Marketplace Morning Report for Wednesday, May 11, 2011

Episode Description 
Marketplace Morning Report for Wednesday, May 11, 2011

Rajaratnam found guilty

Galleon Group hedge fund founder Raj Rajaratnam was convicted today on all 14 conspiracy and securities fraud charges of insider trading.
Posted In: Wall Street

AIG to sell $9 billion in shares this month

The U.S. government and AIG announced a plan to send the firm back towards private ownership. Richard DeKaser, economist with the Parthenon Group, explains.
Posted In: Wall Street

Beijing to Shanghai high-speed rail line to open

The long-anticipated high-speed rail route from Beijing to Shanghai will start a one-month trial operation today before its formal launch in late June.
Posted In: Transportation

Starbucks chief blames high coffee prices on speculators

Howard Schultz has accused speculators of pushing up the price of coffee to a 34-year high. He is calling for more transparency when it comes to coffee trading.
Posted In: Food

Greece strikes over austerity measures

Greek labor unions are planning a general strike and mass protests today against the country's economic austerity measures. Joanna Kakissis explains.

Lawmakers question U.S. support of Pakistani counter-terror programs

After Osama bin Laden's death, many American politicians are reevaluating the U.S.'s roll in funding counter-terrorism efforts in Pakistan.

Toyota profit drops 77% after earthquake, tsunami

The world's largest car marker said its fourth-quarter profit slumped 77 percent after the devastating earthquake in Japan halted production.
Posted In: Auto

How the storms could help the housing market in the South

The devastating storms in Alabama and the surrounding states have taken a great toll on the area. But those displaced could help to reinvigorate the housing market there.
Posted In: Housing

The risks and benefits to having an 'all-in-one' device

These days, tablets make nearly everything possible, from holding addresses and phone numbers to being a GPS device. The L.A. Times' David Lazarus talks about what might become obsolete once these devices take over.

Floodwaters could threaten refineries

Mississippi floodwaters are heading south to Louisiana. That's home to more than 10 percent of the nation's refining capacity.
Posted In: Oil

Business tax increase could push Sears out of Illinois

Because of Illinois' business tax increase, Sears has become the latest company to threaten to leave the state. The increase has backfired big time on the governor, who's scrambling to make deals to keep major companies from leaving the state.
Posted In: Taxes

Music from this show

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New West
Cult of Youth
Coisa No 1
Baden Powell
Junior Kickstart
The Go! Team

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