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Marketplace Morning Report for Friday, May 10, 2013

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Finance ministers and central bankers from the Group of 7 big economic powers, including the U.S., gather in London today for informal talks about global economic recovery. Germany’s finance chief is in for a roasting over the hot topic of austerity. Speaking of global economic indicators, Luxembourg’s ArcelorMittal, the world’s biggest steel company, reported profits were down in the first quarter of 2013. And, amid the debate over immigration, consider the following. People who were born in one country, but move somewhere else have an estimated $400 billion in savings — putting them in the position to lend money to their motherlands.

Segments From this episode

ArcelorMittal announces quarterly loss of $345 million

by Amy Scott May 9, 2013
European steel giant ArcelorMittal announces its quarterly results today at a time when the global steel industry faces substantial challenges.

How old is 'too old' to lead a tech company?

by Noel King May 10, 2013
The founder of Chinese online retail giant Alibaba is resigning at the age of 48. Why? He says he's too old for the job.

The Obamacare charm offensive begins

by Dan Gorenstein May 10, 2013
The Affordable Care Act's PR push is gearing up for prime time.

Emigrants loan money to homelands with 'Diaspora bonds'

by David Brancaccio May 10, 2013
Emigrants are estimated to have $400 billion in savings, and some are investing the money at home.

Austerity on agenda as G7 meets near London

by Stephen Beard May 10, 2013
As the G7 gathers near London, austerity is on everyone's mind.
BBC World Service

Thieves stole $45 million in global ATM heist

by Mark Gregory May 10, 2013
Forget bank heist movies with ski masks and safe cracking. These thieves were high tech.

ATM heist reveals vulnerabilities in global security

by Sabri Ben-Achour May 10, 2013
A band of thieves working across two dozen countries has made off with $45 million. The caper reveals serious vulnerabilities in the banking system

CBO estimates $112 billion federal surplus for April

by David Brancaccio May 10, 2013
Pinch yourself. You're not dreaming.
Mid-day Update

PODCAST: A budget surplus; an 'old' CEO at age 48

by David Brancaccio May 10, 2013
The federal government will post a surplus for April 2013. The CEO of online retail giant Alibaba says he's too old for the job at 48. And, Obamacare's PR push is gearing up for prime time.

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