Marketplace Morning Report for Monday, October 1, 2012
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The board of directors at mining company Xstrata have backed a revised takeover bid from commodities trader Glencore International. As the Supreme Court starts its fall session, one case involving affirmative action has caught the attention of businesses. A Sundance documentary that argues America's profit-driven health care system isn't necessarily making people healthier has an unlikely backer. And what's the strategy behind the U.S. Strategic Petroleum Reserve? Reporter Eve Troeh tells us. Plus, stories on Japan's gloomy manufacturers, Victoria's Secret at Cowboys stadium, cell phone location privacy, and Greece.
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Posted In: cell phones, data, privacy
California Gov. Jerry Brown vetoed a bill over the weekend that would have made it harder for police use cell phones to track suspects' locations. Similar debates about protection versus privacy are happening around the country.
Today the Greek government is expected to unveil its 2013 budget. Some argue it's time for Greece to leave the eurzone. Manufacturing in China and Japan looks gloomy, and things aren't much better in Europe. A European index showed manufacturing activity shrank for the 14th straight month. Plus, we look at the strategy behind the U.S. Strategic Petroleum Reserve, the new store at Dallas Cowboys Stadium, and why looking at cute puppies and kitties at work could help you concentrate.
Posted In: Europe debt crisis, European Union, manufacturing
September manufacturing wilted in Europe -- and a new unemployment report by the EU shows lots of young people were out of work in August. But European stock markets had a strong day. What gives?