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May 21, 2012

Marketplace Morning Report for Monday, May 21, 2012

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Gas prices continue to soar in the U.S., but Americans haven't yet flocked to alternative fuels like natural gas in a big way. Billionaire investor T. Boone Pickens expected us to -- but after being one of the industry's biggest…

Segments From this episode

Chinese developer buys AMC movie theater chain

May 20, 2012
The Dalian Wanda group, a major Chinese real estate developer, has purchased America's second-largest movie theater chain for $2.6 billion.

T. Boone Pickens: 'Natural gas has been a disaster'

May 21, 2012
Billionaire investor T. Boone Pickens explains why he recently left natural gas producer Chesapeake Energy, and what he thinks of a federal energy policy in the United States.

G8 summit focuses on weakness in Europe

May 21, 2012
President Obama will be with world leaders in Chicago today after meetings at Camp David over the weekend. The takeaway from those meetings is that there should be more of a focus on growth rather than austerity as Europe grapples…

Health care costs climb for kids

May 21, 2012
A report from a new think tank called Health Care Cost Institute says spending on health care for children under 18 is rising nearly one-and-a-half times faster than for those 55 to 64.

European banks continue to fear extra withdrawals

May 21, 2012
Europeans are withdrawing extra money from their bank accounts in case the continent's financial crisis deepens and the single currency system falls apart.

Summer blockbusters: Separating winners from losers

May 21, 2012
This past weekend, "Battleship" failed to meet expectations while" The Avengers" managed to keep raking in the cash.

PODCAST: Leveling the regional playing field, cutting deals with Chinese companies

May 21, 2012
Gas prices continue to soar in the U.S., but Americans haven't yet flocked to alternative fuels like natural gas in a big way. Billionaire investor T. Boone Pickens expected us to -- but after being one of the industry's biggest…
Fair skies abound outside as the Atlanta Falcons face off against the Minnesota Vikings at the Metrodome on in Minneapolis, Minn. The cost of doing business in the Midwest has finally leveled out with the South.
Doug Pensinger/Getty Images

Ultra-Orthodox Jews discuss limits to the Internet

May 21, 2012
Tens of thousands of Ultra-Orthodox Jews gathered at the home of the New York Mets, Citi Field, to discuss the virtues and evils of the Internet.

Facebook stock price falls on day two of trading

May 21, 2012
The brand new stock in Facebook is down 11 percent right now to $33.11. If day one of trading was seen as a disappointment, day two is so far not winning many new friends at the social networking company.

Midwest catches up to South in cost of doing business

May 21, 2012
When businesses are not moving operations overseas, the trend for decades within the U.S. has been shifting operations from the Midwest to the lower-cost South. But the Wall Street Journal has teased out some data showing when you look at…

Why Facebook's IPO was slightly delayed

May 21, 2012
Facebook's first investors didn't lose their shirts. The company's stock is trading right where it started on Friday: 38 bucks a share. But the initial public offering didn't go exactly as planned. The start was delayed; computer systems locked up;…

Online groceries for all, including food stamp users

May 21, 2012
The USDA just approved a program that would allow some food stamp users to buy groceries online. The CEO of one online grocer says it's about access to fresh food for all.

Gas prices continue to soar in the U.S., but Americans haven’t yet flocked to alternative fuels like natural gas in a big way. Billionaire investor T. Boone Pickens expected us to — but after being one of the industry’s biggest supporters, he’s now backed out of natural gas stocks all together. In New York last night, tens of thousands of orthodox Jews gathered at Citi Field to discuss the pros and cons of using the Internet. And America’s second largest movie theater chain, AMC, has been bought by one of China’s largest real estate developers, creating the world’s largest cinema chain.

The team

Stephen Ryan Producer, BBC