Jul 28, 2009

Marketplace Morning Report for Tuesday, July 28, 2009

Segments From this episode

Skin cream fairly profitable in India

by Raymond Thibodeaux

Jul 28, 2009

India's launch of Fair & Handsome skin-lightening cream three years ago has started a boom for male grooming products throughout the country. Raymond Thibodeaux explores the link between status and lighter skin and how it translates to profits.

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B of A could close 600 branches

by Mitchell Hartman

Jul 28, 2009

Bank of America is planning to shut down as many as 10% of its neighborhood branches. Bank executives see the need for physical locations dwindling as computers and smart phones take over. Mitchell Hartman reports.

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Roughing it is not what it used to be

by Jennifer Collins

Jul 28, 2009

If you're pinched for a stay in a luxury hotel suite this vacation, why not try a luxury stay outdoors? Between multi-room tents and propane ovens, first-time campers are getting the good life at a discount. Jennifer Collins reports.

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How Cubs bidder is hoping to score

by Bob Moon

Jul 28, 2009

The Tribune Company will be giving VIP seats to key financial players at today's game at Wrigley Field to woo a prospective Chicago Cubs buyers. Bob Moon looks into the deal and concerns for the potential team owner.

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BP losses make pretty good figures

by Stephen Beard

Jul 28, 2009

European oil company BP reported second-quarter earnings were down by more than 50 percent compared to last year. But analysts say it could easily have been worse. Stephen Beard looks into why these are being considered decent numbers.

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Where 'Say on Pay' could get in the way

by Jeremy Hobson

Jul 28, 2009

Today, the House Financial Services Committee considers a bill to give shareholders a say on executive salaries and bonuses. But some say the move could undermine the power of a board of directors. Jeremy Hobson reports.

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Mortgage plan gives people runaround

by Mitchell Hartman

Jul 28, 2009

The Obama administration's loan modification program to keep people in their homes hasn't had the results many were hoping for. Mortgage servicers will be at the White House today to explain why. Mitchell Hartman reports.

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U.S. Treasury plans to unload debt

by Jill Barshay

Jul 28, 2009

The U.S. Treasury wants to unload more than $200 billion of its debt. But who's buying? Jill Barshay reports the biggest investors are still foreign governments.

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Home prices done with nosedive

by Steve Chiotakis

Jul 28, 2009

Steve Chiotakis talks potential Bank of America closings and the S&P/Case Shiller Home Price Index with Juli Niemann from Smith, Moore and Company in St. Louis.

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Not a realistic plan for homeowners

by Bill Radke

Jul 28, 2009

The Obama administration's loan modification program is meant to help homeowners at risk of foreclosure. Bill Radke talks to real estate professor Chris Mayer, who says the expectations for the program aren't realistic.