Marketplace Morning Report for Wednesday, February 8, 2012

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Episode Description 
The Federal Reserve could vote today on a proposed merger between Capital One and ING Direct USA. We talk to two unemployed Spanish women about what it is like to live in a country with such poor job prospects. The Grand Canyon announces a ban on bottled water, despite fears that Coca-Cola, a big parks sponsor, would react badly. And Wal-Mart chooses a new head for its China operations.

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Some banks offer extra incentive to short sell homes

Bloomberg News reports a case of a J.P. Morgan Chase letter to a homeowner that said "you could sell your home, owe nothing more on the mortgage, and get $30,000."
Posted In: short sell, foreclosure, JPMorgan, underwater mortgage
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Nokia announces more layoffs

Nokia is to Finland what General Motors once was to the U.S. But as the company fades, it opens up room for new, smaller tech companies to matter.
Posted In: nokia, Finland, angry birds
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Grand Canyon announces ban on bottled water

Waste concerns lead to a ban on bottled water at the national park despite fears that Coca-Cola, a big parks sponsor, would react badly.
Posted In: grand canyon, bottled water, Coca-cola
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Trial continues for accused Ponzi schemer Allen Stanford

The former CEO of the Stanford Financial Group is considered the biggest accused Ponzi schemer to be tried. One of the government’s key witnesses testifies this week.
Posted In: ponzi, Allen Stanford, trial
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Irish citizens boycott new homeowners tax

Packed, town hall-style meetings have sprung up all across Ireland over the past several weeks.
Posted In: Ireland, homeowners tax, austerity
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Spanish people facing unemployment over 20%

We speak to two unemployed Spanish women in Madrid about the dire job situation in their country.
Posted In: spain, Madrid, Unemployment, Europe debt crisis
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Biggest war chest not necessarily deciding primaries

Rick Santorum, the candidate who has raised the least amount of money, recently won three primaries. Does this mean money doesn't matter as much as we thought?
Posted In: super PAC, campaign spending, Rick Santorum, 2012 campaign
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House GOP introduces version of insider trading bill

Republicans in the House of Representatives have introduced their version of an anti-insider trading bill. The version that passed the Senate had provisions that focused specifically on those who traffic in 'political intelligence.'
Posted In: insider trading, politics, Congress, Washington D.C.
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Yahoo chairman, board members step down

More shake ups are announced at Yahoo, following the recent departure of co-founder Jerry Yang.
Posted In: Yahoo, Jerry Yang, technology
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A little risk in the portfolio could be worth it

The markets will always have their ups and downs, but Josh Brown of Fusion Analytics thinks the best way to prepare for a long retirement is to keep a little risk in your portfolio, especially as markets are looking up.
Posted In: stock market, Retirement, stocks
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PODCAST: Smelly bus stations and a sauerkraut highway

The Federal Reserve could vote today on a proposed merger between Capital One and ING Direct USA. We talk to two unemployed Spanish women about what it is like to live in a country with such poor job prospects. The Grand Canyon announces a ban on bottled water, despite fears that Coca-Cola, a big parks sponsor, would react badly. And Wal-Mart chooses a new head for its China operations.
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In Russia, traffic jams are a little different

Traffic jams are a nightmare in Russia. But for some high ranking officials, breaking free is as simple as turning on a light.
Posted In: Russia, Traffic, protests, Vladimir Putin
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Federal Reserve considers Capital One-ING Direct merger

Capital One wants to link up with the Internet Bank ING Direct USA in a $9 billion deal, but it has to get approval from the Federal Reserve.
Posted In: banking, ING Direct USA, Capital One, Federal Reserve
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New leader picked for Wal-Mart China

Wal-Mart has a new head of China operations. New Zealander Greg Foran will need to execute a strategy that is based on more than cheap prices.
Posted In: China, Wal-Mart, Walmart

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