Marketplace Morning Report for Wednesday, May 23, 2012

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If you're looking for a safe place to park your money,  think Ford. Moody's has boosted the automaker's debt to investment-grade, giving a thumbs up to a long financial turnaround for the company. Today, struggling tech giant Hewlett-Packard will announce whether the company will shed tens of thousands its workers. With Memorial Day approaching, parents begin to consider summer plans and the value of camp for their kids. This week Target launched a line of Gay Pride T-shirts on its website in time for Gay Pride month in June which may help mend fences between the retailer and the gay community.

Lawsuit claims Facebook hid revenue forecast reduction

The shareholder lawsuit against Facebook and its banking partners argues they made a "severe and pronounced reduction" to the company's revenue projects days before the initial offering but hid it from the public.
Posted In: Facebook, IPO, lawsuit, insider trading

Facebook: Part of the insider's financial club?

What did the Morgan Stanley know about Facebook, when did it know, and who did it tell? Shareholders prepare to sue the bank and Facebook over how the public offering of stock was handled.
Posted In: Facebook, IPO, lawsuit

PODCAST: Chipotle under investigation, OECD's happiest country

If you're looking for a safe place to park your money, think Ford. Moody's has boosted the automaker's debt to investment-grade, giving a thumbs up to a long financial turnaround for the company. Today, struggling tech giant Hewlett-Packard will announce whether the company will shed tens of thousands its workers. With Memorial Day approaching, parents begin to consider summer plans and the value of camp for their kids. This week Target launched a line of Gay Pride T-shirts on its website in time for Gay Pride month in June which may help mend fences between the retailer and the gay community.
Posted In: Dell

Average wedding price climbs over $27,000

According to a recent survey by TheKnot.com, the average wedding in the U.S. now costs over $27,000. But Americans aren't the only ones throwing their money towards the perfect nuptials.
Posted In: weddings

States consider labeling GMO foods

Polls show more than 90 percent of Americans would like a label on food made with genetically modified crops. The Food and Drug Administration has declined to require GMO labeling, but 20 states are taking matters into their own hands.
Posted In: genetically modified food, Food

Hewlett-Packard expected to unveil layoffs

Hewlett Packard is expected to announce thousands of layoffs today. But highly skilled tech workers may not be out of work for long.
Posted In: Hewlett-Packard, Hp

Target sells gay pride T-shirts online

Target, two years since contributing to a politician opposed to gay marriage, is selling Pride t-shirts and passing the proceeds on to a pro-gay group.
Posted In: Target, gay

What to do with your kids this summer

With Memorial Day coming up on Monday, we've reached the unofficial start of summer -- which means a lot of kids are going to have a lot of free time on their hands. So what's the best use of that time?
Posted In: summer vacation, kids

Moody's upgrades Ford debt

Six years ago, Ford lost billions when SUV sales stalled. It borrowed billions, and put up factories and its famous trademark as collateral. After a major restructuring, the automaker has earned an investment-grade rating from Moody's.
Posted In: Moody's, Ford, Auto

Chipotle under investigation for immigration law violations

Shares of Chipotle Mexican Grill dropped about 2 percent yesterday, after the company announced that federal prosecutors are investigating the company's compliance with immigration laws in its hiring practices.
Posted In: Chipotle, Securities and Exchange Commission

Euro leaders to meet at 'informal dinner' to discuss debt crisis

In Brussels this evening, leaders from euro zone nations are meeting in a casual setting to discuss and formulate policy solutions to the European debt crisis ahead of a formal summit.
Posted In: Europe debt crisis, eurobond, Germany

Should Washington act to prevent a 'fiscal cliff'?

The non-partisan Congressional Budget Office released a study yesterday warning of a U.S. recession if lawmakers let the Bush-era tax cuts expire and enact a round of automatic spending cuts -- allowing for a 'fiscal cliff.'
Posted In: recession, budget, Fiscal policy, Bush tax cuts

Shareholders sue Facebook and banks over IPO

On the fourth day of Facebook public trading, shareholders sued the company, Mark Zuckerberg, as well as several banks that underwrote the deal.
Posted In: Facebook, IPO

Egyptians cast votes for first president since Mubarak

After forcing President Hosni Mubarak from office in the Arab Spring uprising last year, Egyptians are lining up today to vote for their next President. Local businesses hope the election will boost tourism to Eygpt.
Posted In: Egypt, Arab Spring, elections

Music from this show

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Brand New Girl
Billy Garner
Hearts On Fire (Holy Ghost! Remix)
Cut Copy
Body Language / interpretation
Booka Shade
I Love You
Bill Evans

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