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  • BP has said it will pay for the oil disaster in the Gulf. And it's asking two partners to help. Anadarko Petroleum and Mitsui Oil Exploration own 35% the destroyed well. And BP contends they're liable for 35% of the costs. Krissy Clark reports the companies aren't necessarily reaching for their checkbooks.

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  • The clock is ticking on Ford's Mercury line. The automaker announced it would end production of Mercurys later this year. Contributor Hank Rosenfeld reflects on the car, which helped make him who he is.

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  • State and local governments are still feeling economic uneasiness. Experts say this is creating another wave of layoffs. Mike Moen reports on the situation in Northern Illinois, where some municipalities are shedding jobs in crucial areas — including public safety.

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  • New retail sales figures show shoppers continued to hold back last month. And a report says that the number of Americans behind on their credit cards is the lowest in eight years. So, are we looking at a new consumer? Frugal, responsible and forever changed? Or are shoppers just holding back on the plastic? Jeff Horwich reports.

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  • Some big-name corporations are backing an electric vehicle initiative in Kansas City, Mo. which has $32 million in stimulus support.

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  • Workers in Grand Rapids, Mich. are facing the challenges of entering a new industry.

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  • From the Aspen Ideas Festival, Twitter co-founders Biz Stone and Evan Williams talk about the origins of the social networking service, the value of trivial tweets, and the monetization platform they are launching that involves promoted tweets and trends.

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  • In Shreveport, La., a plant that makes Hummers is preparing to close. And employees are faced with a choice: transfer to another plant or get laid off. Kate Archer Kent reports.

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  • President Obama wants to double U.S. exports because he says export jobs are one way we can sail out of our economic doldrums. Our conservative commentator David Frum sees another partial way out of our troubles. He's just not sure the Republican Party wants to hear it.

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  • Egypt is famous for its cotton. Vendors around the world boast of their luxurious Egyptian cotton sheets. But on many small farms, children are involved in all parts of cotton farming. Julia Simon reports.

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Marketplace Staff