Marketplace Morning Report for Tuesday, March 19, 2013
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The government in Cyprus is scheduled to vote on a controversial tax on bank deposits later today. Could the measure lead to a run on Cypriot banks? The travel industry is up and so are luggage sellers. And shares of yoga apparel maker Lululemon are down after the company announced some of its pants are see-through.
Listen to more audio from this episode
Former FDIC Sheila Bair weighs in on Cyprus' proposed bailout tax on bank depositors. Should generic drugs be liable for drug side effects? And New York City Mayor Bloomberg seeks to ban cigarette displays in stores.
Posted In: Lululemon, yoga, Retail
Lululemon shares were down this morning after the yoga-apparel maker announced yesterday that some of its pants are see-through due to a supplier mistake.
Posted In: cyprus, Europe debt crisis, bailout
Later today, the government of Cyprus will vote on a controversial bailout plan which would tax bank deposits up to 10 percent. The BBC's Nigel Cassidy in Cyprus discusses public reaction to the plan and whether the government will actually pass the measure.
Posted In: generic drugs, pharmaceuticals, Supreme Court
The Supreme Court will hear arguments on Tuesday in a case that could decide whether generic drug makers can be held liable for alleged flaws in the designs of their medications.
Posted In: Credit card, visa, hacking
Tennessee-based retail chain Genesco is suing Visa, saying the penalty it paid for a data breach was wrong.
Posted In: cyprus, FDIC, Sheila Bair
Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corporation, shares her views on the Cyrpriot bailout plan and whether such a levy could ever happen to U.S. depositors.
Posted In: Travel luggage, Travel, Airlines
Travel is up, and so are purchases of new suitcases.