04/19/11
Marketplace Morning Report for Tuesday, April 19, 2011
Episode Description:
Marketplace Morning Report for Tuesday, April 19, 2011
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Communist Cuba opens up to private homeownership
Cuba plans to allow people to buy and sell their homes for the first time since 1959.
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Weak earnings do not reflect strong recovery
Juli Niemann, analyst at Smith, Moore and Company, explains how lower-than-expected first quarter earnings do not reflect the state of the recovery, and consumer confidence.
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Goldman Sachs profits beat expectations
Goldman Sachs reported first quarter earnings of $1.56 a share today, after posting a huge decrease in first quarter profits, as Janet Babin explains.
1
Paul Allen on venture capitalism and a new tech bubble
Steve Chiotakis talks to Microsoft co-founder Paul Allen about the first steps to getting a good idea off the ground, why the competitive landscape for tech companies is way tougher than when Microsoft was founded and whether we're in the middle of a new tech bubble.
1
GM hopes to double Chinese car sales by 2015
General Motors continues to target China as its newest growth market. GM will debut the new Chevrolet Malibu at the Shanghai Auto Show this week, and will introduce 60 new and upgraded models there over the next five years.
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Europe unfazed by U.S. debt outlook change
S&P announced yesterday that it would downgrade the outlook on U.S. debt to negative. The news shocked Wall Street and Capitol Hill, but for Europeans, the credit ratings story is old news.
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Research in Motion struggles to keep up with competitors
RIM's new Blackberry Playbook tablet goes on sale today, but most don't expect it will help the tech company come out from behind the pack.
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In Japan, auto parts boss keeps up production
The boss of an auto parts company near the site of last month's earthquake and tsunami will not idle his factory, whatever the challenges.
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Expired patents mean big losses for Big Pharma
With drugs now going generic faster than new ones getting developed, some analysts predict big pharmaceutical companies will report the worst drop in quarterly profits in years.
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