Marketplace Morning Report for Wednesday, October 24, 2012
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Just in time for Halloween, something has Wall Street spooked. Yesterday, the Dow fell by more than 200 points for the second time in three trading days. Apple has unveiled its new iPad Mini, which goes on sale Friday -- the same day as Microsoft releases its new Windows 8 operating system. If you cut taxes, does the economy get enough of a boost to offset the lost revenue? Los Angeles is one of many cities giving this a try to attract new businesses. The prospect of the fiscal cliff creates uncertainty, which has got some companies preparing to make their case to Congress for avoiding the fiscal cliff entirely.
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Los Angeles is one of many cities to offer tax breaks and financial incentives to attract new businesses. Manufacturing activity in October rises to a three month high and China eclipses the U.S. in foreign direct investment.
Posted In: gender gap, women
Equality for women has come a long way but still has a way to go according to the 2012 Global Gender Gap report. The report ranks countries on the access women have to education, economic opportunity, healthcare and political power.
Posted In: Microsoft, anti-trust, European Union, Tech
The European Union is accusing Microsoft of failing to comply with an anti-trust agreement, meaning Microsoft could face a hefty fine.
Posted In: China, U.S., manufacturing
Manufacturing activity in October rises to a three month high and China eclipses the U.S. in foreign direct investment.
Posted In: fiscal cliff, hiring
The prospect of automatic tax increases and budget cuts creates uncertainty, holding back investment and hiring. Companies also are preparing to make their case to Congress for how to avoid the fiscal cliff entirely.
Posted In: Virginia, swing state, 2012 election
Population gains turned Loudoun County from red to purple.
Posted In: baseball, Detroit, San Francisco
The Detroit Tigers take on the San Francisco Giants in first game of the World Series. Detroit has the auto industry, San Fran has the tech sector, but recently both cities have scored solid gains in their housing markets.