Marketplace Morning Report for Wednesday, May 16, 2012

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There are new concerns this morning of a banking crisis in Greece, after the country's political parties failed to come together and form a coalition government. Vice President Biden will be in Youngstown, Ohio today touting the bailout of the auto industry --  which he and his ticket mate Obama are hoping will help in their re-election campaign. This week's Facebook IPO could mean big things for the California state budget. And in Atlanta this morning, the world's busiest airport welcomes its first passengers to a brand-new, $1.4 billion international terminal.

Atlanta's new air terminal ready for takeoff

The world's busiest airport gets a new $1.4 billion international terminal. But Atlanta airport officials want to avoid mass chaos on opening day.
Posted In: airport, Atlanta

What makes a movie?

These days, a well-established brand can be as valuable as a screenplay. At least that's what the makers of the movie "Battleship" are hoping when the film version of the popular board game opens this weekend.
Posted In: Entertainment, film

Democrats campaign on auto bailouts

Vice President Biden is in Ohio to tell voters the bailouts brought back jobs to the state.
Posted In: Auto, 2012 campaign

California budget to benefit from Facebook IPO

California Gov. Jerry Brown recently informed Californians that the state was $16 billion in the hole, instead of the mere $9 billion everyone expected. The Facebook IPO will generate a lot of taxable income for a few thousand Californians.
Posted In: Facebook, IPO, california

Fears of bank runs on the rise in Greece

New elections are scheduled for June 17th in Greece, but that may not be soon enough to calm fears at Greek banks. Almost a billion dollars worth of deposits was withdrawn on Monday alone.
Posted In: Greece, banking

Greek citizens pulling money from banks

With a new general election on the way in Greece and the country's membership in the European Single Currency in the balance, people in Greece are trying to keep their bank accounts from losing value if ever the euro is dropped. Greece's central bank chief says depositors pulled about $900 million about of bank accounts Monday alone.
Posted In: Greece, banking, Greek debt

FBI investigating JPMorgan for criminal behavior

The FBI is investigating possible criminal behavior at JPMorgan Chase after that $2 billion trading loss disclosed by the bank the other day.
Posted In: FBI, JPMorgan, Jamie Dimon

New home construction up 30% from last year

Housing starts, as they're called, were up 2.6 percent last month, and compared with last April, home construction was up almost 30 percent.
Posted In: Housing, construction, real estate

JC Penney stock falls after big quarterly loss

JC Penney stock is currency down percent after the company reported that customer traffic is down, sales are down, and the quarterly loss was bigger than expected. The company had hired Ron Johnson, the man behind Apple Stores, to make JC Penney more fashionable.
Posted In: JC Penney, Retail

PODCAST: Facebook helping California, construction helping housing

There are new concerns this morning of a banking crisis in Greece, after the country's political parties failed to come together and form a coalition government. This week's Facebook IPO could mean big things for the California state budget. And in Atlanta this morning, the world's busiest airport welcomes its first passengers to a brand-new, $1.4 billion international terminal.

GM pulls out of Facebook advertising

Just days before Facebook stock trades publicly for the first time, General Motors is giving no official reason for the decision but published reports suggest the ads aren't having the impact GM hoped.
Posted In: Facebook, General Motors

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DJ-Kicks
Maya Jane Coles
Love Cry
Four Tet