Marketplace Morning Report for Wednesday, August 7, 2013

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Episode Description 
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.

PODCAST: After BP spill, Transocean still going strong

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.

Freddie Mac is in the money

The government-backed mortgage lender just posted its second largest profit in history.
Posted In: Freddie Mac, Fannie Mae

U.S. accuses Bank of America of mortgage-backed securities 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: Bank of America, mortgage fraud

Many teachers schedule summer babies

With limited maternity leave, many teachers try to have their babies during the summer break.
Posted In: teachers, maternity leave

Public school families hit with fees as kids go back to school

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: public school, family budget

China fines companies for baby formula price fixing

Baby formula companies are in the hot seat in China again.
Posted In: China, price fixing

After BP spill, Transocean remains pioneer

The offshore-drilling giant Transocean is tied in with BP in the public imagination because of its involvement in the Deepwater Horizon catastrophe.
Posted In: BP, Transocean, Halliburton

Embassy terror changed national security spending

Fifteen years after the Al Qaeda bombings in East Africa, spending on embassy security has soared -- and not just there.
Posted In: embassies, state department

Music from this show

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Your Hand In Mine
Explosions In The Sky
Big Ego's (Instrumental Version)
Dr. Dre
Mulholland Drive: Original Motion Picture Score
Angelo Badalamenti, David Lynch
Blue Bossanova
Bossanova