Marketplace Morning Report for Wednesday, September 1, 2010

Episode Description 
Marketplace Morning Report for Wednesday, September 1, 2010

JPMorgan to close proprietary trading

JPMorgan Chase is shutting down its proprietary trading desks, the places where it trades on its own behalf. Reporter Jeremy Hobson talks the details with Bill Radke about how this might affect the bank.
Posted In: Banks

An unlisted phone number may cost you

Time Warner Cable has doubled the fee it charges customers for not listing their telephone number in a phone book. L.A. Times columnist David Lazarus talks with Bill Radke about why consumers are being charged for nothing.

For CEOs, it may pay to lay off

A report from a liberal think-tank concludes: if you're the CEO, it's a good deal to slash jobs. And the executives who laid off the most workers? They ended up with the fattest paychecks. Mitchell Hartman reports.
Posted In: Jobs

Australia corks its use of "champagne"

Europeans are picky about their wine labels. Most believe wine should only be called Champagne if it's made in France. A new agreement between the European Union and Australia is beginning, which will mean that Australian winemakers can no longer make "champagne." Christopher Werth explains.
Posted In: Food

A new resort at Disney World for pets

Just when you though you'd seen everything in the $40 billion pet industry, a new resort is opening in Disney World -- not for people. It's exclusively for four-legged guests. From Lake Buena Vista, Fla., Katie Ball has the scoop.

A big whopper: Burger King mulls sale

There are reports that Burger King is considering a sale and has held talks with potential buyers. Reporter Jeremy Hobson talks with Bill Radke about whether going private will hurt or help the fast-food restaurant.
Posted In: Food

Greek gov't serious about smoking ban

Smoking is practically a national pastime in Greece. More than 40 percent of Greeks over the age of 15 smoke. Last year, the government imposed a ban smoking in indoor public places, but the smokers ignored it. The government says it's going to crack down on smoking again. Joanna Kakissis reports.

Afghan's worry over Kabul Bank health

Afghanistan's biggest private bank, Kabul Bank, says it could lose more money this year than it has in total deposits. The BBC's Mark Dummett talks with Steve Chiotakis about how stable Afghanistan's financial system is.

A look at private losses, small biz aid

Private-sector jobs in the U.S. fell by 10,000 last month. Richard DeKaser, president of Woodley Park Research, talks with Bill Radke about how big of a blow that loss is.

Federal panel looks into financial risk

The Financial Crisis Inquiry Commission is looking into potential systemic risk from big financial institutions. Rick Rothacker, reporter for the Charlotte Observer, talks with Steve Chiotakis about why bank regulators are defending the actions they took in 2008 leading up to the collapse of Lehman Brothers.

Video stores: Relics from another age?

There are reports that Blockbuster could soon file for bankruptcy. In these days of videos in the mail, at the grocery store and on demand, how does a video store even still exist? Adriene Hill reports.
Posted In: Entertainment

Music from this show

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Trav'lin' All Alone (Nickodemus & Zeb Remix)
Billie Holiday
Hummer
Foals
Weapon Of Choice
Black Rebel Motorcycle Club
Eyes On The Prize (Cd)
Mavis Staples