Marketplace Morning Report for Monday, February 28, 2011

Segments From This Episode

• Stopgap budget could prevent government shutdown

  by Nancy Marshall-Genzer

  The federal government is poised to run out of money on Friday. But both Republicans and Democrats seem to be in favor of a stopgap bill that would prevent a shutdown and cut $4 billion from the budget. Nancy Marshall Genzer has more.

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• Could a big Oscar win save the U.K. Film Council?

  by Christopher Werth

  Hollywood's biggest night was also a big night across the pond. British film "The King's Speech" took home three Academy Awards, including best picture. The film was paid for in part by the government's film funding organization, the U.K. Film Council. But because of budget cuts, that agency is on the chopping block. Christopher Werth explains.

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• Walmart fails to make it in Russian

  by Marketplace Staff

  Walmart, the world's largest retailer, had hoped to expand into the Russian market. But as Peter Van Dyk reports, many U.S. companies find it hard to open stores in Russia.

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• Groupon launches China service

  by Chris Hogg

  The daily deal site Groupon has been interested in expanding into China for months. And finally, Groupon has opened its Chinese affiliate, Gaopeng.com. The site will initially cover Beijing and Shanghai but the company hopes to grow to cover more of China's 160 cities.

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• Julia Coronado: Higher personal incomes did not boost consumer spending

  by Bob Moon

  The U.S. Commerce Department is reporting today that personal incomes jumped 1 percent in January, but consumers only bumped up their spending by 0.2 percent. Bob Moon speaks with Julia Coronado, senior U.S. economist at BNP Paribas, about what these numbers mean.

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• NYC asks investment banks for revenue ideas

  by Stacey Vanek Smith

  

  New York's City Hall is seeking investment banks' advice for how to raise revenue from 50,000 parking meters and other services.

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• Redevelopment agencies may lose state funding

  by Jennifer Collins

  The Academy Awards ceremony this weekend in taking place at the Kodak Theater in Hollywood and Highland, a project that was partly funded by a community redevelopment agency. States may no longer have that sort of money to give to future projects.

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• Why rising gas prices matter at the pump

  by Eve Troeh

  When gas hits $4 a gallon, the effect is psychological as well as financial.

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• Egypt hopes tourism will revive soon

  by Mitchell Hartman

  Tourists are avoiding Egypt and the Middle East because of the recent turmoil. Egypt depends on tourism and needs to reverse that trend.

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