analysts expect newly designed laptops, perhaps a new Apple TV, and an updated operating system for mobile devices.
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Spain avoids government bailout with bank rescue
Wounded banks in Spain will now be able to draw up to $125 billion in money from the EU. Spanish Prime Minister Mariano Rajoy credited government reforms with limiting the scope of the financial crisis to the banking system.
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Exports in China double market expectations
Amidst the slew of gloomy economic indicators from China over the weekend there was one bright spot: May's overseas shipments from China are up more than 15 percent over last year.
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Spain's bailout: Good idea or moral hazard?
Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?
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Rating agencies: No longer the final word
The ratings agency Moody's could lower credit ratings on the bonds of several U.S. banks this month. The downgrades could send ripples, but not shock waves, throughout the economy.
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Bailout in Spain buys time and clips contagion
Just in time for the Greek elections next weekend, the EU bailout of Spanish banks aims to send the signal that the eurozone will stand behind its biggest countries.
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UnitedHealth to adopt reform provisions, set insurance standard
UnitedHealth will adopt some parts of the Affordable Care Act regardless of what happens in the U.S. Supreme Court in the coming weeks. The insurer will continue to cover children up to age 26 and offer free preventive health care services.
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PODCAST: A $1.3 billion billboard and LinkedIn's most popular passwords
Global markets are up -- for now -- on news this weekend that European leaders agreed to bail out Spain's banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? The Apple Worldwide Developers conference kicks off in San Francisco today where CEO Tim Cook will unveil the company's newest products. And a Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.
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What does the middle class look like?
As part of our ongoing middle class photo project, we followed up with a listener who told us being middle class means setting a goal and getting there. Tell us what you think it means to be middle class.
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