Marketplace Morning Report for Wednesday, March 13, 2013

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Episode Description 
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?

PODCAST: Retail sales grow, cybersecurity limbo

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.

Cybersecurity in Obama's Situation Room

President Obama is meeting at the White House this morning with corporate CEO's to talk about cybersecurity. Obama told ABC News that computer attacks are ramping up, including some that are state sponsored.
Posted In: cybersecurity, Obama, Jamie Dimon

In February retail sales bump, wealth effect trumps 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: Retail, retail sales, payroll tax

FAA backs plan to end Boeing's 787 Dreamliner nightmare

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: Boeing, FAA, Dreamliner, Dreamliner 787

Hold your applause, Dow record highs won't last

The Dow broke another record yesterday and is now on its longest record-breaking streak -- six days -- since 1998. And while that sounds great, one man is not happy.
Posted In: stock market, Dow, Investing

Caught in the cross fire? Coca-Cola accused of illegal mapping in China

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: China, gps, Coca-cola

Zara-owner Inditex translates fast-fashion into big profits

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: Retail, fashion, clothing, spain

Tiger Woods may be back on top, but will Nike buy it?

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: Tiger Woods, Golf, Sports, endorsements

10 ways your teenager is using the Internet

Smartphone use by teens is skyrocketing. The Pew Research Center's Internet and American Life Project has new stats on how young people are using technology these days.
Posted In: Internet, mobile, smartphones, teenagers

Keeping Obama's machine -- and mailing list -- going

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?
Posted In: Citizens United, Obama, politics, campaign contributions

@Mayor: Cory Booker on the power of technology

Newark, New Jersey Mayor Cory Booker talks to Marketplace Tech about his new social media start-up and why he tweets so much.
Posted In: new jersey, Twitter, Tech, politics

Music from this show

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Artists' Valley
Bibio
Darko (Booka's Airtube Mix)
Booka Shade
Canto De Ossanha
Jurassic 5
Bend Over Beethoven
(!!! Chk Chik Chick)