Mar 8, 2011

Marketplace Morning Report for Tuesday, March 8, 2011

Segments From this episode

Commerce Secretary Gary Locke to be named ambassador to China

by Rob Schmitz and Gregory Warner

Mar 8, 2011

President Obama is expected to nominate Locke to represent the U.S. in Beijing. Locke would be the first Chinese-American to serve in the post, and has worked on trade with China before.

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Rising interest rates could hurt British homeowners

by Christopher Werth

Mar 8, 2011

The Bank of England is set to raise its rates, which means U.K. homeowners face the daunting prospect of increased mortgage payments.

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'Reset button' with Russia benefits U.S. business

by Marketplace Staff

Mar 8, 2011

It's been two years since President Obama enacted a symbolic "reset" in relations with Russia. The gesture may have helped political relations, but business relations with Russia have surged, too.

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Oil prices fall as OPEC discusses production boosts

by Stephen Beard

Mar 8, 2011

Oil prices declined for the first time in three days as members of the Organization of Petroleum Exporting Countries hold informal talks over pumping more oil into the global economy.

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Oil prices haven't changed American travel habits, yet

by Jeremy Hobson

Mar 8, 2011

Juli Niemann, analyst at Smith Moore and Company, explains why high oil and gas prices haven't convinced Americans to drive less this Spring.

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Senate to vote on patent system reform

by Steve Chiotakis

Mar 8, 2011

The Senate is expected to vote on an overhaul of U.S. patent laws. The measure may change the way patents are reviewed and would give priority to inventors who pay bigger fees.