Marketplace Morning Report for Wednesday, February 1, 2012

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Episode Description 
Super PACs are allowed to spend unlimited cash, as long as they reveal where the money's coming from -- but it is often still hard to know who is making the donations. Gambling isn't the only thing the Nevada economy has to offer in this election year. And does a foreclosed home down the block hurt your chances of staying above water?

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Wall Street's role in the Facebook IPO

After much anticipation, Facebook is expect to file paperwork for an initial public offering soon. Why does it need an investment bank to help?
Posted In: IPO, Facebook

CEO Ron Johnson on revamping JC Penney

JC Penney CEO Ron Johnson, formerly of Target and Apple, explains how he hopes to move the company forward -- in part by looking back to the heyday of department stores.
Posted In: JC Penney, Retail, Malls, ceo

Former British banker gets knighthood revoked

Fred Goodwin led the Royal Bank of Scotland when it nearly collapsed during the financial crisis in 2008. The queen has now taken away his title of knight, leaving him in some less-than-honorable company.
Posted In: Britain, financial crisis, United Kingdom, Queen Elizabeth II

Criminal charges expected for ex-Credit Suisse traders

The government is expected to file criminal charges today against two former traders at the investment bank Credit Suisse for allegedly misstating the value of mortgage bonds back in 2008.
Posted In: Credit Suisse, financial crisis, legal

Federal prosecutors target former Credit Suisse traders

Prosecutors are expected to file criminal charges against traders from Credit Suisse for inflating the value of mortgage bonds back in 2008. Why it has taken so long for these charges to be filed?
Posted In: Credit Suisse, legal, financial crisis

Pfizer recalls a million birth control packs

Drug giant Pfizer is asking women around the country to return certain birth control pills under fears they weren't packaged correctly.
Posted In: Pfizer, birth control, recall

President Obama announces mortgage refinance plan

The president wants to make it easier for homeowners to refinance their mortgages.
Posted In: Housing, refinance, mortgage

PODCAST: Super PACs, big recalls, and too many snow plows

Super PACs are allowed to spend unlimited cash, as long as they reveal where the money's coming from -- but it is often still hard to know who is making the donations. Gambling isn't the only thing the Nevada economy has to offer in this election year. And does a foreclosed home down the block hurt your chances of staying above water?

Turning board games into Hollywood blockbusters

With news that Adam Sandler might be ready to work on a Candy Land movie, we look at whether bringing board games to the big screen can really work.
Posted In: board game, hollywood

The Vegas economy, beyond gambling

Forget about slot machines and blackjack. Las Vegas visitors are increasingly coming to the city to shop, eat and party at the pool.
Posted In: Nevada, tourism, gambling, Las Vegas

Required super PAC disclosures don't reveal all

Midnight was the filing deadline for "super" political action committees to reveal where all the big money flowing into the 2012 presidential campaigns is coming from. But still, it could be a while before we know the names of donors.
Posted In: super PAC, campaign contributions

What to do if you're living next to a foreclosed home

According to one study, the average hit to a home near a foreclosed home is over $7,000 in property value. What you and your neighbors could do if an abandoned property is in the neighborhood.
Posted In: Housing, foreclosure

Amazon's slow burn, courtesy of the Kindle Fire

The massive e-retailer reports less-that-stellar earnings as it struggles to turn its Kindle Fire from a loss to a profit.
Posted In: Amazon, Kindle, kindle fire

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