Marketplace for Friday, March 15, 2013
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President Obama today is unveiling a new energy policy. The White House was loudly criticized during the president's first term for its management of federal money to help jumpstart alternative energy, including the money that helped back Solyndra, the failed solar company. Now, the surge in oil and natural gas production in the U.S. offers real economic opportunities. One of those opportunities is money the government can collect when it leases land to energy companies. So how much are federal lease receipts growing and what are the opportunity costs of diverting or not diverting them to an alternative-fuel fund? Plus, Angry Birds started as an addictive app game. With the launch of a TV show this weekend, and licensing deals for clothes, the Finnish-created game aims to be a media and marketing juggernaut.
Posted In: London Whale, JPMorgan, Banks
JPMorgan executives testified to the Senate on the company's estimated $6.3 billion loss related to risky trades and a banker known as the London Whale.
Posted In: Twitter, San Francisco, gentrification
Twitter headquarters has lured other companies to a stretch of Market Street. The city economy is growing, but not everyone benefits.
Posted In: Larry Ellison, Oracle, tennis
Multi-billionaire Oracle CEO Larry Ellison wants to increase the prize money for his tennis event, the BNP Paribas Open. But other tournament owners worry it'll price them out.
Posted In: Oil, alternative energy
The surge in oil and natural gas production in the U.S. offers real economic opportunities. How much are royalties from offshore drilling growing, and what could be gained by taking some of that money to help fund alternative energies?