Marketplace Morning Report for Thursday, July 26, 2012

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Episode Description 
Sanford Weill was once the king of making big banks bigger. Back in 1998, he combined Travelers, the insurance company, with Citibank to create Citigroup. But now, Weill wants to break up big banks. Facebook will post its first earnings after its IPO today, but the company has had a rocky road since it started selling shares and there are still big questions about its future. And why Goodyear is working on a new kind of tire: One made partially from soybeans.

What to expect in the new school lunches

Your family might still be enjoying a summer diet of backyard barbeques and trips to Dairy Queen, but pretty soon kids will be back in school. And they could be facing a much different school lunch than they used to.
Posted In: public school, lunch, school lunches, mid-day extra

PODCAST: Awaiting Facebook earnings, awaiting a Lady Gaga doll

Sanford Weill was once the king of making big banks bigger. Back in 1998, he combined Travelers, the insurance company, with Citibank to create Citigroup. But now, Weill wants to break up big banks. Facebook will post its first earnings after its IPO today, but the company has had a rocky road since it started selling shares and there are still big questions about its future. And why Goodyear is working on a new kind of tire: One made partially from soybeans.

Obama administration takes initiative against health care fraud

Attorney General Eric Holder and Health and Human Services Secretary Kathleen Sebelius are spearheading an effort to fight against health care fraud by teaming up with private insurers.
Posted In: health care, fraud

ECB head pledges to do 'whatever it takes' to save euro

What can the European Central Bank really do to help the euro and what obstacles might be in its way?
Posted In: Europe debt crisis, European Central Bank

Mobile technology big at the London Olympics

The Olympic Games get under way tomorrow. There's a big technology and social media push this year.
Posted In: Olympics 2012, London Olympics, technology

Durable goods orders down over 1%

Durable goods -- like computers and equipment -- are one way to measure for how much companies are investing in future growth. In word: They're not. Durable goods orders were down more than a percent in June -- the most in five months.
Posted In: durable goods

Facebook earnings out later today

One quarter after its initial public offering, analysts are questioning whether Facebook will be able to live up to its promises.
Posted In: Facebook, IPO

FarmVille creator Zynga reports loss in second quarter

Yesterday after markets closed we got results from Zynga, the maker of Facebook games like FarmVille. And things ain't looking so good down on the farm.
Posted In: zynga, farmville, Earnings

Eurozone crisis hits Shell, other earnings

The crisis in the eurozone is hitting profits everywhere; Anglo-Dutch oil giant "Shell" is the latest. Shell says this morning earnings fell 13 percent compared to the same quarter last year. This follows a string of U.S. companies blaming Europe.
Posted In: Earnings, Shell, Eurozone

Facebook to report first earnings since IPO

Facebook has had a rocky road since it started selling shares and there are still big questions about Facebook's future. For instance: how, exactly, it plans to make money.
Posted In: Facebook, IPO, Earnings

Arthur Laffer on income inequality, raising taxes

The father of supply-side economics explains why he's against raising taxes on the rich, and the problems with being so against income inequality.
Posted In: Arthur Laffer, supply-side economics, Taxes, income inequality

Drought could push farmers to ditch the till

Many farmers in Tennessee tend their fields without tills to cut down on erosion, but they've found that their method also helps conserve water during droughts.
Posted In: farming, drought

Father of big banking Sandy Weill changes tune

Sandy Weill, who engineered Citigroup and the creation of megabanks, says big banks should be split up. Will the debate now gain traction?
Posted In: Citigroup, Sandy Weill, Banks

Goodyear experimenting with soybean-based tires

The company says using soybean based-oils for the rubber in their tires would be cost-effective for consumers and could reduce Goodyear's oil use by as much as seven million gallons annually.
Posted In: goodyear, tires, soybeans

Music from this show

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Metis
Guts
Street Clothes
Fool's Gold
Shuffle A Dream
Little Dragon
Kush (Main) [feat. Akon] [Explicit]
Dr. Dre
Valerie (Live, BBC Radio 1 Live Lounge, London/2007)
Amy Winehouse

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