Feb 3, 2010

Marketplace Morning Report for Wednesday, February 3, 2010

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Marketplace Morning Report for Wednesday, February 3, 2010

Segments From this episode

AIG to cut bonus pool, distribute early

Feb 3, 2010
AIG had promised to pay employees nearly $200 million in bonuses next month, but buckled to pay cut pressure from pay czar Kenneth Feinberg. Amy Scott reports $100 million will go to workers in advance who agreed to the cuts.

Will Greece's austerity plan affect euro?

Feb 3, 2010
The European Commission has OK'd Greece's latest austerity plan, but economists question whether the euro can survive the deep cuts the country is proposing on its public spending. Stephen Beard reports.

Gov't to buckle down on car safety

Feb 3, 2010
Toyota's case of faulty gas pedals looks bad for the National Highway Traffic Safety Commission, which has the authority to demand safety info from car and tire makers. John Dimsdale explores how the commission plans to crack down on auto safety.

How Facebook can make more money

Feb 3, 2010
Analysts estimate Facebook earned $500 million in 2009. But with 175 million registered users logging on every day, the site can generate much more revenue. Rico Gagliano reports what the social networker might try to turn a bigger profit.

Fund investing in gay, lesbian markets

Feb 3, 2010
Galileo Management is planning to launch a fund that will invest in businesses that cater to gays and lesbians. Jennifer Collins reports.

Toyota's electronics draw scrutiny

Feb 3, 2010
Congress is now investigating electronics systems on Toyota cars following the automaker's massive recall tied to faulty gas pedals. Bill Radke talks to Marketplace's Amy Scott about how this latest development might affect repairs.

How's that consumer financial agency?

Feb 3, 2010
Buckling to government pressure, Citibank will withhold a fee on low checking accounts. How does this play into the president's agenda for banking regulation? Bill Radke talks to Los Angeles Times business columnist David Lazarus.

Toyota's new concern: Prius brakes

Feb 3, 2010
Japan has ordered Toyota to investigate possible problems with brakes on its new Prius hybrid model. Bill Radke talks to Marketplace's Amy Scott about customers' complaints and how they will further impact Toyota.

Monthly layoffs at a one-year low

Feb 3, 2010
Employment service ADP reports private employers laid off 22,000 workers in January, the smallest drop in a year. Steve Chiotakis talks to Richard Dekaser of Woodley Park Research.

The team

Stephen Ryan Producer, BBC

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