Support Marketplace

Marketplace Morning Report for Wednesday, April 18, 2012

Episode Teaser Image 
Episode Description 
Citigroup's shareholders have said 'no way' to a hefty pay package for senior executives, including a $15 million dollar salary for bank's CEO. The White House is threatening to veto a transportation bill in the House after legislators tacked on an approval for the controversial Kestone XL oil pipeline -- even though the company building the pipeline says it's secured almost all the land it needs to begin construction of a shortened line from Oklahoma to the Gulf Coast. And Hulu joins online rival Netflix in producing original web-only content, and looking for new advertising revenue.

Chicago's speed cameras: Safety tool or cash cow?

The Chicago City Council may allow allow speed cameras around the city, with fines as much as $100. Mayor Rahm Emanuel says it'll improve safety for kids. Others call it a cash grab.
Posted In: speed limits, driving, Chicago

Keystone XL pipeline runs into landowner scrutiny

TransCanada has secured almost all the land it needs to begin construction of the XL Pipeline. But a few landowners are holding out.
Posted In: Keystone pipeline

Citigroup shareholders: 'No' on proposed executive pay

Citigroup shareholders said no dice to a hefty pay package for senior executives, including a $15 million salary for Citigroup's CEO.
Posted In: Citigroup, shareholders

Warren Buffett battling cancer, holding on to company

Billionaire investing legend Warren Buffett has been diagnosed with early-stage prostate cancer. The CEO and chairman of Berkshire Hathaway is assuring shareholders his disease is not life threatening.
Posted In: Warren Buffett, Berkshire Hathaway

Amazon acquires rights to James Bond novels

Amazon is stepping up its publishing push, with help from none other than Agent 007. The online bookseller has just acquired the rights to the James Bond novels behind the movies.
Posted In: Amazon, publishing, James Bond

Shareholders react to Warren Buffett's illness

Billionaire investor Warren Buffett has announced he has prostate cancer. The 81-year-old told shareholders in a letter that the cancer is in its early stages, and he'll continue to head up Berkshire Hathaway.
Posted In: Warren Buffett, Berkshire Hathaway

Citigroup investors push back on exec pay packages

Fifty-five percent of the bank's shareholders voted against pay packages for top execs, including $15 million in compensation for CEO Vikram Pandit. The vote is advisory only, though, and thus doesn't actually force a change in Citi's pay practices.
Posted In: banking, executives, Citigroup

Are Citigroup's shareholders starting a trend?

Citigroup stock is down 0.1 percent , that after shareholders in an advisory vote said no dice to a hefty pay package for executives, including a $15 million salary for Citigroup's CEO.
Posted In: Citibank, Citigroup, shareholders, ceo

PODCAST: Warren Buffett stays in the game, Citigroup shareholders speak their mind

Citigroup's shareholders have said 'no way' to a hefty pay package for senior executives, including a $15 million dollar salary for Citigroup's CEO. The White House is threatening to veto a transportation bill in House after legislators tacked on an approval for the controversial Kestone XL oil pipeline, even though the company building the pipeline says it's secured almost all the land it needs to begin construction of a shortened line from Oklahoma to the Gulf Coast. And Hulu joins online rival Netflix in producing original web-only content, and looking for new advertising revenue.

LVMH sales bump up 25 percent

The luxury brand responsible for Louis Vuitton and Dom Perignon saw its sales grow 25 percent in the first quarter of the year. But it turns out, it isn't all because of those upscale products.
Posted In: LVMH, luxury, high-end retail, Sephora

Nestle in talks to buy Pfizer's baby food business

Reuters reports Nestle is closing in on a deal to buy Pfizer's infant nutrition business for up to $10 billion. That's a lot of baby formula.
Posted In: baby, Nestle, Pfizer

Hulu to pitch original programming at upfronts

Usually, it's network broadcasters and cable channels that pitch advertisers at the upfronts. Now, there are new kids on the block.
Posted In: hulu, Entertainment

Corruption still endemic in Russia

Just because Vladimir Putin was re-elected to the presidency doesn't mean he can relax. Many former protesters were entrepreneurs who are still battling corruption and red tape.
Posted In: Russia

Fracking linked to more Midwest earthquakes

The U.S. Geological Survey says a "remarkable" increase of earthquakes in the U.S. mid-continent since 2001 is "almost certainly" the result of oil and gas production. How will these findings impact the fracking industry?
Posted In: fracking

Music from this show

Click below to purchase songs from this show through our Amazon affiliate.

La Femme D'argent
Air
Modern Man
Arcade Fire
Stars All Seem to Weep
Beth Orton
Voices From Cellar X
Illform
Illinoise
Sufjan Stevens