Aug 8, 2012

Marketplace Morning Report for Wednesday, August 8, 2012

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As American Airlines winds its way through bankruptcy, some of its union workers are voting on new contract offers. Next week, a judge will decide if the company can throw out its old labor contracts and impose even more severe cuts on the workers. In the housing market, the credit rating agency Trans Union said late payments on mortgages have reached the lowest level in three years. And Apple and Google are expected to be major bidders at an auction today over patents from Eastman Kodak. Patent law is one of the most lucrative fields in the industry these days, and bilingual lawyers are in high demand because of it.

Segments From this episode

Generosity is the key for a new European import

Aug 8, 2012
So-called "Giveboxes," which are like small donation centers, have been popping up in Europe for about a year. Now there's one in North America -- in Montreal.

Need grows for bilingual lawyers

by
Aug 8, 2012
Though it remains a tough job market for recent law school graduates, patent fights that involve products made in Asia are driving a need for bilingual attorneys.

American Airlines employees await decisions

Aug 8, 2012
Union workers at the bankrupt airline could be facing layoffs in the thousands, or deep cuts to wages and benefits.

Starbucks gets Square for payments

Aug 8, 2012
Startup Square gets a caffeine boost by providing mobile payments for Starbucks customers. The deal also includes credit card processing.

Late mortgage payments reach three year low

Aug 8, 2012
Today the credit rating agency Trans Union said late payments on mortgages have reached the lowest level in three years.

England, France facing more financial struggles

Aug 8, 2012
The Bank of England forecasts this morning the U.K. economy will not grow at all in the coming quarter. Across the channel, the French central bank says the euro's second-largest economy is headed for its own recession. And Germany's being infected by all this through its exports, which fell in June.

Job openings at highest level in four years

Aug 8, 2012
Job openings jumped to a four-year high in June: 3.7 million. Seems strange, considering we learned less than a week ago that the country has an 8.3 percent unemployment rate right now.

Home prices up nationwide

Aug 8, 2012
Why the reason for the jump in home prices and has the housing market really rebounded?

Wholesale tea prices on the rise

Aug 8, 2012
It turns out that bad weather elsewhere in the world is affecting global tea prices. The cost of good quality, black tea has shot up 41 percent on the wholesale market this year.

Pfizer agrees to pay $60 million to settle bribery charges

Aug 8, 2012
The charge: violating the U.S. Foreign Corrupt Practices Act. Pfizer's drug sales reps paid bribes to get Pfizer drugs used by doctors in countries like China, Russia and Bulgaria.

U.S. seeing signs of a housing rebound

Aug 8, 2012
Home prices are rising and the number of Americans behind on their mortgages has fallen to a three-year low -- all encouraging signs of a rebound in the housing market.

PODCAST: A light at the end of the housing tunnel

Aug 8, 2012
As American Airlines winds its way through bankruptcy, some of its union workers are voting on new contract offers. Next week, a judge will decide if the company can throw out its old labor contracts and impose even more severe cuts on the workers. In the housing market, the credit rating agency Trans Union said late payments on mortgages have reached the lowest level in three years. And Apple and Google are expected to be major bidders at an auction today over patents from Eastman Kodak. Patent law is one of the most lucrative fields in the industry these days, and bilingual lawyers are in high demand because of it.
Furniture and personal belongings sit in front of a house that appears to be abandoned on June 14, 2012 in Antioch, Calif.
Justin Sullivan/Getty Images

Obama, Romney draw attention over apps

Aug 8, 2012
With election day now less than three months away, the campaigns of both Mitt Romney and Barack Obama have amped up. One of their newest feats? Mobile apps.

As American Airlines winds its way through bankruptcy, some of its union workers are voting on new contract offers. Next week, a judge will decide if the company can throw out its old labor contracts and impose even more severe cuts on the workers. In the housing market, the credit rating agency Trans Union said late payments on mortgages have reached the lowest level in three years. And Apple and Google are expected to be major bidders at an auction today over patents from Eastman Kodak. Patent law is one of the most lucrative fields in the industry these days, and bilingual lawyers are in high demand because of it.

The team

Stephen Ryan Producer, BBC