Jun 28, 2011

Marketplace Morning Report for Tuesday, June 28, 2011

Segments From this episode

Microsoft expected to unveil its own cloud service

by Mitchell Hartman

Jun 28, 2011

Microsoft CEO Steve Ballmer is expected to introduce Office 365, the latest computing service entering the 'cloud.'

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Avastin could lose FDA approval

by Gregory Warner

Jun 28, 2011

In an unprecedented public hearing at the FDA, the drug Avastin could lose its approval for treatment of breast cancer.

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Globalist Quiz

Which city accounts for the greatest share of the global economy?

by Stephan Richter

Jun 28, 2011

The Globalist's Stephan Richter administers his latest quiz, this time on the metro area that accounts for the greatest share of global GDP.

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BBC World Service

Spain could be too big to bailout

by Sarah Rainsford

Jun 28, 2011

With an unemployment rate of over 20 percent, and many citizens protesting new wage and budget cuts, many investors have labeled Spain as one of the weaker European economies to watch out for.

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Israeli blockade upheld at Gaza border

by Reese Erlich

Jun 28, 2011

Egypt recently opened the Rafah Gate along its Gaza border to limited access, but Israel is continuing to restrict imports and exports.

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New Jersey asks JPMorgan for a $2.25 billion loan

by Nancy Marshall-Genzer

Jun 28, 2011

Garden State officials are negotiating a temporary bank loan with JPMorgan to cover a revenue gap in the new fiscal year. But is it normal for a state to seek a loan like this?

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States take different paths to reach budget goals

by Marketplace Staff

Jun 28, 2011

Tracy Gordon, visiting fellow at the Brookings Institution, explains how many states are facing budget shortfalls as they reach the end of the current fiscal year.

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Optimism in the housing market

by Marketplace Staff

Jun 28, 2011

Juli Niemann, analyst with Smith Moore and Company, takes a look at today's S&P/Case-Shiller index, and explains why she's "slightly" optimistic about the housing market.

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U.S. retailers look for opportunities in India

by Nancy Marshall-Genzer

Jun 28, 2011

U.S. Treasury Secretary Timothy Geithner is urging India to push ahead with reforms, particularly in the finance sector, to encourage economic ties between the two countries.

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California's new budget deal relies on strong economy, $4 billion in extra income

by Marketplace Staff

Jun 28, 2011

Bob Ward, deputy director of the Rockefeller Institute, explains California's newly proposed budget deal that relies heavily on future tax revenues. But are lawmakers too optimistic about the future?