09/11/12
Marketplace Morning Report for Tuesday, September 11, 2012
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Today in Chicago, day two of the teachers' strike begins. The city and the teachers union failed to agree on a new contract, and around 30,000 educators are on strike. It's a rocky second day for another big organization: After a seven-year effort to open a part of the Arctic Ocean to oil drilling, Shell Oil has already hit a snag. And Apple is expected to unveil the new iPhone 5 at a huge press conference tomorrow in San Francisco. Of course, no one pitched a new product like Steve Jobs. He made those launches famous. This time, Apple's Chief Presenting Officer will be Tim Cook. What does it take to make a great pitch?
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Spanish leader yet to agree on bailout conditions
Last week in Europe there was relative euphoria: The European Central Bank said it stood ready to buy the government bonds of any nation that came seeking its help. That would help countries like Spain and Italy keep their borrowing costs down, and keep them from lapsing into financial crisis.
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PODCAST: Chicago teachers on strike, luxury takes a hike
Today in Chicago, day two of the teachers' strike begins. The city and the teachers union failed to agree on a new contract, and around 30,000 educators are on strike. It's a rocky second day for another big organization: After a seven-year effort to open a part of the Arctic Ocean to oil drilling, Shell Oil has already hit a snag. And Apple is expected to unveil the new iPhone 5 at a huge press conference tomorrow in San Francisco. Of course, no one pitched a new product like Steve Jobs -- but what does it take to make a great pitch?
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Poor Burberry earnings point to problems for luxury market
Shares of Burberry are down more than 18 percent this morning. The luxury retailer slashed profit forecasts and warned that the luxury goods market is headed for hard times.
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Is France the euro nation to worry about?
The euro's second-largest economy (and the man who leads it) has been in the spotlight recently. France finds itself in a similar bind as Greece, Italy and Spain -- how do you balance the state budget without crippling economic growth?
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Chicago teachers' strike begins second day
Questions about how to care for children while their teachers are on strike are among the issues plaguing leaders and residents in Chicago.
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Rare hantavirus hurts tourism around Yosemite
The famous national park has eight cases of the rare pulmonary virus with three deaths so far -- and is alerting tens of thousands of summer visitors they may be at risk. Campsites were easy to get over the Labor Day weekend.
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Shell drills in the Arctic, opening new waters to oil
Shell's start on a pilot well in once-frozen Arctic waters comes after $4 billion in preparation. It could take 10 years for this first Arctic well to produce oil.
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In one Virginia county, two very different tales
Once reliably Republican, Loudoun County, Va., is a now a toss-up with a changing population.
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The rise of the CEO pitchman
From Frank Perdue and his chickens to Lee Iacocca and his cars, product pitches by CEOs are not uncommon. But since Steve Jobs' performances at Apple, they've become part of the job description for tech CEO.
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