Marketplace Morning Report for Wednesday, August 15, 2012

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The stock price of Standard Chartered Bank is up sharply this morning, after the British bank settled with New York State regulators for $340 million after allegations that it hid thousands of financial transactions with Iran. Wal-Mart reports its quarterly earnings this morning. The world's largest retailer has seen its stock rise sharply over the last three months -- good news for Wal-Mart, but not necessarily great news for the economy. And different parts of the country have experienced the housing collapse in different ways. But some places have a housing market that seems totally disconnected from the rest of the nation. Just ask the real estate agents in North Idaho.

The best place to start up a company

The best place for a budding business might not be where you think.
Posted In: mid-day extra, startup

PODCAST: Retailers join forces for mobile payment

The stock price of Standard Chartered Bank is up sharply this morning, after the British bank settled with New York state regulators for $340 million after allegations that it hid thousands of financial transactions with Iran. Wal-Mart reports its quarterly earnings this morning. And the company is teaming up with other big retailers to offer a mobile payments network. And different parts of the country have experienced the housing collapse in different ways. But some places have a housing market that seems totally disconnected from the rest of the nation. Just ask the real estate agents in North Idaho.

TV drama production fleeing Los Angeles

There are 23 new hour-long dramas debuting on the broadcast networks this fall, but only two will be shot in L.A. County. What's causing TV to look outside of Hollywood?
Posted In: los angeles, television

Major retailers team up for mobile payment plan

We've got news this morning that a group of major retailers, including Walmart, Target and 7-Eleven, are teaming up to create their own network for mobile payments. It's one more way for stores to draw you closer -- and get a jump on outsiders, like Google.
Posted In: mobile payments, Walmart, Retail

Staples loses sales, Target nabs a profit

Shares in the office supply store Staples are down 15 percent this morning after the company said its sales dropped 5.5 percent last quarter. Meanwhile, the discount retailer Target said it made a $700 million profit last quarter
Posted In: staples, office, Earnings, Target

How Australian cigarette restrictions compare to others

Today, Australia's highest court ruled the government there can go ahead with plans to force tobacco companies to sell cigarettes with nothing but a plain package -- no branding at all, just those graphic warnings that say tobacco can kill you.
Posted In: Australia, cigarettes

How Americans view the deficit

Has the attitude about debt and the deficit changed over time?
Posted In: deficit-cutting, women, debt

Brazil to inject stimulus after disappointing growth

Brazil has been a bright spot in the global economy in recent years. But things are starting to slow down -- so today, the government is launching a stimulus package of sorts.
Posted In: brazil, stimulus

Consumer confidence varies from state to state

Our latest reporting on U.S. consumer confidence says it jumped up last month. But what does that mean where you live?
Posted In: consumer confidence, Washington D.C.

Greece hopes for more time to set up austerity

Greece's current government took power in June -- since then the world's been waiting for the specific plan to push things forward with Europe. This morning, the Financial Times this morning has a look at the plan Greece's prime minister will bring to the table next week with German and French leaders.
Posted In: Greece

Standard Chartered shares up after settlement

Standard Chartered was on the brink of going to court because of allegations that it hid thousands of financial transactions with Iran. Instead, the bank settled without admitting any wrongdoing.
Posted In: Banks, Standard Chartered, settlement

Pac-12 universities launch sports networks

The Pac-12 Conference begins broadcasting college athletics on one national network and six regional ones.
Posted In: Pac-12, college sports

The paradox of the Walmart economy

Walmart's business has been on an upswing. But is it true that as goes the nation’s biggest retailer, so goes the nation’s economy?
Posted In: Walmart

Survivalists drive housing market in Idaho

Homebuyers preparing for a disaster -- natural, economic or otherwise -- have helped the housing market in remote north Idaho weather the downturn.
Posted In: Housing, idaho

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