Marketplace Morning Report for Wednesday, August 7, 2013
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Baby formula makers are in hot water in China again. After tainted baby formula scandals, the Chinese government has fined six companies $110 million in penalties for price fixing. Today is the fifteenth anniversary of the bombings of two U.S. embassies in Africa by Al Qaeda. We look at how that day changed the way the U.S. protects its embassies, and what it's costing taxpayers. And, as students across the country head back to school, a discussion of how public school families are being hit with fees for things like laptops and tablets.
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Freddie Mac just posted its second largest profit in history. The offshore-drilling giant Transocean is tied in with BP in the public imagination because of its involvement in the Deepwater Horizon catastrophe but is stronger than ever today. And, with limited maternity leave, many teachers try to have their babies during the summer break.
Posted In: Bank of America, mortgage fraud
The Department of Justice and the SEC are both suing Bank of America for allegedly misleading investors about the risks of mortgage-back securities.
Posted In: public school, family budget
Public school is supposed to be free, but around the country families are being asked to foot the bill for laptops and tablets for their students.
Posted In: China, price fixing
Baby formula companies are in the hot seat in China again.
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