Jun 22, 2012

Marketplace Morning Report for Friday, June 22, 2012

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The credit rating agency Moody's slashed the ratings of 15 of the world's biggest financial institutions yesterday -- including Citigroup, Bank of America, Barclay's and Credit Suisse. Mitt Romney is in Park City, Utah this weekend hosting an event for some of his biggest donors. The presidential hopeful is reportedly on track to raise $100 million this month, which could be more than President Obama raises. And Congressman Howard Berman explains why he is trying to change federal law to limit helicopter noise in residential neighborhoods of Southern California.

Segments From this episode

Putting limits on helicopter noise

Jun 22, 2012
According to Democratic Congressman Howard Berman, helicopter noise in Southern California is getting way too loud and frequent, and that's why he's pushing for new federal regulations.

PODCAST: Major banks downgraded, the Heat take it home

Jun 22, 2012
The credit rating agency Moody's slashed the ratings of 15 of the world's biggest financial institutions yesterday -- including Citigroup, Bank of America, Barclay's and Credit Suisse. Mitt Romney is in Park City, Utah this weekend hosting an event for some of his biggest donors. The presidential hopeful is reportedly on track to raise $100 million this month, which could be more than President Obama raises. And Congressman Howard Berman explains why he is trying to change federal law to limit helicopter noise in residential neighborhoods of Southern California.
Julio Gomez shows off his face paint as he poses for a portrait before game five of the 2012 NBA finals between the Oklahoma City Thunder and Miami Heat at Havana Nines June 21, 2012 in Miami, Fla.
Joshua Lott/Getty Images

Tesla Motors introduces all-electric sedan

Jun 22, 2012
Sales of the new Model S sedan could make or break the electric car company.

Defining 'pre-existing conditions'

Jun 22, 2012
The Supreme Court is about to announces its decision on the health care reform law, which includes guaranteed coverage for people with pre-existing medical conditions. But what exactly counts as one?

After NBA finals, will Heat do a cooldown?

Jun 22, 2012
The Miami Heat, in five games, won the NBA championship last night by... a lot. From a strictly business point of view -- what now?

After Moody's downgrade, will banks need bailouts?

Jun 22, 2012
After U.S. markets closed yesterday, the rating agency Moody's delivered more bad news -- this time to 15 of the world's largest banks, including the biggest American banks. The fine print of the downgrade hints at more bank bailouts down the road.

Taxing the use of Internet Explorer 7

Jun 22, 2012
Do you constantly ignore that pop up message telling you to update your web browser? An online retailer in Australia plans to put a kind of tax on customers who shop using outdated browsers.

Moody's downgrade 'for the banks' own good'

Jun 22, 2012
The credit rating agency Moody's slashed the ratings of 15 of the world's biggest banks, including most of the big guys here in the U.S.

Grammar deteriorating in the workplace

Jun 22, 2012
The most popular item this week on the Wall Street Journal's web site: a column on our deteriorating grammar at the office.

China, Brazil forge currency swap deal

Jun 22, 2012
With consumer demand still sluggish in the U.S. and Europe, China is looking elsewhere for new customers to places like Brazil. In fact, this week China and Brazil agreed to a landmark deal that avoids using the U.S. dollar.

More capacity, more extra fees lift cruise industry

Jun 22, 2012
The cruise business is emerging from the down economy thanks to lower fuel prices, bigger boats and more fees for perks like alcohol and excursions.

Moody's downgrades 15 major banks

Jun 22, 2012
The credit rating agency Moody's slashed the ratings of 15 of the world's biggest financial institutions, including Citigroup and Bank of America here in the U.S. and Barclays and Credit Suisse in Europe.

Moody's downgrades: European or global problem?

Jun 22, 2012
Global markets are down about a percent this morning after the rating agency Moody's downgraded the credit ratings of 15 of the largest banks in the world. Among them, European institutions -- but also big American banks like JP Morgan Chase and Bank of America.

Moody's cuts ratings of major international banks

Jun 22, 2012
Moody's has downgraded the credit ratings of 15 banks in Europe and North America -- that continues to rattle markets in Asia and Europe today so far.

Romney hosts mega donors at Utah retreat

Jun 22, 2012
More than 100 of presumptive Republican presidential nominee Mitt Romney's top donors will join him this weekend, a sign that big-money donors -- not the small donors that propelled Barack Obama to victory in 2008 -- may be the difference-makers in this election.

Dishonesty in the financial world

Jun 22, 2012
From Rajat Gupta to Greek taxpayers, it seems dishonesty is increasingly a problem in the economic world. We hear from psychologist Dan Ariely as to why that is, and what can be done about it.

The credit rating agency Moody’s slashed the ratings of 15 of the world’s biggest financial institutions yesterday — including Citigroup, Bank of America, Barclay’s and Credit Suisse. Mitt Romney is in Park City, Utah this weekend hosting an event for some of his biggest donors. The presidential hopeful is reportedly on track to raise $100 million this month, which could be more than President Obama raises. And Congressman Howard Berman explains why he is trying to change federal law to limit helicopter noise in residential neighborhoods of Southern California.

The team

Stephen Ryan Producer, BBC