Marketplace Morning Report for Tuesday, November 8, 2011
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Italian Prime Minister Silvio Berlusconi may have just managed to hold on to power today after winning a key parliamentary vote. There were more jobs advertised in September than at any other time in the last 3 years -- sign the job market could be getting better. Japanese car maker Toyota said profit fell by more than 18 percent in its last quarter. General Motors today rejected a plan for two Chinese companies to take over Swedish automaker Saab. GM is still a preferred shareholder in Saab. In Japan, the 92-year-old camera company Olympus admitted it has been covering up losses for decades.
After increasing pressure on the Italian prime minister, a budget vote was passed through parliament today. But it might be the beginning of the end for the leader.
Prime Minister Silvio Berlusconi might be able to hold on to power in Italy, but there are still calls for a "technocratic" government to fix the country's problems.
If Silvio Berlusconi is removed from power, it will certainly mark the end of an Italian political era, but it may not do much for the current financial crisis.
The drama continues to unfold in Europe today, as politicians in both Italy and Greece face challenges.
Posted In: Mergers and Acquisitions
Japanese camera company Olympus has been hiding its financial losses for years by inflating fees to advisers.
Today is election day, and there are a number of measures being voted on in states across the U.S. that could have lasting economic impacts.
Voters will decide whether to limit the collective bargaining power of more than 350,000 unionized government workers.
A new documentary takes a look at how billboard advertising is infiltrating our lives in a negative way.
Posted In: Entertainment
The eighth iteration of the popular video game is already one of the highest grossing entertainment franchises of all time.
Posted In: Sports, boxing
The rivalry between Muhammad Ali and Joe Frazier was one of sports legend. But what has happened to boxing since those days?