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Dec 13, 2011

Marketplace Morning Report for Tuesday, December 13, 2011

The Federal Reserve officials meet today to discuss the slow domestic recovery, the ongoing crisis in Europe, and a plan for better communication surrounding its actions. In Russia, billionaire Mikhail Prokhorov announced he will run for president against Vladimir Putin in next spring’s elections. Wall Street types can expect smaller bonuses this year, but many are thankful to just have a job.

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Segments From This Episode

Canada backs out of Kyoto Protocol
by Scott Tong
Straight out of productive UN climate talks in Durban, South Africa, Canada announces it is backing out of the Kyoto Protocol treaty.
Mid-day Extra: Presents might not be worth what you think
by Jeremy Hobson
A new study shows that gifts that cost more, or take more time to pick out, might not be appreciated anymore than their less-thought-out counterparts.
PODCAST: Six months of rising sales, raising a glass of bubbly
by Mary Dooe
Chris Franz/Getty Images
The Federal Reserve officials meet today to discuss the slow domestic recovery, the ongoing crisis in Europe, and a plan for better communication surrounding its actions. In Russia, billionaire Mikhail Prokhorov announced he will run for president against Vladimir Putin in next spring's elections. Wall Street types can expect smaller bonuses this year, but many are thankful to just have a job.
Russian billionaire to challenge Putin
by Jeremy Hobson
Vladimir Putin has a new opponent for the March presidential elections, billionaire Mikhail Prokhorov, owner of the New Jersey Nets.
Gary Shilling: Unlikely Fed will make a move yet
by Jeremy Hobson
Former Fed economist Gary Shilling says it is unlikely the Fed will change the zero percent interest rate anytime soon, and when it does, the shift will be more the effect than the cause of a booming economy.
Federal Reserve could begin plans to raise interest rates
by Scott Tong
Federal Reserve officials are expected to announce that they will keep interest rates near zero, a level that has remained steady since the financial crisis
Americans spending more on cars, clothing and furniture
by Juli Niemann
American consumer spending is up, but shoppers are more conscious this time around — and Black Friday might have been the high point of spending for a while.
French nuclear giant Areva to slash 1,500 jobs
by Christopher Werth
After the disaster in Fukushima, nuclear energy is less popular than it once was. Now, the nuclear company Areva will take drastic cost-cutting measures.
Colorado to decide on fracking disclosure
by Eve Troeh
The state will rule on whether oil and gas companies have to list all the chemicals they use to do hydraulic fracturing for natural gas. Environmentalists want them to disclose much more.
In down economy, demand for champagne is popping
by Steve Chiotakis
Champagne makers are quickly recovering from the blight of a few years ago, despite the fact that the rest of the economy is still struggling
In midst of protests, Russian billionaire announces bid for presidency
by Jeremy Hobson
Russian citizens have been protesting against corruption in their country. Now, billionaire Mikhail Prokhorov is running against Vladimir Putin in the upcoming elections.
Iraqi president drums up U.S. business
by Nancy Marshall-Genzer
Nouri al-Maliki meets with the U.S. Chamber of Commerce. The trade group says its members are ready to sign hundreds of millions of dollars worth of new contracts.
Wall Street braces for smaller bonuses
by Heidi Moore
Bankers and traders could receive as much as 30 percent less in year-end bonuses. Some just hope they keep their jobs amid mounting layoffs
Could Europe be heading for a permanent recession?
The deal European leaders struck for greater fiscal unity could also stunt growth in the long-term.