Marketplace Morning Report for Wednesday, March 13, 2013
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The government of the Yunnan province in Western China is going after Coca-Cola over allegedly mapping the province with GPS devices. Tonight President Obama will speak to big money donors at an event for Organizing for Action. The group is run by former campaign aides with the mission of supporting the President's agenda. Since Organizing for Action is a 501(c)(4) non-profit, it can raise unlimited money without saying where it comes from. And is Tiger Woods poised for a comeback?
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Retail sales sprout a surprise bump. Zara-owner Inditex turns fast-fashion into big profits. And President Obama enlists corporate CEO's to help protect against hacking.
Posted In: Retail, retail sales, payroll tax
Retail sales ticked up by 1.1 percent last month according to the Commerce Department. The growth was better than expected, despite higher gas prices and the payroll tax increase that went into effect at the beginning of the year.
Posted In: Boeing, FAA, Dreamliner, Dreamliner 787
The Federal Aviation Administration has approved Boeing's plans for new safety tests that could get its troubled 787 Dreamliner back in the air as early as this spring.
Posted In: China, gps, Coca-cola
The government of the Yunnan province in Western China is going after Coca-Cola. Officials say the company has been illegally mapping the province with GPS devices.
Posted In: Retail, fashion, clothing, spain
The Spanish company Inditex, which owns Zara among other chain stores, has just unveiled an impressive set of figures: a 22 percent jump in profits.
Posted In: Tiger Woods, Golf, Sports, endorsements
Since his marital indiscretions more than three years ago, it's been a long road back to the top. But the buzz around the golf course says there's no question -- Tiger has returned.
Posted In: Citizens United, Obama, politics, campaign contributions
Tonight, President Obama speaks to the non-profit group, Organizing, for America, which some have described as the president's never-ending campaign. Where is the money behind the organization coming from?