Marketplace Morning Report for Friday, May 13, 2011

Segments From This Episode

• Cyber security attacks can hit smaller businesses, too

  by Marketplace Staff

  It's not just the big companies who can suffer a security breach — cyber thieves can attack small or mid-size businesses and cost a lot of damage.

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• Migratory bird causes construction disruption

  The Washington D.C. Department of Transportation had been constructing a footbridge over some railroad tracks when they came across an obstacle.

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• Michaels stores hit by debit card fraud

  by Janet Babin

  The fraud across 20 states highlights how debit cards are more vulnerable to fraud and financial loss than credit cards.

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• Moet Hennessy to make bubbly in China

  by Hugh Schofield

  The wine and spirits arm of France's LVMH luxury group announced yesterday it's planning its first vineyard in China to produce a premium sparkling wine.

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• A tale of two entitlements

  by Gregory Warner

  The annual report on the health of Social Security and Medicare will update last year's predictions: that Medicare will run out of money by 2029 and Social Security will run out of money in 2037.

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• Facebook admits to hiring PR firm to target Google

  by David Gura

  Facebook admitted this week it hired PR firm Burson-Marsteller to start a campaign against Google, rallying journalists as "third parties to verify" claims that Google violates privacy.

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• German GDP rises by 1.5% in the first quarter

  Stronger-than-expected economic growth in Germany may signal better futures for struggling European economies.

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• U.S. wages can’t keep up with consumer prices

  by Marketplace Staff

  Jill Schlesinger of CBS/MoneyWatch explains today's Consumer Price Index news, and what that means for American consumers.

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• Consumer prices rise 0.4% in April

  by Marketplace Staff

  Rising gasoline and food prices continue to drive up the cost of living in April. Chris Low, chief economist with FTN Financial, takes a look at today's numbers from the Labor Department.

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• Uncertainty in regulatory leadership strains financial overhauls

  by Marketplace Staff

  New York Times reporter Binyamin Appelbaum explains how vacancies at the heads of financial regulatory agencies could impede overhaul implementation.

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