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Marketplace Morning Report for Thursday, July 8, 2010

Episode Description 
Marketplace Morning Report for Thursday, July 8, 2010

Somali pirates hold 400 hostage

Somali pirates are holding an estimated 400 people hostage. Dozens of global Navies have tried to stop them. A small number have been caught and are being tried in Africa. Steve Chiotakis and the BBC's Simon Cox looks at how the problem is being tackled.
Posted In: Crime

Jobless claims fall to lowest level since May

About 454,000 people lost their jobs last week and filed for unemployment benefits, according to the Labor Department.
Posted In: Jobs, Retail

Investors push 2009 Bordeaux to over $1,000 a bottle

An exceptionally good Bordeaux is running at an exceptionally high price, with many buyers coming from China and Hong Kong.
Posted In: Food, Investing

KKR's attempt to go public again bodes well for economy

As a barometer for the economy at large, the fact that major investing brand Kohlberg Kravis Roberts to trying to go public again is a good thing.
Posted In: Investing, Wall Street

IMF raises forecast for global growth

The International Monetary Fund says the global economy and U.S. will grow faster than expected this year, but will slow down next year.

Companies back electric trucks with stimulus support

Some big-name corporations are backing an electric vehicle initiative in Kansas City, Mo. which has $32 million in stimulus support.

Michigan manufacturing workers re-educate for health careers

Workers in Grand Rapids, Mich. are facing the challenges of entering a new industry.
Posted In: Health, Jobs

How to fill up an hour-long LeBron James special

After a long, dramatic build-up, NBA star LeBron James will unveil his future tonight in an hour-long special. Will that really take an hour?
Posted In: Entertainment, Sports

BP optimistic it can fix oil well by July 27

BP thinks it can stop the oil leak by July 27, weeks ahead of schedule -- and also in time for the second-quarter earnings report.
Posted In: Oil