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Jul 26, 2012

Marketplace Morning Report for Thursday, July 26, 2012

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Sanford Weill was once the king of making big banks bigger. Back in 1998, he combined Travelers, the insurance company, with Citibank to create Citigroup. But now, Weill wants to break up big banks. Facebook will post its first earnings…

Segments From this episode

Goodyear experimenting with soybean-based tires

Jul 26, 2012
The company says using soybean based-oils for the rubber in their tires would be cost-effective for consumers and could reduce Goodyear's oil use by as much as seven million gallons annually.
The company says using soybean based-oils for the rubber in their tires would be cost-effective for consumers and could reduce Goodyear's oil use by as much as seven million gallons annually.
Justin Sullivan/Getty Images

Father of big banking Sandy Weill changes tune

Jul 26, 2012
Sandy Weill, who engineered Citigroup and the creation of megabanks, says big banks should be split up. Will the debate now gain traction?

Drought could push farmers to ditch the till

Jul 26, 2012
Many farmers in Tennessee tend their fields without tills to cut down on erosion, but they've found that their method also helps conserve water during droughts.

Arthur Laffer on income inequality, raising taxes

Jul 26, 2012
The father of supply-side economics explains why he's against raising taxes on the rich, and the problems with being so against income inequality.

Facebook to report first earnings since IPO

Jul 26, 2012
Facebook has had a rocky road since it started selling shares and there are still big questions about Facebook's future. For instance: how, exactly, it plans to make money.

Eurozone crisis hits Shell, other earnings

Jul 26, 2012
The crisis in the eurozone is hitting profits everywhere; Anglo-Dutch oil giant "Shell" is the latest. Shell says this morning earnings fell 13 percent compared to the same quarter last year. This follows a string of U.S. companies blaming Europe.

FarmVille creator Zynga reports loss in second quarter

Jul 26, 2012
Yesterday after markets closed we got results from Zynga, the maker of Facebook games like FarmVille. And things ain't looking so good down on the farm.

Facebook earnings out later today

Jul 26, 2012
One quarter after its initial public offering, analysts are questioning whether Facebook will be able to live up to its promises.
The share price of newly debuted Facebook stock is seen at the Nasdaq stock market moments after it went public on May 18, 2012 in New York, United States.
Spencer Platt/Getty Images

Durable goods orders down over 1%

Jul 26, 2012
Durable goods -- like computers and equipment -- are one way to measure for how much companies are investing in future growth. In word: They're not. Durable goods orders were down more than a percent in June -- the…
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KENZO TRIBOUILLARD/AFP/GettyImages

Mobile technology big at the London Olympics

Jul 26, 2012
The Olympic Games get under way tomorrow. There's a big technology and social media push this year.
In this photo illustration, The North Greenwich Arena is seen on an iPhone's Google maps ahead of the London Olympic Games at the North Greenwich Arena on July 25, 2012 in London, England.
Mike Hewitt/Getty Images

ECB head pledges to do 'whatever it takes' to save euro

Jul 26, 2012
What can the European Central Bank really do to help the euro and what obstacles might be in its way?

Obama administration takes initiative against health care fraud

Jul 26, 2012
Attorney General Eric Holder and Health and Human Services Secretary Kathleen Sebelius are spearheading an effort to fight against health care fraud by teaming up with private insurers.

PODCAST: Awaiting Facebook earnings, awaiting a Lady Gaga doll

Jul 26, 2012
Sanford Weill was once the king of making big banks bigger. Back in 1998, he combined Travelers, the insurance company, with Citibank to create Citigroup. But now, Weill wants to break up big banks. Facebook will post its first earnings…
Bratz dolls sit on the shelf at Toy Town in Key Biscayne, Fla.
Joe Raedle/Getty Images

What to expect in the new school lunches

Your family might still be enjoying a summer diet of backyard barbeques and trips to Dairy Queen, but pretty soon kids will be back in school. And they could be facing a much different school lunch than they used to.
U.S. first lady Michelle Obama joins students for lunch at the cafeteria of Parklawn Elementary School January 25, 2012 in Alexandria, Va.
Alex Wong/Getty Images

Sanford Weill was once the king of making big banks bigger. Back in 1998, he combined Travelers, the insurance company, with Citibank to create Citigroup. But now, Weill wants to break up big banks. Facebook will post its first earnings after its IPO today, but the company has had a rocky road since it started selling shares and there are still big questions about its future. And why Goodyear is working on a new kind of tire: One made partially from soybeans.

The team

Stephen Ryan Producer, BBC