Marketplace Morning Report for Friday, July 30, 2010

Segments From This Episode

• Crafters go full-time DIY in recession

  by Marketplace Staff

  The recession has been a boon for do-it-yourself craft-makers hoping to get by selling their wares.

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• Mass. carmakers could lift up hood for mechanics

  by Curt Nickisch

  The Massachusetts legislature could vote on a bill to force carmakers to share repair information with independent mechanics.

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• SEC charges billionaire Wyly brothers with 13-year fraud

  by Marketplace Contributor

  In a new civil charge, the SEC is accusing two prominent Dallas billionaire brothers of making millions in a 13-year fraud.

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• VIDEO: Sales soar for Shell, sour for Scooby

  by Bill Radke

  This week: Profit reports from Speed Stick to Kelloggs, and the cereal facts your parents aren't telling you.

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• Hayward felt scapegoated, stepped down for love of BP

  Now ex BP CEO Tony Hayward thinks he was made a scapegoat for the Gulf of Mexico oil disaster and BP's response to it.

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• Chamber wants states to cut back on pensions

  by Nancy Marshall-Genzer

  The U.S. Chamber of Commerce says states should cut contributions to retirement plans during lean times.

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• 2Q GDP up, but growth still slow

  by Steve Chiotakis

  Gross Domestic Product rose by 2.4 percent this quarter — about what analysts were expecting, but still slower than first-quarter growth.

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• New security rules will apply to cargo flying with passengers

  by Eve Troeh

  Beginning next week, all shipments that fly along with passengers on commercial planes must be screened for security. The shipping industry has had a few years to work up to the new rules, but there have been some setbacks.

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• Fed concerned about deflation

  by Marketplace Contributor

  A new report from a regional Federal Reserve presidents says the Fed needs to keep an eye on decreasing prices.

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• Budweiser loses fight to be only ‘Bud’ in Europe

  by Rebecca Singer

  Budweiser has lost a long-running battle to trademark its name across Europe, allowing a Czech company called Budweiser Budvar to also call itself "Bud".

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