Oct 25, 2012

Marketplace Morning Report for Thursday, October 25, 2012

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Federal prosecutors in New York are accusing Bank of America of defrauding the government by rushing home loans through the approval process, then selling them to Fannie Mae and Freddie Mac. A new report from the U.S. Census Bureau shows that multi-generational living is on the rise. In 2010, 4.4 percent of U.S. households had three or more generations living under one roof.

Segments From this episode

Feds sue Bank of America over 'hustle' home loans

Oct 25, 2012
Federal prosecutors in New York are accusing the bank of defrauding the government by rushing home loans through the approval process, then selling them to Fannie Mae and Freddie Mac.

Report: Multi-generational living on the rise

Oct 25, 2012
A new report from the U.S. Census Bureau shows that multi-generational living is on the rise. In 2010, 4.4 percent of U.S. households had three or more generations living under one roof.

Technology to soar, deficit to fade, Africa takes the day

Oct 25, 2012
Not everything in the economy hinges on who wins in November. Whether it's President Obama or President Romney -- we're predicting three things are certain by 2016.

UPDATE: Ford to transfer UK plant to Turkey

Oct 25, 2012
Ford has announced the closure of its last vehicle manufacturing plant in the UK. The company is reportedly shutting down a van factory and shifting production to Turkey.

Gallup poll: Romney leads on economy

Oct 25, 2012
Gallup's national daily tracking poll gained some attention this past week. Some critics say the poll, which shows a solid lead for Governor Mitt Romney, is out-of-step with other national polls that indicate the race is much closer.

CEOs rally to pressure politicians on deficit

Oct 25, 2012
With the fiscal cliff looming, an all-star group of CEOs wants both parties to get serious about the deficit. The fix they're calling for will be tough for both parties to swallow.

CEO Steve Ballmer on Microsoft's 'epic' week

Oct 25, 2012
The stakes couldn't be higher for Microsoft as the company launches Windows 8 and the Surface tablet. Microsoft CEO Steve Ballmer says the release is an epic moment for the company on par with Windows 95.

Shorter unemployment lines encourage economists

Oct 25, 2012
Last week's initial claims for unemployment are out, and they seem to resume a positive jobs trend that had been interrupted by a couple of hiccups in recent weeks.

U.S. global air travel doubles since 1990

Oct 25, 2012
International air travel to and from the U.S. has more than doubled in the last 20 years to 152 million trips in 2011 according to a new report from the Bookings Institution.

Squaw Valley hopes for boost after early storm

Oct 25, 2012
Ski resorts are opening today in some parts of California after an early storm dumped several feet of snow in the Sierra Nevada mountains. Today's open at Squaw Valley in Lake Tahoe is the earliest open in 51 years.

PODCAST: Protest mail, air travel gale

Oct 25, 2012
A new report that suggests the U.S. might not be spending enough money on the right airports. New data on durable goods, jobless claims, and pending home sales are out this morning. And, why people around the world are putting their toenails in the mail.

38% of Americans feel better off than a year ago

Oct 25, 2012
Every bit of public data -- housing, employment, consumer spending -- changes how voters feel about the state of the nation -- and about their own well-being.

Federal prosecutors in New York are accusing Bank of America of defrauding the government by rushing home loans through the approval process, then selling them to Fannie Mae and Freddie Mac. A new report from the U.S. Census Bureau shows that multi-generational living is on the rise. In 2010, 4.4 percent of U.S. households had three or more generations living under one roof.

The team

Stephen Ryan Producer, BBC