Marketplace Morning Report for Wednesday, December 5, 2012

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Episode Description 
A deal has been reached to end an eight day strike at the ports of Los Angeles and Long Beach, which handle almost half of all the cargo that arrives by sea in this country. The strike prevented billions of dollars of goods from being delivered. In other strike news, students at Emory University in Atlanta took over part of an administration building yesterday to protest cuts to liberal arts programs. And there may be some backroom dealing on Capitol Hill to avoid the fiscal cliff. But don't expect any any gifts to be exchanged. The House Ethics Committee has issued a memo called "holiday Guidance on the gift rule.

PODCAST: Disney deals with Netflix, Citigroup slims down

Netflix and Disney -- is this the most magical match on earth? We'll also talk about Citigroup: Shrinking to suit the times. Working out the skills mismatch between future workers and the companies that need them. The plan to use hedge funds to pay more to Nobel prize winners. And the U.S government tries to make you feel better about both the zombie apocalypse and that other one that happens in 16 days.

Citigroup announces 11,000 layoffs

This morning Citi says that total is about to shrink -- 11,000 job cuts worldwide in the next year or two, some of them at least here in the U.S.
Posted In: Citigroup, layoffs, Banks

American worker productivity gets revised up

American workers were doing more and making more in the past few months. U.S. productivity growth has been revised up for the latest quarter, to an annual rate of almost 3 percent.
Posted In: workers, productivity

Disney deal gives Netflix a boost over competitors

The value of Netflix stock soared by around 14 percent Tuesday, after the company announced it had clinched an exclusive deal to show first-run Disney movies.
Posted In: netflix, disney, streaming, movies

Europe struggles to prepare for the U.S. fiscal cliff

If the U.S. falls off the fiscal cliff at the end of the year, countries across the pond could also suffer the effects.
Posted In: fiscal cliff, Europe debt crisis

Port of L.A. strike comes to a close

A deal has been reached to end an eight day strike at the ports of Los Angeles and Long Beach, which handle almost half of all the cargo that arrives by sea in this country.
Posted In: port of Long Beach, los angeles, import export, ports

Emory students protest planned cuts

Emory University students took over a hallway in an administration building yesterday to protest a reorganization announced at the Atlanta private college that will close several departments and degree programs.
Posted In: university, budget cuts, Emory University

Study reveals skills gap between education and jobs

New McKinsey report finds employers are pessimistic about how well young people are prepared for skilled jobs.
Posted In: Jobs, skills gap

Scrooge visits Congress: Looking at the gift rule

Ethics rules lay out how much holiday cheer members and staff can have on lobbyists' dime.
Posted In: Congress, ethics, holidays, Washington D.C.

Shrunken Nobel Prizes to depend more on hedge funds

The Nobel Foundation's investments haven't done well, forcing the foundation to cut the size of its cash awards. Now it's increasing investments in hedge funds.
Posted In: Nobel Prize

Music from this show

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Lights Out
Sola Rosa
Everything Is Everything
Eddie Palmieri
Losing You
Solange