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Feb 8, 2012

Marketplace Morning Report for Wednesday, February 8, 2012

The Federal Reserve could vote today on a proposed merger between Capital One and ING Direct USA. We talk to two unemployed Spanish women about what it is like to live in a country with such poor job prospects. The Grand Canyon announces a ban on bottled water, despite fears that Coca-Cola, a big parks sponsor, would react badly. And Wal-Mart chooses a new head for its China operations.

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Segments From This Episode

New leader picked for Wal-Mart China
by Rob Schmitz
Wal-Mart has a new head of China operations. New Zealander Greg Foran will need to execute a strategy that is based on more than cheap prices.
Federal Reserve considers Capital One-ING Direct merger
by Jeff Tyler
Capital One wants to link up with the Internet Bank ING Direct USA in a $9 billion deal, but it has to get approval from the Federal Reserve.
Biggest war chest not necessarily deciding primaries
by David Gura
Rick Santorum, the candidate who has raised the least amount of money, recently won three primaries. Does this mean money doesn't matter as much as we thought?
Nokia announces more layoffs
by Christopher Werth
Nokia is to Finland what General Motors once was to the U.S. But as the company fades, it opens up room for new, smaller tech companies to matter.
Trial continues for accused Ponzi schemer Allen Stanford
by David Brancaccio
The former CEO of the Stanford Financial Group is considered the biggest accused Ponzi schemer to be tried. One of the government’s key witnesses testifies this week.
PODCAST: Smelly bus stations and a sauerkraut highway
by Mary Dooe
FRANCOIS LO PRESTI/AFP/Getty Images
The Federal Reserve could vote today on a proposed merger between Capital One and ING Direct USA. We talk to two unemployed Spanish women about what it is like to live in a country with such poor job prospects. The Grand Canyon announces a ban on bottled water, despite fears that Coca-Cola, a big parks sponsor, would react badly. And Wal-Mart chooses a new head for its China operations.
Irish citizens boycott new homeowners tax
by Christopher Werth
Packed, town hall-style meetings have sprung up all across Ireland over the past several weeks.
Yahoo chairman, board members step down
by David Brancaccio
More shake ups are announced at Yahoo, following the recent departure of co-founder Jerry Yang.
House GOP introduces version of insider trading bill
by David Gura
Republicans in the House of Representatives have introduced their version of an anti-insider trading bill. The version that passed the Senate had provisions that focused specifically on those who traffic in 'political intelligence.'
In Russia, traffic jams are a little different
by Peter van Dyk
Traffic jams are a nightmare in Russia. But for some high ranking officials, breaking free is as simple as turning on a light.
Some banks offer extra incentive to short sell homes
by David Brancaccio
Bloomberg News reports a case of a J.P. Morgan Chase letter to a homeowner that said "you could sell your home, owe nothing more on the mortgage, and get $30,000."
Grand Canyon announces ban on bottled water
by Scott Tong
Waste concerns lead to a ban on bottled water at the national park despite fears that Coca-Cola, a big parks sponsor, would react badly.
Spanish people facing unemployment over 20%
by Jeremy Hobson
We speak to two unemployed Spanish women in Madrid about the dire job situation in their country.
A little risk in the portfolio could be worth it
by Josh Brown
The markets will always have their ups and downs, but Josh Brown of Fusion Analytics thinks the best way to prepare for a long retirement is to keep a little risk in your portfolio, especially as markets are looking up.