Marketplace Morning Report for Monday, May 21, 2012

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Gas prices continue to soar in the U.S., but Americans haven't yet flocked to alternative fuels like natural gas in a big way. Billionaire investor T. Boone Pickens expected us to -- but after being one of the industry's biggest supporters, he's now backed out of natural gas stocks all together. In New York last night, tens of thousands of orthodox Jews gathered at Citi Field to discuss the pros and cons of using the Internet. And America's second largest movie theater chain, AMC, has been bought by one of China's largest real estate developers, creating the world's largest cinema chain.
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Why Facebook's IPO was slightly delayed

Facebook's first investors didn't lose their shirts. The company's stock is trading right where it started on Friday: 38 bucks a share. But the initial public offering didn't go exactly as planned. The start was delayed; computer systems locked up; and NASDAQ executives are promising to fix the problems.
Posted In: technology, Facebook, IPO
0

G8 summit focuses on weakness in Europe

President Obama will be with world leaders in Chicago today after meetings at Camp David over the weekend. The takeaway from those meetings is that there should be more of a focus on growth rather than austerity as Europe grapples with another flare up in the debt crisis.
Posted In: G8 summit, Obama, austerity
1

Facebook stock price falls on day two of trading

The brand new stock in Facebook is down 11 percent right now to $33.11. If day one of trading was seen as a disappointment, day two is so far not winning many new friends at the social networking company.
Posted In: Facebook, IPO
0

Midwest catches up to South in cost of doing business

When businesses are not moving operations overseas, the trend for decades within the U.S. has been shifting operations from the Midwest to the lower-cost South. But the Wall Street Journal has teased out some data showing when you look at the cost of labor, energy, taxes, and real estate, the Midwest is now just about as cheap as the south.
Posted In: working, Jobs, midwest
0

PODCAST: Leveling the regional playing field, cutting deals with Chinese companies

Gas prices continue to soar in the U.S., but Americans haven't yet flocked to alternative fuels like natural gas in a big way. Billionaire investor T. Boone Pickens expected us to -- but after being one of the industry's biggest supporters, he's now backed out of natural gas stocks all together. In New York last night, tens of thousands of orthodox Jews gathered at Citi Field to discuss the pros and cons of using the Internet. And America's second largest movie theater chain, AMC, has been bought by one of China's largest real estate developers, creating the world's largest cinema chain.
0

Summer blockbusters: Separating winners from losers

This past weekend, "Battleship" failed to meet expectations while" The Avengers" managed to keep raking in the cash.
Posted In: movies, hollywood, The Avengers
1

Health care costs climb for kids

A report from a new think tank called Health Care Cost Institute says spending on health care for children under 18 is rising nearly one-and-a-half times faster than for those 55 to 64.
Posted In: health care
13

Online groceries for all, including food stamp users

The USDA just approved a program that would allow some food stamp users to buy groceries online. The CEO of one online grocer says it's about access to fresh food for all.
Posted In: FreshDirect, Food, groceries
4

T. Boone Pickens: 'Natural gas has been a disaster'

Billionaire investor T. Boone Pickens explains why he recently left natural gas producer Chesapeake Energy, and what he thinks of a federal energy policy in the United States.
Posted In: T. Boone Pickens, natural gas, alternative energy
3

Ultra-Orthodox Jews discuss limits to the Internet

Tens of thousands of Ultra-Orthodox Jews gathered at the home of the New York Mets, Citi Field, to discuss the virtues and evils of the Internet.
Posted In: Internet, ultra Orthodox Jew
1

European banks continue to fear extra withdrawals

Europeans are withdrawing extra money from their bank accounts in case the continent's financial crisis deepens and the single currency system falls apart.
Posted In: Germany, Greece, banking
1

Chinese developer buys AMC movie theater chain

The Dalian Wanda group, a major Chinese real estate developer, has purchased America's second-largest movie theater chain for $2.6 billion.
Posted In: China, hollywood, AMC Entertainment, movies

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Take Your Chances
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night falls
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