May 11, 2011

Marketplace Morning Report for Wednesday, May 11, 2011

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Marketplace Morning Report for Wednesday, May 11, 2011

Segments From this episode

Business tax increase could push Sears out of Illinois

May 11, 2011
Because of Illinois' business tax increase, Sears has become the latest company to threaten to leave the state. The increase has backfired big time on the governor, who's scrambling to make deals to keep major companies from leaving the state.

Floodwaters could threaten refineries

May 11, 2011
Mississippi floodwaters are heading south to Louisiana. That's home to more than 10 percent of the nation's refining capacity.

The risks and benefits to having an 'all-in-one' device

May 11, 2011
These days, tablets make nearly everything possible, from holding addresses and phone numbers to being a GPS device. The L.A. Times' David Lazarus talks about what might become obsolete once these devices take over.

How the storms could help the housing market in the South

May 11, 2011
The devastating storms in Alabama and the surrounding states have taken a great toll on the area. But those displaced could help to reinvigorate the housing market there.

Toyota profit drops 77% after earthquake, tsunami

May 11, 2011
The world's largest car marker said its fourth-quarter profit slumped 77 percent after the devastating earthquake in Japan halted production.

Lawmakers question U.S. support of Pakistani counter-terror programs

May 11, 2011
After Osama bin Laden's death, many American politicians are reevaluating the U.S.'s roll in funding counter-terrorism efforts in Pakistan.

Greece strikes over austerity measures

May 11, 2011
Greek labor unions are planning a general strike and mass protests today against the country's economic austerity measures. Joanna Kakissis explains.

Starbucks chief blames high coffee prices on speculators

May 11, 2011
Howard Schultz has accused speculators of pushing up the price of coffee to a 34-year high. He is calling for more transparency when it comes to coffee trading.

Beijing to Shanghai high-speed rail line to open

May 11, 2011
The long-anticipated high-speed rail route from Beijing to Shanghai will start a one-month trial operation today before its formal launch in late June.

AIG to sell $9 billion in shares this month

May 11, 2011
The U.S. government and AIG announced a plan to send the firm back towards private ownership. Richard DeKaser, economist with the Parthenon Group, explains.

Rajaratnam found guilty

May 11, 2011
Galleon Group hedge fund founder Raj Rajaratnam was convicted today on all 14 conspiracy and securities fraud charges of insider trading.

The team

Stephen Ryan Producer, BBC