Mid-day Update

PODCAST: Hewlett-Packard means business, BofA cuts 3,500 jobs

Mary Dooe Aug 19, 2011

Here are today’s top headlines from the Marketplace Morning Report and from around the web.

Gold has surged to $1,863 an ounce.

Computer hardware maker Hewlett-Packard says it’s buying the British company Autonomy, which makes business software. The deal’s worth $10 billion.

Bank of America will reportedly cut thousands of jobs in the coming months in an effort to cut costs.

Barnes & Noble said Thursday that Liberty Media invested $204 million in the bookseller.

A Houston woman was dining at a local restaurant, but didn’t like the service, so she complained about it on Twitter, calling the bartender a “twerp” and using another not-so-very-nice word. An off-duty manager of the restaurant saw the tweet and called in, telling the bartender to hand the phone to the customer. The manager told the lady he saw the tweet, and didn’t appreciate the name-calling. If you follow the woman on Twitter, you’d know she was subsequently kicked out of the restaurant.

And finally to Forney, Texas, where 11-year-old Caroline Gonzales got to be mayor for a day. And her first order of business was changing the name of Main Street to Justin Bieber way. Unfortunately for Mayor Gonzales, the Justin Beiber street sign was stolen. Her father told the Dallas Morning News he’s never seen her so mad. A new sign was put up yesterday, and is supposed to remain in place until Monday.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.