Marketplace Morning Report for Tuesday, April 17, 2012

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You have until midnight tonight to file your taxes with the IRS. And if you're thinking about deducting a phony business lunch or padding your mileage -- you're not alone. Speaking of the IRS, it wants to require U.S. banks to report the interest payments they make to wealthy foreigners. That's creating some trouble down on the Mexican border where banks are worried about losing customers. Yesterday, Argentina announced plans to take back its oil industry from a Spanish company. And the disease known as "citrus greening" that has ravaged orange and other crops in Florida for the past seven years has been spotted in California.

Fund for U.S. exporters gets Tea Party scrutiny

The Senate Banking Committee will decide whether to reauthorize the Export-Import Bank, which supports U.S. jobs through exports. But small government advocates say it's time to rethink the program.
Posted In: import export

Citrus disease threatens California fruit trees

The citrus disease known as “Huanlongbing” has been raging for seven years, killing millions of orange and grapefruit trees across Florida. Now it’s been detected in California.
Posted In: Agriculture, oranges

Mexicans worried about disclosure rules for U.S. banks

The IRS plans to require U.S. banks to report interest payments to nonresident depositors. Mexican nationals are concerned the sensitive info will wind up in the wrong hands.
Posted In: IRS

What small tax cheats can cost the government

You have until midnight tonight to file your taxes with the IRS. And if you're thinking about deducting a phony business lunch or padding your mileage -- you're not alone.
Posted In: Taxes

Argentina moves to nationalize its largest oil company

Spanish oil giant Repsol currently controls Argentina's largest national oil company, but perhaps not for long.
Posted In: Argentina, spain, Repsol, Oil

World Bank names Jim Yong Kim as new head

The World Bank is getting a new president. Jim Yong Kim, who's currently the head of Dartmouth College, will be taking over the Washington-based global lending institution beginning this summer.
Posted In: Jim Yong Kim, World Bank, developing countries

Senate rejects Warren Buffett tax rule

The Senate yesterday rejected the so-called Warren Buffett Rule, a minimum tax on millionaires. It was a mostly party-line vote: Democrats saying "aye," Republicans "nay."
Posted In: Taxes, Buffett Rule, Senate

Apple shares feel a blow from 'profit taking'

Apple's shares dropped about 4 percent yesterday. Its five-day losing streak has wiped out some $60 billion in Apple's market value.
Posted In: apple, stock, profits

ExxonMobil to team up with Russian oil company

ExxonMobil has sealed a landmark deal with Russia's state oil producer. Exxon CEO Rex Tillerson was in Moscow to announce the deal, which gives the U.S. oil giant access to Russia's vast oil fields.
Posted In: Russia, Oil, ExxonMobil

Housing starts drop, a crackdown on oil price manipulation

There was an unexpected drop last month in housing starts. Meanwhile, President Obama has plans to crack down on those who manipulate oil prices.
Posted In: Oil, Housing

PODCAST: Obama cracks down on manipulation, Coca-Cola sells more bottles

You have until midnight tonight to file your taxes with the IRS. And if you're thinking about deducting a phony business lunch or padding your mileage -- you're not alone. Speaking of the IRS, it wants to require U.S. banks to report the interest payments they make to wealthy foreigners. That's creating some trouble down on the Mexican border where banks are worried about losing customers. Yesterday, Argentina announced plans to take back its oil industry from a Spanish company. And the disease known as "citrus greening" that has ravaged orange and other crops in Florida for the past seven years has been spotted in California.

President Obama targets oil price manipulators

President Obama announced a new crackdown on illegal manipulation of oil prices by traders. He's asking for stronger regulations, bigger penalties for violators and more cops on the regulatory beat.
Posted In: Barack Obama, Oil

Dark meat chicken returns

According to a new report in the Wall Street Journal, dark meat chicken is once again rising in popularity compared to its lighter counterparts.
Posted In: Food, chicken

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