Marketplace Morning Report for Thursday, June 24, 2010

Episode Description 
Marketplace Morning Report for Thursday, June 24, 2010

Court narrows use of fraud law in Skilling case

The U.S. Supreme Court set aside today a ruling that upheld the conspiracy conviction of former Enron executive Jeffrey Skilling. Michael Connor gives analysis of the "honest services fraud law" used in the case.
Posted In: Crime

New Chicago Wal-Marts spark wage debate

A crucial vote in Chicago's City Council could lead to dozens of new Wal-Mart stores to be built in the city. The issue has become a showdown between the retailer, unions and the city's politicians.
Posted In: Jobs, Retail

LA cruise takes wild ride on commerce side

Some cruises will have you sunning on exotic beaches and sipping mai tais with strangers. This one ferries you around cargo boats and power plants -- and still manages to stay afloat.
Posted In: Travel

Fannie Mae takes action against strategic defaults

Fannie Mae wants to prevent homeowners from walking away from their mortgages when they could afford to make the payments.
Posted In: Housing

Rupee symbol a source of Indian pride

The Indian government unveiled its new symbol for the rupee, a graphic winning a contest that beat out five central competitors. View photos.

Where is Tony Hayward? Not in the Gulf.

Beleaguered BP CEO Tony Hayward is no longer running the British oil giant's cleanup operations in the Gulf of Mexico spill.
Posted In: Oil

Senate explores value of for-profit colleges

Many for-profit universities receive over 90% of their funding from the government. The Senate is taking closer at whether their students are getting a good return on investments.
Posted In: Education

Fed leaving benchmark funds rate near zero

The Federal Reserve will not be changing its benchmark interest rate, which is used for short-term, inter-bank loans. The Fed intends to keep the rate near zero for an "extended period."
Posted In: Investing