Marketplace Morning Report for Monday, May 14, 2012

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Turmoil in Europe continues, as it begins to look more and more likely that Greece will soon exit the eurozone. Yahoo CEO Scott Thompson resigned over the weekend, bringing yet another leadership change to the embattled tech company. New York City launches a bikeshare program sponsored by Citibank, which could prove to be profitable for both the bank and the city. JPMorgan executives face shareholders tomorrow in its annual meeting, the week after its announcement of a $2 billion loss. And endangered California condors are presenting special concern for wind farms.

China's bad economic indicators could impact U.S.

A wave of disappointing news about China's economy could push up inflation there and curb sales of U.S. products.
Posted In: China, yuan

Greek exit from eurozone seeming more likely

The prospect of a new round of elections in Greece is boosting the chances of the country's exit from the euro.
Posted In: Greece, Europe debt crisis

Greece gambling with 'financial armageddon'

New elections in Greece could upend the promises the country made to cut budgets in return for bailout money, and lead to Greece leaving the eurozone. Journalist George Christides says the Greek people might not be aware of the consequences.
Posted In: Greece, Europe debt crisis

With another new CEO, what's the future of Yahoo?

For the third time in three years, the CEO of Yahoo is stepping down -- Scott Thompson resigned this weekend. What this means for the future of one of the most visited sites on the web.
Posted In: Yahoo

JPMorgan loss could lead to more support for Volcker Rule

JPMorgan Chase CEO Jamie Dimon responded to questions about bank regulation on this weekend's "Meet the Press."
Posted In: JPMorgan, Jamie Dimon

What to expect from JPMorgan's shareholder meeting tomorrow

JPMorgan Chase CEO Jamie Dimon faces shareholders tomorrow after the announcement of a $2 billion loss. He'll most likely get to keep his 2011 pay package, but expect changes in leadership elsewhere in the company.
Posted In: JPMorgan, Jamie Dimon

Signs of contagion from Greek troubles

As the possibility rises of Greece leaving the eurozone, borrowing costs are shooting higher in countries like Spain and Italy.
Posted In: Greece, Europe debt crisis

How 'activist' investors enact change

The CEO of Yahoo, Scott Thompson, has abruptly resigned. This development is the work of what many call an 'activist' investor. So, just what is activist investing?
Posted In: investors, Yahoo

PODCAST: Greece could exit eurozone soon, Yahoo CEO resigns

Turmoil in Europe continues, as it begins to look more and more likely that Greece will soon exit the eurozone. Yahoo CEO Scott Thompson resigned over the weekend, bringing yet another leadership change to the embattled tech company. New York City launches a bikeshare program sponsored by Citibank, which could prove to be profitable for both the bank and the city. JPMorgan executives face shareholders tomorrow in its annual meeting, the week after its announcement of a $2 billion loss. And endangered California condors are presenting special concern for wind farms.

Facebook co-founder renounces U.S. citizenship

In letting go of his U.S. citizenship now, Eduardo Saverin will also be able to avoid paying nearly $600 million in U.S. capital gains taxes when Facebook goes public.
Posted In: Facebook, IPO, Taxes

California's budget deficit has risen to $16 billion

That's grown from $9.2 billion. The $16 billion is in projected spending, and that would be more than the money that could come in. Gov. Jerry Brown is expected to talk about the details later today.
Posted In: california, budget deficit

California condors drag on state wind power

California energy companies want to build hundreds of new wind power turbines across the state. But the endangered state bird presents a special concern for wind farms.
Posted In: California condor, birds, wind energy

Citibank spins publicity with NYC bikeshare

Citibank is sponsoring New York City's new bike rental program. It's a two-wheeled marketing opportunity.
Posted In: Citibank, bike, bike sharing

Biggest suspense from upfronts are the lineups

It's upfronts week for the television industry, when networks announce for advertisers which shows are in, on their way in and out. Networking scheduling can be a bit of a "scientific art."
Posted In: Entertainment, television, tv, upfronts

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