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Nov 8, 2011

Marketplace Morning Report for Tuesday, November 8, 2011

Italian Prime Minister Silvio Berlusconi may have just managed to hold on to power today after winning a key parliamentary vote. There were more jobs advertised in September than at any other time in the last 3 years — sign the job market could be getting better. Japanese car maker Toyota said profit fell by more than 18 percent in its last quarter. General Motors today rejected a plan for two Chinese companies to take over Swedish automaker Saab. GM is still a preferred shareholder in Saab. In Japan, the 92-year-old camera company Olympus admitted it has been covering up losses for decades.

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Segments From This Episode

Mid-day Extra: Where boxing has gone since the days of Joe Frazier
by Marketplace Staff
The rivalry between Muhammad Ali and Joe Frazier was one of sports legend. But what has happened to boxing since those days?
Juli Niemann: How companies can hide the truth
by Juli Niemann
News out today that Olympus committed fraud for decades comes at a time when a lot of businesses get away with such deceit. How do they do it? We asked Juli Niemann, analyst at Smith, Moore and Company.
Latest ‘Call of Duty’ could be most lucrative video game ever
by Steve Henn
The eighth iteration of the popular video game is already one of the highest grossing entertainment franchises of all time.
‘This Space Available’ and the problem with billboards
by Marketplace Staff
A new documentary takes a look at how billboard advertising is infiltrating our lives in a negative way.
Ohio to vote on collective bargaining
by Nancy Marshall-Genzer
Voters will decide whether to limit the collective bargaining power of more than 350,000 unionized government workers.
Toyota earnings still stifled
by Jeff Tyler
Everything from natural disasters to the currency exchange rate may force Japan's largest auto maker to reduce its earnings forecast for the full year through next March.
Measures around the country meet the ballot today
by Marketplace Staff
Today is election day, and there are a number of measures being voted on in states across the U.S. that could have lasting economic impacts.
Olympus comes clean after decades of hiding losses
by Marketplace Staff
Japanese camera company Olympus has been hiding its financial losses for years by inflating fees to advisers.
Leadership under strain in Italy and Greece
by Christopher Werth
The drama continues to unfold in Europe today, as politicians in both Italy and Greece face challenges.
Berlusconi departure won’t be a quick fix for Italian economy
by Marketplace Staff
If Silvio Berlusconi is removed from power, it will certainly mark the end of an Italian political era, but it may not do much for the current financial crisis.
GM fights off Saab buyout by Chinese companies
by Rob Schmitz
Two Chinese companies have had their eye on the ailing auto maker Saab. But GM, which still holds a significant stake in the company, refuses to hand over its technology that lives under the Saab hood.
How would a technocratic government be different?
by Christopher Werth
Prime Minister Silvio Berlusconi might be able to hold on to power in Italy, but there are still calls for a "technocratic" government to fix the country's problems.
Berlusconi passes a budget vote, but loses majority
by Marketplace Staff
After increasing pressure on the Italian prime minister, a budget vote was passed through parliament today. But it might be the beginning of the end for the leader.