Marketplace Morning Report for Wednesday, July 2, 2008

Episode Description 
Marketplace Morning Report for Wednesday, July 2, 2008

Blockbuster takes back Circuit City bid

Blockbuster has taken back its billion-dollar bid for electronics chain Circuit City. Weak sales and stiff competition are partially to blame. Amy Scott reports Circuit City may still be looking for a buyer.
Posted In: Mergers and Acquisitions

McCain supports Colombia free trade

Republican presidential candidate John McCain is in Colombia today in support of a free trade deal. Democratic candidate Barack Obama does not support the deal. Dan Grech has more on the specifics of the proposed agreement.

Afghanistan working to bare fruit

Afghanistan has an age-old reputation as an exporter of high quality nuts and dried fruits, but many orchards and a great deal of knowledge were lost in wartime. Gregory Warner explores the country's seeds of regrowth.
Posted In: Agriculture

Manufacturing data not hard

The Commerce Department releases numbers on factory orders this morning, following yesterday's manufacturing survey. But Ashley Milne-Tyte market volatility means these reports aren't always what they appear.
Posted In: Economy

InBev threatens to get hostile

Stella Artois parent InBev is warning Anheuser-Busch that it could get hostile. Stephen Beard reports InBev is prepared to make an appeal directly to shareholders, some who are receptive to the company's bid.
Posted In: Mergers and Acquisitions

A very big pot of Irish gold

An exploration company has discovered a huge gold mine in Ireland which could be the biggest ever found in the British Isles. Joe Zefran reports the mine will create 600 new jobs and take three to four years to open.

Wal-Mart confronts working suits

A Minnesota judge ordered Wal-Mart to pay $6.5 million yesterday for labor law violations. But Jeremy Hobson reports the case is just one in 70 lawsuits around the country alleging the same issues.
Posted In: Crime, Jobs, Retail

Government only helps wage disparity

In a new report, the United Nations points out that governments need to take more action against economic inequality. But commentator Will Wilkinson says the government plays a big role in maintaining that disparity.