05/25/12
Marketplace for Friday, May 25, 2012
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Episode Description:
Apple chief Tim Cook will not take a $75 million dividend on his stock in the company, which will help him keep a low profile as more CEO salaries come under fire. Some of Facebook's individual investors are trying to get some of their money back from brokers. Former Red Sox star Curt Schilling laid off all the employees of his video game company yesterday, possibly leaving the state of Rhode Island on the hook for tens of millions of dollars in loan guarantees. And Kai Ryssdal talks to high school freshman Jack Andraka about his winning project in the 2012 Intel International Science and Engineering Fair.
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Apple CEO's public relations dividend
Apple head Tim Cook says he will forgo the $75 million dividend from his company stock. It's a shrewd move at a time when corporate chiefs are under pressure for being over paid.
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Fallout from the demise of Curt Schilling's 38 Studios
The former Red Sox pitcher's video game company, 38 Studios, is in deep financial trouble. What that means for Rhode Island, which gave the company a $75 million loan.
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Political ads message the holidays
Memorial Day, Labor Day, Fourth of July -- yes, those holidays are now becoming fodder for election ads.
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Small talk: Facebook predictions, traffic down, paying loans in cash
The news that didn't quite make the headlines. This week: Facebook can predict the stock market, U.S. traffic is down (but not on L.A.'s 405 freeway), and paying off loans with cash.
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Intel Science Fair winner detects pancreatic cancer early, cheaply
High school freshman Jack Andraka won $75,000 in scholarship funds, and $12,000 in cash for his project, which can detect cancer in its early stages.
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Facebook investors seek compensation
A week on, Facebook is grappling with small investors who want compensation for losses due to Nasdaq’s technical snags.
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Weekly Wrap: Spain, and the Facebook IPO
Reviewing the week's headlines on Wall Street and beyond. This week: The problems with the Facebook IPO and in Spain.
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Manufacturing in China slumps for seventh month
Figures out today show Chinese manufacturing fell for the seventh month in a row. Countries like Australia and South Africa could suffer more than the U.S.
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