Marketplace Morning Report for Tuesday, May 17, 2011

Segments From This Episode

• Florida county tries to recover from real estate crash

  by Kenny Malone

  Broward County home prices have fallen by nearly half in five years. But the area could be recovering.

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• Networking site LinkedIn going public this week

  by Sally Herships

  It hasn't gotten the hype and attention its social media peers have, but the business networking site still boasts tens of millions of members.

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• Eurozone prepares for another bailout

  Portugal is set to receive $100 billion in loans. It'll be the third bailout for the Eurozone, and emotions across the region range from regret to resentment.

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• Georgia’s new immigration bill might influence what state farmers can grow

  by Jeanne Bonner

  Traditional Georgia crops like peaches and vidalia onions may be a lot harder to farm once an Arizona-style immigration bill goes into effect in the Peach State.

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• New York probes bank’s role in mortgage crisis

  by Mitchell Hartman

  New York Attorney General Eric Schneiderman has opened an investigation into the packing of mortgage loans into securities. The inquiry targets Bank of America, Morgan Stanley and Goldman Sachs.

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• Rosneft pulls out of BP deal

  by Rebecca Singer

  Russian state oil company Rosneft is dropping out of a deal with BP, leaving BP's investors concerned over the company's leadership.

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• EU considers possible Greek debt restructuring

  by Christopher Werth

  European finance ministers are considering "reprofiling" Greece's debt. The soft-restructuring could help the struggling country repay its debt and avoid defaulting on loans.

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• Wal-Mart profits up nearly 4% on international sales

  by Marketplace Staff

  The world's largest retailer announced a rise in first-quarter profits thanks to overseas demand. Juli Niemann, analyst with Smith Moore and Company, explains.

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• U.S. Postal Service announces $2.2 billion in losses

  by Mitchell Hartman

  The U.S.P.S. is warning that it will become insolvent unless Congress takes action. The institution has lost $20 billion since 2007.

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