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Apr 4, 2012

Marketplace Morning Report for Wednesday, April 4, 2012

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The Federal Reserve has released its latest minutes as well as the results of an investigation which found that the Fed didn't contribute funds to Watergate, or other scandalous causes. The U.S. is increasing pressure on Iran to curb its nuclear program, but India -- a long-time U.S. ally -- is reluctant to go along. And last year, Starbucks initiated the Create Jobs for USA Fund; because of its success, Google and Gap are ready to join in.

 

Segments From this episode

Starbucks finds partners for job fund

Apr 4, 2012
Google Offers and Banana Republic are the first businesses to join Starbucks in raising money for its U.S. job creation fund.

Fed money played no role in Watergate

Apr 4, 2012
At the Federal Reserve's latest meeting, only two of 10 voting committee members support additional stimulus. The Fed inspector general, meanwhile, released a report that Fed money didn't contribute to the Watergate burglary, or to Saddam Hussein and Iraq getting weapons in the 1980s.

India's oil purchases from Iran irk U.S.

Apr 4, 2012
India is a U.S. ally but also one of the top importers of Iranian oil. It could face U.S. sanctions unless it curbs these oil purchases.

Yahoo to chop 2,000 more jobs

Apr 4, 2012
Shares of Yahoo are down this morning. The Internet giant is handing out 2,000 pink slips today. It's the sixth mass layoff for the tech company in just the past four years.

PODCAST: Yahoo cuts 2,000 jobs, James Bond grabs a Heineken

Apr 4, 2012
The Federal Reserve has released its latest minutes as well as the results of an investigation which found that the Fed didn't contribute funds to Watergate, or other scandalous causes. The U.S. is increasing pressure on Iran to curb its nuclear program, but India -- a long-time U.S. ally -- is reluctant to go along. And last year, Starbucks initiated the Create Jobs for USA Fund; because of its success, Google and Gap are ready to join in.
The end of "shaken, not stirred?" Reports are out that James Bond will sip a Heineken beer in the latest movie.
Dave M. Benett/Getty Images for Martini

China's premier calls for break up of bank monopoly

Apr 4, 2012
A top Chinese official called for the country to crack down on its bank monopoly. Small businesses have had trouble getting loans and that's putting a damper on China's growth.
Chinese Premier Wen Jiabao accompanies Italian Prime Minister Mario Monti to view an honor guard during a welcoming ceremony at the Great Hall of the People on March 31, 2012 in Beijing, China.
Feng Li-Pool/Getty Images

Foreign chains struggling in Syria

Apr 4, 2012
The economic and social unrest in Syria is making it difficult for foreign businesses, like KFC, Cinnabon and United Colors of Benetton, to expand there.
Syrian women walk past a Kentucky Fried Chicken restaurant in Damascus in 2006. The economic and social unrest in Syria lately is making it difficult for foreign businesses, like KFC, Cinnabon and United Colors of Benetton, to expand there.
LOUAI BESHARA/AFP/Getty Images

P&G bars office access to Pandora, Netflix

Apr 4, 2012
Proctor & Gamble has shut down access to Pandora and Netflix for all its employees globally.

Groupon shareholder sues over alleged misinformation

Apr 4, 2012
The daily deals website Groupon is being sued by a shareholder who says the company misled investors about its finances. Last week Groupon revised its fourth quarter earnings saying it failed to set aside enough money for customer refunds.

Study: Intelligent people less likely to take sick leave

According to a new study out in the U.K., there is a correlation between intelligence levels and the likelihood that someone will end up on long-term sick leave.
British officials demonstrate how to sneeze during a visit to a school in north London. A new study in the U.K has found a strong correlation between intelligence and those who are less likely to go on long-term sick leave.
SHAUN CURRY/AFP/Getty Images

Markets react to Fed news, ADP jobs report

Apr 4, 2012
The payroll processing company ADP said the U.S. private sector added 209,000 jobs last month, a sign that job growth has yet to be affected by high gas prices. The seeming recovery has also led the Fed to announce it will ease off with quantitative easing.

STOCK Act becomes law

Apr 4, 2012
Today President Obama will sign the STOCK Act -- short for “Stop Trading On Congressional Knowledge.” It says Capitol Hill finally has to follow the same insider trading rules as everybody else.

The Federal Reserve has released its latest minutes as well as the results of an investigation which found that the Fed didn’t contribute funds to Watergate, or other scandalous causes. The U.S. is increasing pressure on Iran to curb its nuclear program, but India — a long-time U.S. ally — is reluctant to go along. And last year, Starbucks initiated the Create Jobs for USA Fund; because of its success, Google and Gap are ready to join in.

 

The team

Stephen Ryan Producer, BBC