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Mid-day Update

PODCAST: Apple sues Samsung, Geithner in Germany

Marketplace Contributor Jul 30, 2012
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Mid-day Update

PODCAST: Apple sues Samsung, Geithner in Germany

Marketplace Contributor Jul 30, 2012
HTML EMBED:
COPY

After years of tussling, lawyers from the two biggest smartphone producers in the world will finally be in federal court in San Jose, Calif., today. Samsung is being sued by Apple. Apple is asking for more than $2 billion in damages, as well as an injunction to stop the sale of its rival’s devices.

Over the weekend, comments by the leaders of Germany and Italy fueled optimism in Europe. They were backing up the head of the European Central Bank, who promised to do “whatever it takes” to keep the European debt crisis from spinning out of control. U.S. Treasury Secretary Tim Geithner is in Europe today. He’s got meetings with Mario Draghi, the ECB president, and Germany’s finance minister.

The Federal Reserve board meets this week and the buzz is that Chairman Ben Bernanke is considering some new tools
to stimulate economic growth. Perhaps using interest rates to encourage banks to take some risks with their money. One way to do that is to make the interest rate negative.

Boeing’s been having a few nightmares lately with its Dreamliner. The 787 Dreamliner is Boeing’s flagship airplane of the future: fuel efficient, quieter cabin — and American-made. And it was near the Charleston, S.C., assembly plant that something got sucked into a 787’s engine on Saturday and sparked a grass fire on the runway. Last week, All Nippon Airways temporarily grounded its 787s to fix an engine problem.

A little snafu you may have heard about at the Olympics. Officials accidentally showed a South Korean flag instead of a North Korean flag at a soccer match. Oops. Well, one company is taking advantage of the mistake. A British chain that sells eyeglasses has put out ads that say if only officials had come in for an eye test, this whole thing could have been avoided.

A survey from CareerBuilder.com calls out the cities where people are most likely to swear at work. Number one, with 62 percent of workers admitting to their potty mouths, is Washington D.C., followed by Denver. The major cities with the cleanest workplace language: New York and Philadelphia.

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