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Jul 16, 2012

Marketplace Morning Report for Monday, July 16, 2012

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Grocery stores and merchants of all kinds will be sorting through the fine print this morning following a major credit card settlement that was announced late Friday. Visa, Mastercard and some big banks agreed to pay $6.6 billion to end…

Segments From this episode

Rising wages in China could be good news for U.S.

Jul 15, 2012
Wages rose 13 percent for Chinese urban households so far this year and the boost in buying power is good for businesses, including American ones.

Health clinics brace for 'pent-up demand'

Jul 16, 2012
The recent Supreme Court ruling has a lot of health care providers scrambling to deal with more patients.

More lies ahead in the LIBOR scandal

Jul 16, 2012
The New York Federal Reserve Bank released documents showing concerns about LIBOR's credibility in 2007. What's the next show to drop?

Microsoft expected to unveil new Office suite

Jul 16, 2012
Microsoft Office is the mainstay of the software company's business. Would a new version catch on with tablet and iPad users?

Visa, Mastercard reach $7 billion settlement over fees

Jul 16, 2012
Visa, Mastercard, and some big banks agreed to pay $6.6 billion late Friday to end a fight over fees they charge retailers. And the settlement is likely to affect all of us.

British lawmakers concerned over oil price reporting

Jul 16, 2012
In the U.K. today, lawmakers are highlighting an overlooked G20 report that says oil price-reporting has some uncomfortable similarities to the LIBOR rate fixing scandal.

Private equity firms: Job creators or job destroyers?

Jul 16, 2012
We'll likely hear more this week about when, exactly, Mitt Romney left his top job at Bain Capital. But here's the question that will persist: Job creator, or job destroyer? And that question's bigger than Bain, bigger than Romney --…

Russian rocket carries U.S. astronaut for pay

Jul 16, 2012
Yesterday the Russian Soyuz spacecraft launched and is now on its way to the International Space Station. Since retiring their own shuttle program, NASA has been paying Russia millions of dollars to get astronauts into space.

Mixed response from retailers over credit card settlement

Jul 16, 2012
Major credit card companies -- Visa and Mastercard -- as well as big banks have agreed to pay more than $7 billion to retailers to compensate for alleged price fixing of credit card fees. Some retailers think the settlement does…

U.S. retail sales slipped again in June

Jul 16, 2012
Reports from the Commerce Department show that retail sales are down for the third straight month. They slipped a half percent in June.

CFPB to oversee credit reporting agencies

Jul 16, 2012
The Consumer Financial Protection Bureau said this morning it will assume oversight of the credit reporting industry.

How credit card fee reform impacts consumers

Jul 16, 2012
This morning we've been looking at the impact of the largest antitrust class action settlement in U.S. history. The major credit card companies as well as the big banks have agreed to pay more than $7 billion to retailers for…

PODCAST: Credit card companies pay, Springsteen and McCartney play

Jul 16, 2012
Grocery stores and merchants of all kinds will be sorting through the fine print this morning following a major credit card settlement that was announced late Friday. Visa, Mastercard and some big banks agreed to pay $6.6 billion to end…
Tournament flags flying in the strong afternoon breeze during the final round of the 2012 Arnold Palmer Invitational presented by MasterCard at Bay Hill Club and Lodge on March 25, 2012 in Orlando, Fla.
David Cannon/Getty Images

'Linsanity' could be officially over

Jul 16, 2012
Many of you might remember a Knicks basketball player by the name of Jeremy Lin? Well, there are new fears that his popularity streak -- also known as Linsanity -- may officially be over, as the Knicks could be letting…

Grocery stores and merchants of all kinds will be sorting through the fine print this morning following a major credit card settlement that was announced late Friday. Visa, Mastercard and some big banks agreed to pay $6.6 billion to end a fight over fees they charge retailers. Microsoft has called a mystery news conference today. And the speculation is that the company will unveil new features for its software suite Office 15. And under the assumption that the Affordable Care Act will go into full effect, Northern Arizona’s community health centers are anticipating a jump in demand.

The team

Stephen Ryan Producer, BBC