07/17/12
Marketplace Morning Report for Tuesday, July 17, 2012
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Yahoo has its fifth CEO in five years. This time around, the company has selected a woman named Marissa Mayer, who has spent the last 13 years as an executive at Google. The ailing tech company reports earnings today, as does another big tech company, Intel. And the Hue-Man bookstore, the largest African-American bookstore in the country, will be close its doors at the end of this month, citing rising rents and a changing industry as primary factors.
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New Yahoo CEO Marissa Mayer announces pregnancy
New CEO of Yahoo, Marissa Mayer has just announced her pregnancy. It'll be her first child, and she says she plans to work through her maternity leave. All three weeks of it.
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PODCAST: A new Yahoo CEO, a new banking scandal
Yahoo has its fifth CEO in five years. This time around, the company has selected a woman named Marissa Mayer, who has spent the last 13 years as an executive at Google. The ailing tech company reports earnings today, as does another big tech company, Intel. And the Hue-Man bookstore, the largest African-American bookstore in the country, will be close its doors at the end of this month, citing rising rents and a changing industry as primary factors.
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Goldman to open private bank
In the face of a tough banking market and disappointing earnings, Goldman Sachs announced this week that it will build a private bank -- joining the ranks of UBS and U.S. Trust and others -- that will manage and lend money to very wealthy individuals and companies.
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Bernanke tentative on growth, consumer confidence
This hour Federal Reserve Chairman Ben Bernanke took his regular seat before the Senate Banking Committee. As always, his words are getting careful scrutiny. We break down the good news and the bad news from his testimony.
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Markets await Bernanke's next steps for Fed
Federal Reserve chairman Ben Bernanke will testify on Capitol Hill today, and the big question is: Will he signal that more monetary stimulus is on the way?
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HSBC faces hearing for money-laundering lapses
A congressional watchdog panel will be grilling executives from the British bank HSBC about -- get this -- money laundering, drugs and terrorist financing.
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In Japan, an effort to crowdsource radiation information
In Japan, the radiation from the Fukushima nuclear accident is going nowhere fast. And in many cases, it's not clear where the radiation's OK, and where it's not. That's where a group called SafeCast comes in.
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Yahoo appoints Google exec Marissa Mayer as new CEO
37-year-old Marissa Mayer will become Yahoo's fifth CEO in five years. She's a longtime Google executive and an architect of what the tech world calls the 'Google User Experience.'
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Minority-owned Hue-Man Bookstore to close
The largest African-American bookstore in the country is closing its doors at the end of this month. The Hue-Man Bookstore in Harlem has been around for ten years, but rising rents and a changing industry have made it impossible for it to stick around.
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Russia likely to continue supplying arms to Syria
The U.S. has been pressing Russia to stop sending arms to Syria for much of the 16-month conflict between the government and opposition forces. Russia has said it will not make any new deals with Syria, but it looks like arms will continue to flow.
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Bernanke likely to be queried about LIBOR scandal
Senators are likely to question Federal Reserve chairman about what banking regulators knew about manipulation of key lending rate.
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Intel to kick off a tepid tech earnings season
Weak European demand for technology products hit home in Silicon Valley. Analysts expect subdued second-quarter tech earnings.
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