Marketplace Morning Report for Wednesday, May 30, 2012

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Episode Description 
The once high-flying maker of the BlackBerry handheld device is in deeper water than analysts feared. Research In Motion warned investors yesterday it could report a loss for its first quarter and has hired bankers for a “strategic review.” Computer networks across the Middle East are engulfed in flame, flame spying software that is. A hotdog joint called Felony Franks employs ex-convicts. After the BP spill, the multi-billion dollar Gulf Coast seafood industry was shut down. Now, two years later, things are looking up, at least for shrimpers.
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Shrimping season begins early on Gulf coast

After the BP spill, the multi-billion-dollar Gulf Coast seafood industry was shut down. Now, two years later, things are looking up -- at least for shrimpers.
Posted In: shrimp, Gulf oil spill, Gulf of Mexico
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BlackBerry maker RIM hires banks for 'review'

Research in Motion, maker of the BlackBerry, warned investors yesterday it could report a significant loss in its first quarter and has also hired JP Morgan and RBS for a "strategic review."
Posted In: Research in Motion, Blackberry, cell phones, smart phones
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Obama sends economic adviser to Europe

With borrowing costs spiking for Spain and Italy, the Obama administration has sent a top treasury official to Europe to encourage European leaders to take decisive action on their financial mess.
Posted In: U.S. Treasury, Obama, spain, Greece, Eurozone
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Will China undertake a new fiscal stimulus?

World financial markets have been see-sawing in recent days amid talk China may or may not give an extra stimulus to its economy. China, the world's second largest economy, growth was running near 9 percent last year.
Posted In: China, economic stimulus
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A trip to Under-earners Anonymous

There are 12-step programs for things that hold us back in life: alcohol, eating. What about not living up to our paycheck potential?
Posted In: Unemployment, job, personal finances
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PODCAST: Zuckerberg loses face value and Pepsi does Twitter

The once high-flying maker of the BlackBerry handheld device is in deeper water than analysts feared. Research In Motion warned investors yesterday it could report a loss for its first quarter and has hired bankers for a “strategic review.” Computer networks across the Middle East are engulfed in flame, flame spying software that is. A hotdog joint called Felony Franks employs ex-convicts. After the BP spill, the multi-billion dollar Gulf Coast seafood industry was shut down. Now, two years later, things are looking up, at least for shrimpers.
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Pepsi to launch Twitter music campaign

In an effort to revive their brand image and win back market share from Coke, Pepsi is launching a new, hip partnership with Twitter that will include free songs for download and live-streaming music concerts.
Posted In: marketing, Pepsi, Twitter, Music
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European Commission recommends banking union

The European Commission has recommended today that banks in the eurozone create a union to help regulate and bolster failing banks.
Posted In: Europe debt crisis, spain, European Commission
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Euro banking union could reduce Spanish burden

The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
Posted In: Europe debt crisis, spain, Germany, European Commission
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U.S. Treasury yield hits 60 year low

As investors cope with uncertainty in Europe, the interest on the 10-year Treasury note, the benchmark cost of U.S. debt, hit a record low of 1.6 percent.
Posted In: U.S. Treasury, yields, debt, spain
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FedEx to acquire Brazilian shipper

Despite global economic woes and nervous markets, FedEx announced today that it will purchase the Brazilian shipper Rapidao Cometa Logistica e Transportes for $6.8 billion.
Posted In: fedex, UPS, shipping, brazil
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Serving up jobs to ex-cons

It's tough to get employment if you've been convicted of a felony. But some companies in the Chicago area hire only ex-cons.
Posted In: Jobs, ex-convicts, Food
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'Flame' malware burns through cyberspace

The newly identified spyware is the latest state-sponsored cyber threat in the Middle East. But Flame could work its way into businesses.
Posted In: Flame, malware, middle east

Music from this show

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Souvlaki Space Station
Slowdive
Only Love Can Break Your Heart
Saint Etienne

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