Marketplace Morning Report for Tuesday, April 14, 2015
Airing on Tuesday, April 14, 2015: There's news today of merger talks between two telecommunications equipment makers, Nokia of Finland and Alcatel Lucent of France. And there are a few strands of American DNA in there. Lucent is descendant of the old AT&T, bell labs, the people who invented the laser. Plus, JP Morgan Chase and Wells Fargo report earnings today. The news from General Electric last week implied that the bloom has come off the rose for finance: it’s no longer the sexy, risky, vast-amounts-of-money-making machine that it used to be, and many firms that aren't banks want to get out of it. But what about companies that have finance as their core business? Finally, we speak to our own producer Josh Woo about what his Wheel of Fortune win means for him this tax season.
Airing on Tuesday, April 14, 2015: There’s news today of merger talks between two telecommunications equipment makers, Nokia of Finland and Alcatel Lucent of France. And there are a few strands of American DNA in there. Lucent is descendant of the old AT&T, bell labs, the people who invented the laser. Plus, JP Morgan Chase and Wells Fargo report earnings today. The news from General Electric last week implied that the bloom has come off the rose for finance: it’s no longer the sexy, risky, vast-amounts-of-money-making machine that it used to be, and many firms that aren’t banks want to get out of it. But what about companies that have finance as their core business? Finally, we speak to our own producer Josh Woo about what his Wheel of Fortune win means for him this tax season.