Marketplace Morning Report for Tuesday, September 4, 2012
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Secretary of State Hillary Clinton heads to Beijing today for two days of talks as part of a 12-day swing through Asia. Her visit comes amid a slowdown in the Chinese economy and an uptick in economic tensions between China and the U.S. The European Debt Crisis is spreading from the public sector to the private sector. Companies in some of the weakest European economies are now facing much higher borrowing costs. And Wednesday, Nokia launches a new smart phone which will use Microsoft's operating system. It's the last best chance for Nokia to take on Apple - which is expected to launch the next version of the iPhone this month. For a glimpse into the future we talk to Brian Chen, who writes for the New York Times Bits Blog.
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Posted In: Amazon, netflix
Shares of Netflix fell Tuesday on news that Amazon has inked a deal with a rival provider of on-demand movies and TV shows.
Posted In: DNC, lobbyist
Lobbyists are working behind the scenes to make their mark at the Democratic National Convention in Charlotte, North Carolina, this week.
Big fund investors are more cautious than usual over uncertainty over the upcoming fall presidential election and the European financial crisis.
Posted In: Europe debt crisis, debt
Companies in some of the weaker eurozone economies are facing much higher borrowing costs, as much as 50 percent higher than for companies in Germany.