Marketplace Morning Report for Tuesday August 19, 2014
First up, the world's biggest mining company, BHP Billiton of Australia and London, has announced that it's going to spin off $16 billion worth of businesses, essentially reversing a merger from 13 years ago. The focus now is old school stuff: digging for iron ore, copper, coal, and oil. And from the old to the new -- we've been following the emerging fortunes of a company that rents out your car while you are away: FlightCar. The peer-to-peer economy is the buzzword. Plus, ever heard the phrase, 'Buy the Rumor, Sell the news’? It’s used a lot these days when journalists cover wall street. But what does it really mean? What kinds of ‘news’ stories impact Wall Street trading, if at all? We report.