Marketplace Morning Report®

with David Brancaccio

Marketplace Morning Report for Tuesday, July 3, 2012

The London-based financial services giant Barclays is accused of rigging the level of a key interest rate; now both is chairman of the board and CEO Bob Diamond are stepping down. A group of former bank regulators, company CEOs and U.S. senators is trying to make some waves in Washington this election year. GlaxoSmithKline, the huge British drug-maker, will pay $3 billion in fines and compensation to the U.S. government and the states for pushing doctors to prescribe drugs for uses that weren't approved by the FDA. And in many towns in America this Fourth of July, fear of forest fires is leading to cancelled fireworks displays.

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Economy
A Barclays employee helping to direct delegates to the Barclays bank AGM shelters under an umbrella outside the Royal Festival Hall on April 27, 2012 in London, England.
Oli Scarff/Getty Images
Business
President of Barclays Bob Diamond looks on during the final round of The Barclays Scottish Open at Castle Stuart Golf Links on July 10, 2011 in Inverness, Scotland.
Richard Heathcote/Getty Images

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About the Show

A lot happened while you slept. Marketplace Morning Report® host David Brancaccio explores the latest on markets, money, jobs and innovation, providing the context you need to make smart decisions.