Marketplace Morning Report for Thursday, November 29, 2012

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Insider trading charges could be coming to one of the nation’s biggest hedge funds: SAC Capital Advisors. But will the hedge fund's owner be implicated? Strong unions and labor laws have kept struggling carmakers from cutting plants in Germany, but that may be about to change. An effort to build the Western Hemisphere's largest seawater desalination plant faces a crucial test today. San Deigo's regional water agency will vote on whether to buy all the water the plant would produce.  

GM looks to close German autoplant

Strong unions and labor laws have kept struggling carmakers from cutting plants in Germany, but that may be about to change.
Posted In: Germany, Europe, Auto, GM

PODCAST: Higher GDP growth, financial scandals

The Commerce Department has revised up its GDP growth estimate for the previous quarter, but it's what's inside that counts. And two scintillating new reports: One on the British phone-hacking scandal, another looking into what happened to turn a major bank in Afghanistan into a 'Ponzi scheme.'

Report calls Kabul Bank a 'ponzi scheme'

A new report says that the now collapsed Kabul Bank in Afghanistan acted as a 'ponzi scheme.'
Posted In: afghanistan, bank, fraud, ponzi scheme

Americans start to see light in economy

Consumer confidence at a five-year high according to new data this week. But what exactly makes us so confident?
Posted In: Economy, Jobs, consumer confidence

GDP revised up to 2.7%, investment revised down

Though the latest GDP numbers are up and jobless claims are down, the economic details tell a gloomier story.
Posted In: GDP, Economy, jobless

Americans choose sides on words, not just politics

The polling firm Gallup has gathered new data on how Americans feel about certain key economic phrases such as free enterprise, capitalism, and federal government.
Posted In: fiscal cliff, Democrats, Republicans

UK press may face tougher regulation after hacking scandal

UK officials are expected to recommend a new, tougher media regulatory body following a series of phone-hacking, bribery, and data theft abuses by the country's newspapers.
Posted In: UK, hacking, news media, media

UPDATE: Giant desalination plant faces key test in San Diego

An effort to build the Western Hemisphere's largest seawater desalination plant faces a crucial test today, as San Diego's regional water agency votes on whether to buy all the water the plant would make.
Posted In: desalination, water, california, San Diego

In insider trading cases, getting to the top of the food chain

Insider trading charges could be coming to one of the nation’s biggest hedge funds: SAC Capital Advisors. But will investigators implicate the hedge fund's owner?
Posted In: insider trading, hedge funds

'Well, blow me down!' Popeye is out at Popeyes

The spinach-chomping sailor loses his contract as a fast-food pitchman.
Posted In: fast food, branding

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