02/03/10
Marketplace Morning Report for Wednesday, February 3, 2010
Episode Description:
Marketplace Morning Report for Wednesday, February 3, 2010
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Monthly layoffs at a one-year low
Employment service ADP reports private employers laid off 22,000 workers in January, the smallest drop in a year. Steve Chiotakis talks to Richard Dekaser of Woodley Park Research.
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Toyota's new concern: Prius brakes
Japan has ordered Toyota to investigate possible problems with brakes on its new Prius hybrid model. Bill Radke talks to Marketplace's Amy Scott about customers' complaints and how they will further impact Toyota.
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How's that consumer financial agency?
Buckling to government pressure, Citibank will withhold a fee on low checking accounts. How does this play into the president's agenda for banking regulation? Bill Radke talks to Los Angeles Times business columnist David Lazarus.
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Toyota's electronics draw scrutiny
Congress is now investigating electronics systems on Toyota cars following the automaker's massive recall tied to faulty gas pedals. Bill Radke talks to Marketplace's Amy Scott about how this latest development might affect repairs.
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Fund investing in gay, lesbian markets
Galileo Management is planning to launch a fund that will invest in businesses that cater to gays and lesbians. Jennifer Collins reports.
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How Facebook can make more money
Analysts estimate Facebook earned $500 million in 2009. But with 175 million registered users logging on every day, the site can generate much more revenue. Rico Gagliano reports what the social networker might try to turn a bigger profit.
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Gov't to buckle down on car safety
Toyota's case of faulty gas pedals looks bad for the National Highway Traffic Safety Commission, which has the authority to demand safety info from car and tire makers. John Dimsdale explores how the commission plans to crack down on auto safety.
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Will Greece's austerity plan affect euro?
The European Commission has OK'd Greece's latest austerity plan, but economists question whether the euro can survive the deep cuts the country is proposing on its public spending. Stephen Beard reports.
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AIG to cut bonus pool, distribute early
AIG had promised to pay employees nearly $200 million in bonuses next month, but buckled to pay cut pressure from pay czar Kenneth Feinberg. Amy Scott reports $100 million will go to workers in advance who agreed to the cuts.
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