Marketplace Morning Report for Thursday, August 19, 2010

Episode Description 
Marketplace Morning Report for Thursday, August 19, 2010

GM files for initial public stock offering

General Motors plans to shed its government ownership and start trading on public stock markets by the end of the year. The automaker filed paperwork for an IPO. Gregory Warner reports.
Posted In: Auto

Virginia's budget surplus grows

The governor of Virginia is expected to announce his state ended the last fiscal year with an extra $400 million. That's almost twice the earlier estimate. What's Virginia got going that most other states don't? John Dimsdale reports.

What it takes to be an oyster farmer

Maryland is hoping to revive its oyster industry on Chesapeake Bay. Lawmakers there are betting on aquaculture to generate more than 200 jobs and $25 million a year in revenue. Cathy Duchamp reports.

Oil discovered off coast of Mozambique

U.S. oil company Anadarko has discovered oil off the coast of Mozambique. It's the first time oil has been discovered near this part of East Africa. It's still unclear whether getting the oil out of the sea floor will make economic sense. Gretchen Wilson reports.
Posted In: Oil

NJ, SEC settle securities fraud case

The Securities and Exchange Commission has settled its case against New Jersey. Reporter Gregory Warner talks with Bill Radke about the case, which is the first time a state has been charged with securities fraud.
Posted In: Crime

Sears reinvents, aims to bounce back

Sears lost about $40 million in its latest quarter. So the retailer is counting on a reinvention plan to help it come back. In the late 1800s, the retailer revolutionized shopping with its legendary mail-order catalog. Now, as Jay Field reports, it's trying to reclaim that reputation for innovation.
Posted In: Retail

A look at jobless claims, Intel-McAfee

Diane Swonk of Mesirow Financial talks with Bill Radke about why new unemployment claims jumped last week to half a million, and whether Intel buying McAfee is a good sign about the economy.

Why Intel wants a piece of McAfee

Chipmaker Intel says it will buy anti-virus software company McAfee in a cash transaction worth nearly $8 billion. Chris Nuttall of the Financial Times talks with Steve Chiotakis about what Intel wants to do with McAfee.
Posted In: Mergers and Acquisitions

Reeling in commercial fishing dangers

The Bureau of Labor Statistics will come out with statistics on workplace fatality rates for 2009. Commercial fishing is among the most dangerous professions. There may be a few ways to protect fishermen from danger, but some say the measures soak their profits. Janet Babin reports.
Posted In: Jobs

Music from this show

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Miguel For President
The Cuban Brothers
Heart Of Gold
Neil Young
Phenomenon [Explicit]
LL Cool J
Keep On Looking
Sharon Jones & The Dap-Kings