Marketplace Morning Report for Wednesday, June 29, 2011

Episode Description 
Marketplace Morning Report for Wednesday, June 29, 2011

Zynga IPO expected this week

Social gaming giant Zynga plans to file for an initial public offering this week -- hoping to raise up to $2 billion from investors. Marketplace Tech Report's John Moe explains.

Greece passes tax hike package despite violent protests

Thousands of Greek citizens took to the streets today to protest parliamentary passage of new, tougher austerity measures. Joanna Kakissis explains from Greece.

Bank of America mortgage settlement could set framework for other banks

Richard DeKaser, economist with the Parthenon Group, explains Bank of America's $8.5 billion settlement over risky mortgage backed securities.
Posted In: Banks

Greece: Even more austere

The Greek Parliament voted today to move ahead with austerity measures, paving the way for more rescue loans from Europe, IMF.

Bank of America agrees to $8.5 billion mortgage settlement

Bank of America will pay $8.5 billion to settle claims that the lender sold bad mortgage-backed securities to investors that went bad when the housing boom went bust.
Posted In: Banks

Lagarde's appointment may be a missed opportunity

Simon Johnson, professor at MIT and a former chief economist at the IMF, says newly appointed International Monetary Fund chief Christine Lagarde will favor the interest of French banks, and that the IMF missed an opportunity to emphasize foreign markets.
Posted In: Banks

Germans protest Greece's resistance to austerity measures

Germany is being asked to pay more than any other country to help bailout Greece, but Germany's citizens resent Greece's opposition to tough budget cuts.

Newly-appointed IMF chief prepares to enter an economic battleground

Christine Lagarde is preparing to assume her new role as the head of the International Monetary Fund. But she has to be careful not to show favoritism to Europe, and to not upset international donors.

What's being fought over in the NBA negotiations

It's the players versus the owners, and while a lockout looms, there may be an agreement coming soon.
Posted In: Sports

South Carolina debates using surplus for public schools

The state recently came upon a surprise surplus of money in the budget. Some want to reinstate funds into the K-12 school system, while others argue the money should go back to taxpayers.
Posted In: Education

U.S. government aims to help military spouses find work

The Department of Defense and the Chamber of Commerce team up to create a program to help military spouses find employment.
Posted In: Jobs

Music from this show

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The Great London Traffic Warden Massacre
Ariel Pink's Haunted Graffiti

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