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Marketplace Morning Report for Wednesday, April 4, 2012

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Episode Description 
The Federal Reserve has released its latest minutes as well as the results of an investigation which found that the Fed didn't contribute funds to Watergate, or other scandalous causes. The U.S. is increasing pressure on Iran to curb its nuclear program, but India -- a long-time U.S. ally -- is reluctant to go along. And last year, Starbucks initiated the Create Jobs for USA Fund; because of its success, Google and Gap are ready to join in.  

PODCAST: Yahoo cuts 2,000 jobs, James Bond grabs a Heineken

The Federal Reserve has released its latest minutes as well as the results of an investigation which found that the Fed didn't contribute funds to Watergate, or other scandalous causes. The U.S. is increasing pressure on Iran to curb its nuclear program, but India -- a long-time U.S. ally -- is reluctant to go along. And last year, Starbucks initiated the Create Jobs for USA Fund; because of its success, Google and Gap are ready to join in.

Study: Intelligent people less likely to take sick leave

According to a new study out in the U.K., there is a correlation between intelligence levels and the likelihood that someone will end up on long-term sick leave.
Posted In: Health, Britain, employee benefits

Yahoo to chop 2,000 more jobs

Shares of Yahoo are down this morning. The Internet giant is handing out 2,000 pink slips today. It's the sixth mass layoff for the tech company in just the past four years.
Posted In: Yahoo, Jobs, technology, Internet

India's oil purchases from Iran irk U.S.

India is a U.S. ally but also one of the top importers of Iranian oil. It could face U.S. sanctions unless it curbs these oil purchases.
Posted In: Oil, India, Iran

P&G bars office access to Pandora, Netflix

Proctor & Gamble has shut down access to Pandora and Netflix for all its employees globally.
Posted In: Entertainment, netflix, Facebook, workplace

Starbucks finds partners for job fund

Google Offers and Banana Republic are the first businesses to join Starbucks in raising money for its U.S. job creation fund.
Posted In: starbucks, Jobs, Create Jobs for USA

STOCK Act becomes law

Today President Obama will sign the STOCK Act -- short for “Stop Trading On Congressional Knowledge.” It says Capitol Hill finally has to follow the same insider trading rules as everybody else.
Posted In: STOCK Act, insider trading, Congress, stock market

Foreign chains struggling in Syria

The economic and social unrest in Syria is making it difficult for foreign businesses, like KFC, Cinnabon and United Colors of Benetton, to expand there.
Posted In: syria, KFC

Fed money played no role in Watergate

At the Federal Reserve's latest meeting, only two of 10 voting committee members support additional stimulus. The Fed inspector general, meanwhile, released a report that Fed money didn't contribute to the Watergate burglary, or to Saddam Hussein and Iraq getting weapons in the 1980s.
Posted In: Federal Reserve, Ben Bernanke, Ron Paul, Watergate

Groupon shareholder sues over alleged misinformation

The daily deals website Groupon is being sued by a shareholder who says the company misled investors about its finances. Last week Groupon revised its fourth quarter earnings saying it failed to set aside enough money for customer refunds.
Posted In: groupon

China's premier calls for break up of bank monopoly

A top Chinese official called for the country to crack down on its bank monopoly. Small businesses have had trouble getting loans and that's putting a damper on China's growth.
Posted In: China

Markets react to Fed news, ADP jobs report

The payroll processing company ADP said the U.S. private sector added 209,000 jobs last month, a sign that job growth has yet to be affected by high gas prices. The seeming recovery has also led the Fed to announce it will ease off with quantitative easing.
Posted In: Federal Reserve, employment, quantitative easing

Music from this show

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Babylon of the Occident (Instrumental)
The Shanghai Restoration Project
Black & Blue (Album Version)
Miike Snow
Reality
RJD2
Sunshine
Devotchka
Someone Great
LCD Soundsystem