Marketplace®

Daily business news and economic stories
  • Citigroup pays up for past deeds. Earlier this week, we learned the SEC is investigating Ally Financial for its own mortgage practices around that time.

  • Despite, or perhaps because of, the historic drought in the Midwest, farmers are making big profits. Isaac shuts down Louisiana's ports. And all those smartphones come with a cost: more than ever, we're tethered to our jobs.

  • Housing is up, consumer confidence is down. How do you feel about the economy?

  • Among our main stories today are the wrap-up of earnings season, the potential fallout from the recent Apple vs. Samsung patent decision and the popularity of 3D movies in China.

  • Will the "Lance" brand survive? Usually August means panic on the stock market, but this year we've seen the S&P 500 hit a four-year high and Apple stock rocket to over $670 a share. Have we bucked the trend? And an analyst has a model that predicts an Obama victory in November.

  • An Andean fortune-teller reads the cards to an Aymara elderly woman, at San Pedro square in La Paz, on June 28, 2012.
    AIZAR RALDES/AFP/GettyImages

    Notes from a Fed meeting earlier this month were released yesterday and they seem to indicate more stimulus is on the way. And while the Chinese economy shows some signs of slowing, not that everyone is suffering. Workers at state-run companies in China receive not just good salaries, but all kinds of perks — from mortgage payments to fancy cars.

  • One Canadian man recently decided to add a motor to an everyday picnic table like the one pictured here.
    Ezra Shaw/Getty Images

    After nearly two decades of negotiations, Russia is now officially a member of the World Trade Organization. It's an economic boon for Russia. Greece has officially asked for more time to make financial reforms required by its bailout agreement with Europe. And late night TV is about to go where it's never gone before. ABC says starting in 2013 it's moving Jimmy Kimmel Live a half hour earlier, to compete head-to-head with Letterman and Leno.

  • Doctor Denton Cooley explains heart transplants, on September 4, 1969 to the press, in Huston, Texas.
    -/AFP/GettyImages

    Apple has hit a major milestone. The electronics giant is now the biggest public company ever measured by stock value. It's back to school shopping season and despite the weak economy, luxury retail has been doing well. And kids clothes are no exception. And here in the U.S., our doctors are "burned out," according to a new study from the Mayo Clinic.

  • A pedestrian walks by a Best Buy store on April 10, 2012 in New York City.
    Justin Sullivan/Getty Images

    Struggling electronics retailer Best Buy has named a new chief executive: Frenchman Hubert Joly will likely take the helm in early September. It's back-to-school time — which means it's back-to-school lunch time. This year, kids lunch choices are going to be a little different. And beyond Beale Street, the blues and Elvis Presley, Memphis is dealing with some major urban challenges. So the city is launching a PR campaign, aimed in part at bringing former residents back to th city.

  • Miners sit together during a strike calling for increased wages, at a platinum mine in Marikana on August 16, 2012.
    STRINGER/AFP/GettyImages

    In South Africa, more than 30 workers have been killed by police at a platinum mine. The workers, who were armed, were staging what police said was an illegal strike. In Illinois today, unionized workers at a Caterpillar plant will vote on a contract to end a four month strike of their own — a strike that has put the state's governor in an awkward position. And you know the look… guys around the office in button-down shirts and khaki slacks. We take it for granted now as the business casual “uniform,” but it wasn’t always. So how did the modern office dress code come to be?

Mid-day Update