Marketplace Morning Report for Thursday, May 2, 2013
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Former CIA Director David Petraeus considers his next move. Will the European Central Bank follow the U.S. Federal Reserve's lead? And a new study out of Switzerland finds the corporate structure of carpenter ants has some similarities to our own.
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ESPN and the SEC team up for a new sports network. What's ahead for Mexico and the U.S.? And Facebook is making more money, but it's spending more, too.
Posted In: Mexico, Enrique Peña Nieto, Obama
President Obama heads to Mexico today to meet with that country's new President Enrique Peña Nieto. The two leaders will discuss immigration reform, trade, and economics.
Posted In: Facebook
There’s good news and bad news from Facebook. Facebook’s revenues only grew 38 percent in the first quarter, while its costs were up 60 percent.
Posted In: Obama, Commerce Department, trade
The president has nominated Penny Pritzker to run the Commerce Department, and Michael Froman as the next U.S. trade representative.
Posted In: fcc, Obama, telecom
The Federal Communications Commission has a new chairman, Tom Wheeler. If confirmed by the Senate, he'll replace Julius Genachowski, who resigned in March.
Posted In: ECB, interest rates, Federal Reserve, Europe debt crisis
The European Central Bank (ECB) has cut interest rates to a record low of 0.5 percent. But how much stimulus can the ECB really provide?
Posted In: human resources, career, insects
A new study out of Switzerland finds carpenter ant colonies have some startling similarities with the structure of our own corporate ladder.
Researchers at the University of Illinois and Northwestern University have developed a unique hemispherical digital camera based on the eye of a fly.
Posted In: college sports, Sports, espn
ESPN and the SEC are announcing the SEC Network, a lucrative TV deal for college sports. What’s so valuable about the SEC? And what’s in the deal for the schools?