Marketplace Morning Report for Monday, November 28, 2011
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The European debt crisis hits another phase, as leaders in the region throw around ideas to solve the root issues. Lipitor, the highest selling drug of all time, is set to lose its patent this week. The annual UN Climate Summit starts today in Durban, South Africa. And Paddy Hirsch explains the term "ringfencing" -- at the zoo.
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Posted In: Washington D.C., unemployment, Virginia
One country in Virginia is managing to survive and prosper even as the country at large has ongoing financial problems.
Posted In: Europe debt crisis, Black Friday
The national retail federation says sales over the last 4 days jumped 16 percent from last year. Consumers spent an average of 398 dollars on Black Friday-- and Black Thursday, and all Black Saturday and Sunday. And about 40 percent of that shopping was done online.
Posted In: Europe debt crisis, government bonds, banking, too big to fail
President Obama is hosting some top European Union officials at the White House this morning, as concerns grow about what the debt crisis in Europe could do to the American economy.
Posted In: italy, bonds
The new initiative seeks citizens' help to bail the country out. Even so, towering debt remains a huge problem for Italy.
Posted In: Egypt, General Motors
Egyptians began voting today in the first phase of parliamentary elections. The country's economy has hit a hard patch, but not quite come to a halt.
Posted In: Europe debt crisis, markets
'Germans first and Europeans second' might no longer fly as tensions increase in the European debt crisis.