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Jan 13, 2012

Marketplace Morning Report for Friday, January 13, 2012

Apple tries to launch its latest iPhone 4S in mainland China to disastrous results. As cash-strapped local and state governments look to raise more money, many are moving toward privatizing things that used to be public — but is that a good thing? And the University of Connecticut said this week that one of its scientists falsified data in a new study about red wine that claimed the drink slows the aging process.

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Segments From This Episode

Is wine actually good for your health?
by Eve Troeh
The unmasking of fraud by a leading researcher on the health benefits of wine has called into question the entire body of knowledge about the fermented grape.
Obama seeks power from Congress to merge agencies
by John Dimsdale
This morning, President Obama will announce that he plans to cut back on government spending by merging a number of government agencies. Will Congress agree to fork over the power?
Apple store egged in China after iPhone 4S release delay
by Rob Schmitz
Does the chaos surrounding today's release mean that Apple is underestimating its popularity in China?
Chase earnings signal downturn for financial services
by Jill Schlesinger
J.P. Morgan Chase reported its earnings were down 23 percent today. What does this mean for the rest of the big banks?
PODCAST: A government slim down
by Mary Dooe
JIM WATSON/AFP/Getty Images
Apple tries to launch its latest iPhone 4S in mainland China to disastrous results. As cash-strapped local and state governments look to raise more money, many are moving toward privatizing things that used to be public — but is that a good thing? And the University of Connecticut said this week that one of its scientists falsified data in a new study about red wine that claimed the drink slows the aging process.
Do private equity firms go too far?
by Jeremy Hobson
Mitt Romney has received criticism for his time at Bain Capital. What does Bain, and similar private equity firms, really do?
Obama to propose plan for leaner government
by John Dimsdale
Later this morning President Obama is expected to outline a new plan to shrink government. He's going to ask Congress to give him the authority to merge some departments and agencies.
ECB lending plan helping Europe so far
In Italy, the government was easily able to borrow $4 billion to pay for spending over the next three years. And the head of the European Central Bank says it is evidence that the new European bailout is paying off.
Penn State alumni speak out at meetings
by Gregory Warner
In many ways, the former Penn State students who attend town hall meetings regarding the sex abuse scandal that erupted there resemble unhappy shareholders.
Banks drive customers away
by Jeff Tyler
Consumers are hit with new fees at the same time banks reach out to attract new customers.
The move towards privatization
by Chris Farrell
As cash-strapped local and state governments look to raise more money, many are moving toward privatizing things that used to be public. Is it a good decision?
Apple’s iPhone 4S release postponed in China
by Rob Schmitz
Stores in Beijing and Shanghai were supposed to release the Apple iPhone 4S today, but crowds swelled to unmanageable levels.