Marketplace Morning Report for Tuesday, May 17, 2011

Episode Description 
Marketplace Morning Report for Tuesday, May 17, 2011

U.S. Postal Service announces $2.2 billion in losses

The U.S.P.S. is warning that it will become insolvent unless Congress takes action. The institution has lost $20 billion since 2007.

Wal-Mart profits up nearly 4% on international sales

The world's largest retailer announced a rise in first-quarter profits thanks to overseas demand. Juli Niemann, analyst with Smith Moore and Company, explains.
Posted In: Retail

EU considers possible Greek debt restructuring

European finance ministers are considering "reprofiling" Greece's debt. The soft-restructuring could help the struggling country repay its debt and avoid defaulting on loans.

Rosneft pulls out of BP deal

Russian state oil company Rosneft is dropping out of a deal with BP, leaving BP's investors concerned over the company's leadership.
Posted In: Oil

New York probes bank's role in mortgage crisis

New York Attorney General Eric Schneiderman has opened an investigation into the packing of mortgage loans into securities. The inquiry targets Bank of America, Morgan Stanley and Goldman Sachs.
Posted In: Housing

Georgia's new immigration bill might influence what state farmers can grow

Traditional Georgia crops like peaches and vidalia onions may be a lot harder to farm once an Arizona-style immigration bill goes into effect in the Peach State.
Posted In: Immigration

Eurozone prepares for another bailout

Portugal is set to receive $100 billion in loans. It'll be the third bailout for the Eurozone, and emotions across the region range from regret to resentment.

Networking site LinkedIn going public this week

It hasn't gotten the hype and attention its social media peers have, but the business networking site still boasts tens of millions of members.

Florida county tries to recover from real estate crash

Broward County home prices have fallen by nearly half in five years. But the area could be recovering.
Posted In: Housing

Music from this show

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The Heinrich Maneuver
Homecoming (Album Version (Explicit)) [feat. Chris Martin] [Explicit]
Kanye West
May Day
Little Fury
The Breeders
The Oh So Protective One

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