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Marketplace Morning Report for Wednesday, February 16, 2011

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Marketplace Morning Report for Wednesday, February 16, 2011

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Pharma deal: French Sanofi-Aventis to buy U.S. Genzyme

by Eve Troeh Feb 16, 2011
Wednesday brought an end to the long-awaited deal between French pharmaceutical company Sanofi-Aventis and the U.S. biotech firm Genzyme. Sanofi will buy Genzyme for at least $20.1 billion. But the number could go higher if Genzym's drugs-in-development succeed when they go to market, as Eve Troeh explains.

Sanofi-Aventis to pay more than $20 bil. for Genzyme

by Jon Bithrey Feb 16, 2011
French pharmaceutical company Sanofi-Aventis will pay more than $20.1 billion for U.S. biotech firm Genzyme. Sanofi will pay $74 per Genzyme share once the deal closes in the second quarter of 2011.

How to manage U.K.'s rising inflation

by Christopher Werth Feb 16, 2011
The Bank of England will announce its outlook for U.K. growth and inflation today. Amid cost-of-living concerns, the central bank faces a tough decision: Is the economic recovery strong enough to handle an increase in interest rates in order to curb inflation? Christopher Werth has more.

U.S. core producer prices hit 2 year high

by Marketplace Staff Feb 16, 2011
The U.S. Labor Department announced today that the producer price index rose more the 3.5 percent over the past year. Consumers are already feeling the jump in energy prices at the pump, as David Wyss explains.

Richard DeKaser: Inflation affects food and gasoline prices

by Jeremy Hobson Feb 16, 2011
Jeremy Hobson speaks to Richard DeKaser, economist at the Parthenon Group, about today's inflation numbers from the U.S. Labor Department.

Borders files for bankruptcy

by Eve Troeh Feb 16, 2011
Borders Group, the second largest bookseller in the country, has turned the page into Chapter 11 bankruptcy today. The company announced its plans to close almost 200 stores and drastically cut its staff. Eve Troeh reports.

Wholesale prices rise nearly 1 percent in January

by Steve Chiotakis Feb 16, 2011
Higher fuel and food costs pushed up wholesale prices last month. Steve Chiotakis speaks with analyst Peter Cohan this morning to get more information on these numbers.

How to avoid online credit card fraud

by Jeremy Hobson Feb 17, 2011
David Lazarus of the Los Angeles Times discusses why online credit card fraud is becoming a big problem, and how to best guard yourself from it.

Higher price of cotton has designers looking for alternatives

by Stacey Vanek Smith Feb 17, 2011
As pure cotton increasingly becomes a luxury fabric, clothing designers experiment with new blends and substitutes. Interested in a dress made from recycled swimsuits?

Rising food prices not expected to largely affect U.S. consumers

by Jeff Tyler Feb 17, 2011
Food is getting more expensive worldwide, but economists predict rising prices won't largely affect American life.

Needing a job to get a job

by Jennifer Collins Feb 17, 2011
Some job listings these days specify that only employed workers need apply. It can be a frustrating situation for the long-term unemployed.

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