Marketplace Morning Report for Monday, May 17, 2010

Segments From This Episode

• Tax form deadline surprises nonprofits

  by Nancy Marshall-Genzer

  More than 200,000 small nonprofits could lose their tax-exempt status if they don't file a form with the IRS by the end of today. The IRS is changing the rules for these organizations so it can keep better track of them. Nancy Marshall Genzer reports.

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• Ariz. biz groups split on sales tax hike

  by Marketplace Staff

  U.S. cities and states are wrestling with their budgets, trying to decide whether to raise taxes, cut services, or both. In Arizona, voters will soon decide on whether to add a penny on the dollar sales tax to pay for education, public safety and health programs. Mark Brodie reports the state's business community is split.

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• Site funds study of brain tumor drug

  by Janet Babin

  A tiny clinical trial has sparked hope in terminal cancer patients. Researchers found that a generic drug called DCA could slow brain tumors. More trials are needed to prove the drug is safe for cancer patients. But the money for those studies might have to come from Joe Public. Janet Babin reports.

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• Lawsuits pile up over BP oil spill

  by Marketplace Staff

  British Petroleum says it made some progress over the weekend slowing the spill in the Gulf of Mexico. But it may be too late to prevent the spill from spreading around the region. And it may be too late to prevent something else, too: lawsuits.

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• BA tries to stop latest cabin crew strike

  Travelers using some of Europe's busiest airports face major disruption today. A cloud of volcanic ash from Iceland is back in the air. And British Airways passengers face trouble too. The latest phase of a strike is due to begin tomorrow. Stephen Beard reports.

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• Interest rates can kill bond investing

  by Marketplace Staff

  Fortune Magazine's Allan Sloan talks with Steve Chiotakis about why you should be concerned about keeping money in the bond market.

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• Is cheap euro driving people to Europe?

  by Marketplace Staff

  Tom Meyers, editor-in-chief of Eurocheapo.com, talks with Steve Chiotakis about whether more people are flocking to Europe because of the weak euro.

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• How GM made its first-quarter profit

  by Alisa Roth

  GM said it earned more than $800 million in the first three months of the year. Compare that to a $6 billion loss a year ago and billions in bailout money from Uncle Sam. What's next on the automaker's agenda? Alisa Roth reports.

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