Subscribe:

May 15, 2013

Marketplace Morning Report for Wednesday, May 15, 2013

New figures out today from euro zone countries show the European Union’s economy has been getting weaker for six straight quarters — a year and a half of contraction. France was officially in recession. We take you to the continent to find out what it all means. And, seven years ago, Congress passed the Military Lending Act to prevent financial abuse of soldiers. But is it helping? Creative lenders are still finding ways into this lucrative market, and military families continue to fall into high-interest, quick-cash loans.

Subscribe:

Segments From This Episode

Department stores confront slow economy and online sales
by Stan Alcorn
It's a big week for department-store earnings. How are they faring in the stutter-step economic recovery?
The battle against high-cost lending to military families
by Mitchell Hartman
Five years ago, the U.S. military banned payday and title-loans to military families, but small-dollar, high-interest lenders are getting around the Military Lending Act.
380 ways to make the government more efficient (Video)
by Nancy Marshall-Genzer
A Senate committee on governmental affairs looks at 380 ways “to make Washington more efficient.” What’s likely to be the fate of this cost-cutting initiative?
Euro zone economies shrink for sixth straight quarter
by Andrew Walker
France is in recession, while Germany's economy has expanded.
Retailers around the world react to Bangladesh fire
by Krissy Clark
After last month's collapse at a garment factory, retailers around the world are responding in different ways.
3 oil companies raided by European officials
by Rob Young
The European Commission is investigating a potential price manipulation scheme among oil companies.
World’s largest flawless diamond up for auction
by Gigi Douban
Today, Christie's will auction off a rare 101 carat diamond that is expected to fetch $20 million to $30 million.
Retail makes modest gains
by David Brancaccio
A look at how new retail figures impact the economy.
PODCAST: Retailers react to Bangladesh; oil companies raided in Europe
by David Brancaccio
A look at how new retail figures impact the economy. After last month's collapse at a garment factory, retailers around the world are responding in different ways. The European Commission is investigating a potential price manipulation scheme among oil companies. A Senate committee on governmental affairs looks at 380 ways “to make Washington more efficient.”