Mar 8, 2017

03/08/17: Breaking U.S. sanctions can get you a $1.2 billion fine

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The Chinese telecom firm ZTE has been hit with a $1.2 billion fine from the U.S. for selling technology to Iran and North Korea. Marketplace's Kimberly Adams reports on how tricky things can get for businesses in with our increasingly global economy. We'll also explore why the restaurant industry has been hit with challenging times, and then look at a potential crisis at Caterpillar. The manufacturer is reeling after investigators raided the company's headquarters last week.

Segments From this episode

TV ownership is in decline, new study says

Mar 8, 2017
Americans don’t own as many TVs as they used to. That’s according to a new study out from the U.S. Energy Information Administration. No surprise, as we’re watching more programming on mobile devices and laptops. What does this mean for the companies that make and sell televisions? Click the above audio player to hear the […]

Raid by federal investigators at Caterpillar is unusual move

Mar 8, 2017
The heavy-equipment company says it has the “highest integrity.”
Heavy-equipment manufacturer Caterpillar got a surprise when federal agents came to dig for files, data and computer equipment on March 2.
Courtesy of Caterpillar

Restaurants are off to another tough year

Mar 8, 2017
The restaurant industry is getting hit hard by diners who have lots of good reasons to eat at home.

California's raisin farmers are struggling

Mar 8, 2017
30 years ago, Fresno County was famous for its dried fruit. Today, growers are pulling up their vineyards.
A raisin farm in central California. 
Andy Uhler/Marketplace

03/08/17: Businesses seem to be feeling pretty good right now

Mar 8, 2017
Strong employment numbers are moving the market this morning. Private companies grew payrolls by 298,000 jobs — way ahead of expectations. Susan Schmidt from Westwood Holdings Group explains what these figures say about confidence in the business community. Next, we'll look at how the Raisin Capital of the World is coping with falling prices and foreign competition.

The Chinese telecom firm ZTE has been hit with a $1.2 billion fine from the U.S. for selling technology to Iran and North Korea. Marketplace’s Kimberly Adams reports on how tricky things can get for businesses in with our increasingly global economy. We’ll also explore why the restaurant industry has been hit with challenging times, and then look at a potential crisis at Caterpillar. The manufacturer is reeling after investigators raided the company’s headquarters last week.

The team

Stephen Ryan Producer, BBC