Marketplace Morning Report for Monday, December 10, 2012
European markets are slumping this morning on news that the prime minister of Italy is resigning. Mario Monti -- whose technocratic government took power a year ago to fix the Italian economy -- says he'll step down as soon as next year's budget gets approved. In North Dakota, oil production is booming. Of course, there's still no pipeline to move the oil -- which is causing a boom for another industry: railroads. And, there is still a glut of foreclosed houses on the market, but it's not ordinary homebuyers who are benefitting.