PODCAST: Will they or won't they in Europe, the MAPLE Act
Here are today's top headlines from the Marketplace Morning Report and from around the web.
All eyes are on Europe today as leaders meet for a summit which was intended to produce a rigid plan on how to solve the regions financial woes. That crisis could affect U.S. contractors in the coming months.
Paddy Hirsch explains what is so bad about exposure, and Nokia tries to become a major player in the smart phone market.
Amazon.com stock was down 12 percent yesterday on news the company's spent a lot of money on development of the Kindle Fire. Earnings in the last quarter came in way below expectations.
Orders for big ticket items -- heavy machinery, computers and the like -- fell in September by 8-tenths of a percent. But the Commerce Department today said taking out orders for transportation equipment and aircraft, durable goods orders actually rose last month.
To the really big stuff happening in Congress: A group of Senators from the Northeast is introducing a bill that would make mislabeling syrup a felony. It's called the MAPLE Act, and it's meant to crack down on people who make syrup using common sugar cane and call it maple syrup. Right now, that's a misdemeanor. If it becomes a felony, those syrup counter-fitters could face 5 years in jail.
And in today's Mid-day Extra, we get a glimpse into the difficulty of using Greek mythology to explain the current crisis there.