07/12/12
Marketplace Morning Report for Thursday, July 12, 2012
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There are new figures out this morning about the number of foreclosures in the U.S. in the first half of this year, and they may shed some light on the so-far elusive housing recovery. For the past few years, China has had a much higher economic growth rates than we're seeing in the U.S., but when it releases its latest GDP figures tomorrow, forecasters are expecting the worst growth in three years. And another big warship, the USS Iowa, has opened for tourists in San Pedro, California. It's one of dozens of decommissioned ships that operate as museums around the country.
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PODCAST: A pet love hotel, a particle accelerator for your living room
There are new figures out this morning about the number of foreclosures in the U.S. in the first half of this year, and they may shed some light on the so-far elusive housing recovery. For the past few years, China has had a much higher economic growth rates than we're seeing in the U.S., but when it releases its latest GDP figures tomorrow, forecasters are expecting the worst growth in three years. And another big warship, the USS Iowa, has opened for tourists in San Pedro, California. It's one of dozens of decommissioned ships that operate as museums around the country.
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NBC in talks to buy back Microsoft stake in MSNBC.com
NBC is reportedly in talks to buy back Microsoft's chunk of MSNBC.com, essentially ending their partnership. Originally the two companies went in together on the telvision news network and the website.
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British Army brought in to fill Olympic security gap
The British government says it will have to deploy an extra 3,500 soldiers to protect the Olympic Games after a private security contractor abruptly said it would fall short.
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Weekly unemployment dip due to auto industry
This morning the Labor Department reported the number of people applying for unemployment benefits fell by 26,000 last week to 350,000, the best number since March of 2008. Analysts point to the auto industry's seasonal production schedule as the source of the weekly dip.
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Tax cuts, candidate wealth: What matters to voters?
The Presidential race this week can be summed up in a few words: Outsourcing, wealth, taxes, and jobs. How are American voters responding the latest week's news?
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With new foreclosure data, a look at the housing market
We're getting some new data this morning about the housing market. The foreclosure listing company RealtyTrac says there was an uptick in foreclosure activity last month, but it's down compared with a year ago. Which brings us to the eternal question: Has the housing market finally hit bottom?
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Report: Mitt Romney stayed at Bain longer than he's claimed
The Boston Globe is reporting this morning that government documents show GOP presidential hopeful Mitt Romney remained CEO and chairman of the private equity firm Bain Capital for three years after he has said he left Bain.
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How TV news and ads affect Americans
Frank Newport, editor-in-chief at Gallup, explains how much Americans trust television news, and whether are really impacted by political ads they see on TV.
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Spanish leaders announces new austerity measures
As the first batch of bailout funds arrives at Spain's banks, Prime Minister Mariano Rajoy has announced an austerity plan to slash the public deficit. This includes tax hikes and cuts to unemployment benefits.
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RealtyTrac releases foreclosure data for first half of 2012
There are some new figures out this morning from RealtyTrac about the number of foreclosures in the U.S. in the first half of this year, and they may shed some light on the so-far elusive housing recovery.
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Retired war ships navigate the seas of tourism
As the USS Iowa opens in San Pedro, Calif., a look at what it takes to run a successful war ship museum.
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Viacom channels pulled from DirecTV
More than two dozen Viacom Inc. channels -- including Nickelodeon, MTV and Comedy Central -- were blacked out for DirecTV subscribers after the companies failed to reach an agreement on programming fees.
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Sanctions eased, Myanmar attracts businesses
The country formerly known as Burma, long closed to outsiders and subject to sanctions, is a destination for businesses, especially the oil industry.
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China braces for slower GDP growth
For the past few years, China has had much higher economic growth rates than we're seeing in the U.S. But when China releases its latest GDP figures tomorrow, forecasters are expecting the worst growth in three years.
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