Marketplace Morning Report for Tuesday, May 22, 2012

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There's a new warning this morning from the Organization for Economic Cooperation and Development that says the 17 nations that use the euro are at risk of falling into a severe recession. It's been two years since the BP Oil Spill in the Gulf of Mexico, and today officials from government are looking at one item central to that spill: the blowout preventer. As soon as next week, Southwest Airlines could get clearance to build a brand new international terminal at Houston's Hobby airport -- but one competitor is doing its best to thwart those plans.
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OECD issues European recession warning

The Organization for Economic Cooperation and Development warns the eurozone nations of severe recession risk, and calls on the European Central Bank to step in to stem the crisis.
Posted In: Organization for Economic Cooperation and Development (OECD), ECB, Europe, eurobond
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SpaceX launch could pave way for private sector funding

The private company SpaceX today launched an unmanned rocket into space this morning, carrying cargo for the international space station.
Posted In: space, NASA, private sector
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Could Facebook's IPO be unveiling a new tech bubble?

The stock tanked 11 percent yesterday, and a technology glitch marred its first day of trading Friday. Some look at the disappointing debut and wonder if something's amiss generally in the tech sector.
Posted In: Facebook, IPO, tech bubble
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Remembering the tornado in Joplin, Mo. one year later

Today is a day of remembrance in Joplin, Missouri. It's been exactly one year since the nation's deadliest tornado in 60 years killed 161 people there.
Posted In: Joplin, missouri, tornado
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Iran accepts U.N. investigation of nuclear program

The top nuclear official at the United Nations said today that a deal has been reached with Iran to allow the U.N.’s investigation into Iran’s nuclear program to continue. So what does this mean for the price of oil, which spiked earlier this year because of tensions with Iran?
Posted In: Iran, Oil, United Nations, gas prices
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Google Chrome now most used browser

There's word today that the most used Internet browser in the world is no longer Microsoft Explorer. It's the one Google makes, called Chrome.
Posted In: Google
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PODCAST: Joining forces for Wi-Fi, rebranding drought

There's a new warning this morning from the Organization for Economic Cooperation and Development that says the 17 nations that use the euro are at risk of falling into a severe recession. It's been two years since the BP Oil Spill in the Gulf of Mexico, and today officials from government are looking at one item central to that spill: the blowout preventer. As soon as next week, Southwest Airlines could get clearance to build a brand new international terminal at Houston's Hobby airport -- but one competitor is doing its best to thwart those plans.
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Improved safety device could prevent BP-type oil spills

The National Academy of Engineering is recommending that oil and gas companies spend millions on a modified blowout preventer. This is the $45 million device that failed and caused the BP oil spill in the Gulf of Mexico.
Posted In: bp oil spill
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The fight over international flights from Houston

United Airlines hopes to reroute plans by Southwest, and stop a new international terminal from being built at Hobby Airport.
Posted In: Airlines, southwest, United Airlines, Houston
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Businesses may lose census survey

The American Community Survey from the Census Bureau has been a useful business tool for decades. Washington budget-cutters want to ax it.
Posted In: census
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Why disclosure wasn't enough to stop JPMorgan losses

After the financial crisis of 2008, regulators focused on the idea of disclosure to prevent further problems in the financial industry. But what happens when the bank itself doesn't know how bad things are?
Posted In: banking, financial crisis, JPMorgan, Jamie Dimon

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