Marketplace Morning Report for Monday, October 15, 2012
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The Japanese company Softbank has reached a deal to buy 70 percent of the American wireless carrier Sprint Nextel. The $20 billion deal is the largest ever Japanese acquisition of a foreign company. Governor Mitt Romney and President Obama will face off on the debate stage for the second time tomorrow night. How will voters' personal finances factor in to the election? RapGenius.com -- it's been called the wikipedia of rap and it just got $15 million dollars in venture capital funding -- but how will the rising star website solidfy its place as more than just a passing fad?
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This year's Nobel Memorial Prize in Economics goes to Americans Alvin Roth and Lloyd Shapley. US retail sales rose 1.1 percent last month. We were spending more on cars, gas and iPhones. Japan's third-largest wireless company, Softbank, has reached a deal to buy Sprint Nextel here in the U.S.
Posted In: Nobel Prize, Economics
Stanford economist Alvin Roth shares this year's Nobel Prize for Economics for his work designing and creating markets where there were none.
Posted In: Economics, Nobel Prize
It's best known as the Nobel Prize for Economics, but the official name of the award handed out today for the 44th time is The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. A list of past winners.
Have you ever heard of Mansa Musa? Well he is the richest person who ever lived -- according to CelebrityNetWorth.com -- which adjusted its list for inflation. Mansa Musa ruled over the Malian Empire in West Africa way back in the 14th century.
Posted In: holiday shopping, Best Buy, JC Penney
Brick and mortar retailers like Best Buy, Target, and JC Penney, have an idea to compete with online rivals like Amazon. They are going to match their prices during the holiday shopping season.