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Marketplace Morning Report for Thursday, May 17, 2012

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Shareholders of Chesapeake Energy are asking a judge to delay the company’s annual meeting so they can get more information about their CEO’s compensation and his personal financial interest in drilling natural gas wells. Chicago is getting ready for all the world leaders who will be in town for the big NATO meeting that starts today — and for the busloads of people who will be coming into town to protest. What is a joint venture, and why is it worthwhile for companies? And Los Angeles sports fans — and the Staples Center — are flying high as three of the city’s pro teams are in the playoffs.

Segments From this episode

L.A. pro teams pull postseason hat trick

by Eve Troeh May 17, 2012
The Lakers, the Clippers and the Kings all in the playoffs at the same time this year. That spells big money for the Staples Center and busy times for the people who transform the sports arena from a basketball court to hockey rink.

Chesapeake Energy stock continues to fall

by Scott Tong May 17, 2012
The nation's second largest natural gas company, Chesapeake Energy, has seen its stock plummet almost 40 percent this year. And this week it's been borrowing billions of dollars at high interest rates just to make ends meet.
BBC World Service

Angela Merkel staying committed to Greece

by Marketplace Contributor May 17, 2012
German Chancellor Angela Merkel is sending the message that she is committed to keeping Greece in the eurozone. In an interview with CNBC, Merkel says that she is open to stimulus programs. Now, that could be seen as a shift at at a time Greeks are blaming austerity imposed by Europe for their woes.
Attitude Check

Pollster: Romney favored as candidate to fix the economy

by Marketplace Contributor May 17, 2012
According to Gallup, Mitt Romney currently has the edge on Barack Obama on who Americans think will do a better job on the U.S. economy. Obama also has to worry about the perceptions of his own wealth.
European Debt Crisis

ECB cuts off funding to some Greek banks

by Stephen Beard May 17, 2012
German Chancellor Angela Merkel has sent a message that she is committed to keeping Greece in the eurozone. At the same time, the European Central Bank is keeping Greek banks on a tight leash, cutting off funding for some.

JPMorgan losses now estimated at $3 billion

by Gregory Warner May 17, 2012
Problems continue to swell for the banking giant, whose reported $2 billion loss could actually now be something more like $3 billion.

Over half of U.S. babies born last year were non-white

by David Brancaccio May 17, 2012
In a development that is changing society as well as marketing, the Census Bureau says that for the first time, most babies born in the U.S. were not white. That's babies born last year. The general population is not expected to become mostly "minority" for about another 33 years.
Mid-day Update

PODCAST: Walmart profits up, Dish Network at odds with TV execs

by Mary Dooe May 17, 2012
Shareholders of Chesapeake Energy are asking a judge to delay the company's annual meeting so they can get more information about their CEO's compensation and his personal financial interest in drilling natural gas wells. Chicago is getting ready for all the world leaders who will be in town for the big NATO meeting that starts today -- and for the busloads of people who will be coming into town to protest. What is a joint venture, and why is it worthwhile for companies? And Los Angeles sports fans -- and the Staples Center -- are flying high as three of the city's pro teams are in the playoffs.
Mid-day Update

Dish Network clashes with TV execs

by Jeremy Hobson and David Brancaccio May 17, 2012
The best laid advertising plans could be thwarted by a new service from Dish Network -- the satellite TV operator -- that lets users skip commercials all together.

What makes joint ventures good for business

by Chris Farrell May 17, 2012
As a way to deal with tighter credit and expand in a global economy, more and more companies are getting into joint ventures. We explore the pros and cons.

U.S. could be heading off a fiscal cliff in 2013

by Jeremy Hobson May 17, 2012
The Federal Reserve and lawmakers in Washington are warning of a fiscal cliff coming at the end of the year.
Occupy Wall St.

Occupy movement takes up responsible banking cause

by Marketplace Contributor May 17, 2012
Chicago is getting ready for all the world leaders who will be in town for the big NATO meeting that starts today -- and for the busloads of people who will be coming into town to protest. Some will be associated with the Occupy Movement, which is hoping to re-ignite after a quiet winter.

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