Apr 2, 2012

Marketplace Morning Report for Monday, April 2, 2012

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Mayor of Chicago and former White House chief of staff Rahm Emanuel speaks about health care reform, inspiration from other mayors, and parking meters. The nation's largest manager of pharmacy benefit plans is getting even bigger as Express Scripts expects…

Segments From this episode

The taxpayers most likely to get audited

Apr 2, 2012
With just 15 days left before taxes are due this year, are you more likely to get audited than your neighbor or co-worker?

PODCAST: Avon turns down Coty, Rahm Emanuel spruces up Chicago

Apr 2, 2012
Mayor of Chicago and former White House chief of staff Rahm Emanuel speaks about health care reform, inspiration from other mayors, and parking meters. The nation's largest manager of pharmacy benefit plans is getting even bigger as Express Scripts expects…
General atmosphere during Tim McGraw's launch of his new fragrance 'McGraw' with Coty and performs with his band at the Highline Ballroom on April 29, 2008 in New York City. Coty has tried to offer Avon a deal to take over the company, but Avon has refused thus far.
Joe Corrigan/Getty Images

Visa cardholders hit by data breach, blackout

Apr 2, 2012
Visa has dropped card processor Global Payments after a big data breach on Friday. It compromised the credit card information of more than a million cardholders.

Major pharmacy chains expected to merge this week

Apr 2, 2012
Express Scripts is looking to close a deal to takeover Medco Health Solutions this week. The combined companies will handle the prescription drugs of 135 million Americans. What effect will that have on pharmacy drug prices?

Avon rejects $10 billion takeover offer by Coty

Apr 2, 2012
Coty is world's biggest perfume maker, making scents for the likes of Calvin Klein and Stetson. In a statement, Avon said it wants nothing to do with the offer.

Rahm Emanuel on Chicago, U.S. economy

Apr 2, 2012
The mayor of Chicago is planning a complete makeover for his city, including a new runway at O'Hare Airport, upgrades to rail and bus service, and a rebuilding of the city's water and sewer system.

U.K. considers broad national surveillance plan

Apr 2, 2012
Many British citizens are used to being watched via camera by the government, but now a new plan to monitor all phone calls, emails and web traffic to keep up with hackers and other criminals is causing privacy advocates to…

Lawmakers pushing to regulate cosmetics

Apr 2, 2012
Right now the Food and Drug Administration is all but powerless to regulate cosmetics. Bills in Congress could give the industry a facelift by banning ingredients linked to cancer and other disorders.

As politics shift in Myanmar, so do economics

Apr 2, 2012
Myanmar's foreign minister announced that historic elections in the country have gone smoothly, including apparent victories by pro-Democracy candidates. Also this morning, Myanmar's central bank floated the country's currency for the first time.
People wait to change money at a money changer center in Yangon on April 2, 2012. Today, Myanmar began a managed flotation of its currency.
Ye Aung Thu/AFP/Getty Images

Is this the beginning of merger season?

Apr 2, 2012
The beauty and fragrance company Coty went public with its offer to buy rival Avon for about $10 billion -- that's an offer Avon so far has rejected. And Express Scripts and Medco -- two companies that process prescriptions at…

Avon hopes to rebound without help of Coty

Apr 2, 2012
The door-to-door make up company Avon got a buyout offer this morning from Coty for $10 billion. Coty is world's biggest perfume maker. It makes perfume for the likes of Calvin Klein and Stetson. In a statement, Avon said it…
The newly completed U.S. headquarters for Avon Products Inc. are seen on September 14, 2011 in New York City.
Mario Tama/Getty Images

Mayor of Chicago and former White House chief of staff Rahm Emanuel speaks about health care reform, inspiration from other mayors, and parking meters. The nation’s largest manager of pharmacy benefit plans is getting even bigger as Express Scripts expects to finalize its merger with Medco this week. As Myanmar takes steps in the direction of democracy after decades of strict rule, big economic changes are also in store for the country. Right now, the Food and Drug Administration has very little power to police the cosmetics and personal care products industry.  But three separate bills in Congress could change that.

The team

Stephen Ryan Producer, BBC