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Marketplace Morning Report for Wednesday, May 30, 2012
May 30, 2012

Marketplace Morning Report for Wednesday, May 30, 2012

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The once high-flying maker of the BlackBerry handheld device is in deeper water than analysts feared. Research In Motion warned investors yesterday it could report a loss for its first quarter and has hired bankers for a “strategic review.” Computer networks across the Middle East are engulfed in flame, flame spying software that is. A hotdog joint called Felony Franks employs ex-convicts. After the BP spill, the multi-billion dollar Gulf Coast seafood industry was shut down. Now, two years later, things are looking up, at least for shrimpers.

Segments From this episode

'Flame' malware burns through cyberspace

by Queena Kim
May 30, 2012
The newly identified spyware is the latest state-sponsored cyber threat in the Middle East. But Flame could work its way into businesses.
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BBC World Service

Will China undertake a new fiscal stimulus?

by Marketplace Contributor
May 30, 2012
World financial markets have been see-sawing in recent days amid talk China may or may not give an extra stimulus to its economy. China, the world's second largest economy, growth was running near 9 percent last year.
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U.S. Treasury yield hits 60 year low

by Stacey Vanek Smith
May 30, 2012
As investors cope with uncertainty in Europe, the interest on the 10-year Treasury note, the benchmark cost of U.S. debt, hit a record low of 1.6 percent.
Traders signal offers in the 10-year Treasury note options pit at the CME Group in Chicago, Illinois.
Scott Olson/Getty Images
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Mid-day Update

PODCAST: Zuckerberg loses face value and Pepsi does Twitter

by Katie Long
May 30, 2012
The once high-flying maker of the BlackBerry handheld device is in deeper water than analysts feared. Research In Motion warned investors yesterday it could report a loss for its first quarter and has hired bankers for a “strategic review.” Computer networks across the Middle East are engulfed in flame, flame spying software that is. A hotdog joint called Felony Franks employs ex-convicts. After the BP spill, the multi-billion dollar Gulf Coast seafood industry was shut down. Now, two years later, things are looking up, at least for shrimpers.
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BBC World Service

Euro banking union could reduce Spanish burden

by Marketplace Contributor
May 30, 2012
The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
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FedEx to acquire Brazilian shipper

by David Brancaccio
May 30, 2012
Despite global economic woes and nervous markets, FedEx announced today that it will purchase the Brazilian shipper Rapidao Cometa Logistica e Transportes for $6.8 billion.
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European Debt Crisis

Obama sends economic adviser to Europe

by Christopher Werth
May 30, 2012
With borrowing costs spiking for Spain and Italy, the Obama administration has sent a top treasury official to Europe to encourage European leaders to take decisive action on their financial mess.
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European Debt Crisis

European Commission recommends banking union

by Christopher Werth
May 30, 2012
The European Commission has recommended today that banks in the eurozone create a union to help regulate and bolster failing banks.
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Shrimping season begins early on Gulf coast

by Marketplace Contributor
May 30, 2012
After the BP spill, the multi-billion-dollar Gulf Coast seafood industry was shut down. Now, two years later, things are looking up -- at least for shrimpers.
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BlackBerry maker RIM hires banks for 'review'

by Amy Scott
May 30, 2012
Research in Motion, maker of the BlackBerry, warned investors yesterday it could report a significant loss in its first quarter and has also hired JP Morgan and RBS for a "strategic review."
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Mid-day Update

Pepsi to launch Twitter music campaign

by Stacey Vanek Smith and David Brancaccio
May 30, 2012
In an effort to revive their brand image and win back market share from Coke, Pepsi is launching a new, hip partnership with Twitter that will include free songs for download and live-streaming music concerts.
Bottles and cans of Pepsi soda are seen on display in a store. This week Pepsi announced the details of its new year-long integrated marketing campaign with Twitter.
Joe Raedle/Getty Images
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A trip to Under-earners Anonymous

by David Brancaccio
May 30, 2012
There are 12-step programs for things that hold us back in life: alcohol, eating. What about not living up to our paycheck potential?
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Food and Drink

Serving up jobs to ex-cons

by Marketplace Contributor
May 30, 2012
It's tough to get employment if you've been convicted of a felony. But some companies in the Chicago area hire only ex-cons.
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The once high-flying maker of the BlackBerry handheld device is in deeper water than analysts feared. Research In Motion warned investors yesterday it could report a loss for its first quarter and has hired bankers for a “strategic review.” Computer networks across the Middle East are engulfed in flame, flame spying software that is. A hotdog joint called Felony Franks employs ex-convicts. After the BP spill, the multi-billion dollar Gulf Coast seafood industry was shut down. Now, two years later, things are looking up, at least for shrimpers.

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