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Marketplace Morning Report for Monday, September 3, 2012

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A big week for the European Debt Crisis starts off with some not-so-great news: manufacturing in the region fell last month for the 13th straight month. There are going to be a lot of people on the highways today heading home from Labor Day weekend festivities. And they'll be spending a little more on gas than they did a year ago, but how do our gas prices stack up globally? And the drug company Pfizer is getting ready to sell shares of its animal health business Zoetis -- which distributes medicines for pets and livestock -- to the public.

PODCAST: Manufacturing takes a hit, Rihanna takes a trip

A big week for the European Debt Crisis starts off with some not-so-great news: manufacturing in the region fell last month for the 13th straight month. There are going to be a lot of people on the highways today heading home from Labor Day weekend festivities. And they'll be spending a little more on gas than they did a year ago, but how do our gas prices stack up globally? And the drug company Pfizer is getting ready to sell shares of its animal health business Zoetis -- which distributes medicines for pets and livestock -- to the public.

Needing economic 'booster shots' in China, Europe, U.S.

In China, manufacturing activity fell last month for the first time in almost a year, putting more pressure on Chinese officials to do something to stimulate the economy. Meanwhile in Europe, we learned this morning that manufacturing activity in the eurozone also fell last month, which will in turn put more pressure on the European Central Bank to do something about the ongoing crisis there.
Posted In: China, European Central Bank

Manufacturing slows down in China

Manufacturing activity fell last month in China for the first time in almost a year. This follows a string of other bad news when it comes to the Chinese economy.
Posted In: China, manufacturing

Eurozone awaits news from European Central Bank

A survey out this morning shows that manufacturing in the eurozone has fallen for the 13th straight month -- not a great start to what will be a big week for the European Debt Crisis. On Thursday, the head of the European Central Bank, Mario Draghi, is expected to tell us what he meant when he said he'll do "whatever it takes" to save the euro.
Posted In: Europe debt crisis, ECB, Mario Draghi, Angela Merkel

Corruption a problem in Russia's courts

Some businesspeople in Russia say corrupt courts make them vulnerable to the whims of corrupt officials and rivals who want to take their businesses.
Posted In: Russia, corruption

Strike at East Coast ports would affect economy

In Georgia alone, 1 in 12 jobs is linked to the ports of Savannah and Brunswick. If longshoremen and port authorities can't agree on a new contract, an economic slowdown is possible.
Posted In: Georgia, port

Drug companies cash in on curing animals

Animal health care is the fastest growing sector of health care. Medicine for the pets we love and the livestock we eat is a more than $4 billion business for the pharmaceutical company Pfizer.
Posted In: veternarian, pets, animals

Gas prices from Norway to Venezuela

Charging less than a dime per gallon, Venezuela sells cheapest gas on the planet. Norway has some of the highest fuel prices in the world.
Posted In: gas prices, venezuela